Quick Binds

Standard Operating Procedure (SOP): Processing Quick Binds in Expert Insured

Overview: This SOP provides comprehensive step-by-step instructions for completing quick binds in Expert Insured. This process is typically used in three situations: digital binds (quoting/binding occurs on the carrier’s website), data migration, and mid-term BORs (to record new business BOR in the system). The scope includes creating the submission and using the quick bind feature to complete the bind process.

Prerequisites: Access to and familiarity with Expert Insured

Detailed Procedure

1. Open/create the insured’s account in Expert Insured
1.1. Navigate to Expert Insured and log in >> Go to Create >> Select Submission.
submission
1.2. Search for and select the agent >> Click Continue.
agent
1.3. Enter the insured’s name >> Click Search.
insured name
1.4. Select the insured’s name >> Click Continue
1.4.a. If the insured is not in the system, click New Insured and enter their information.
insured new
1.5. Confirm the information listed is accurate >> Click Continue.
confirm information

2. Enter the submission information

  • 2.1. Fill in the Coverages information.
    • 2.1.a. Select the Underwriter/Broker >> Select the agent in the Contact field.
    • 2.1.b. Enter the Policy Dates >> Select the Coverage(s).
    • confirm information

3. Use the Quick Bind feature to complete the bind process.

    • 3.1. Click Quick Bind.
    • quick bind
    • 3.2. Enter the Wholesaler/Carrier >> Enter the Policy Number >> The Business Description and SIC Code can also be entered (but are not required) >> Click Continue.
    • quick-bind-sic
    • 3.3. Enter the policy premium and taxes/fees as usual.
    • policy-premium
    • 3.4. Click Continue
    • save later
    • 3.5. Confirm the information listed on the Policy and Accounting Verification window >> Check the verification box >> Click Continue.
    • verification box

4. If the policy and invoice need to be sent to the agent, attach the policy in EI.

    • 4.1. Click on Documents.
    • documents
    • 4.2. Click Attach Document.
    • documents
    • 4.3. Drag and drop the policy document into the window >> Click Continue >> Select ‘Policy-Insured’ as the Type >> Click Continue >> Close the Documents window.
    • Select Files Attachment
    • 4.4. Click on Attachments.
    • Attachemnts
    • 4.5. Check the box next to the Policy document >> Send the email to the agent as usual.
    • policy documents
  • Important Note:

    To use the Quick Bind feature, the carrier must be set up for ‘Quick Bind’ in EI.

  • policy documents