3 New Ways to Write More Business — Starting Now!
1. Expanded Office Class STP: Less Friction, More Speed
We’re expanding the list of Office class codes eligible for straight-through processing (STP), so you can quote and bind faster — no underwriting review required.
- Quicker Quotes: the STP rate has improved from 63% to 80%, leading to faster turnaround
- More Classes: 71 new NAICS codes are now eligible, providing more quoting opportunities
- Faster Decisions: A streamlined quoting and binding process helps you sell more and wait less
- Better Margins: Less friction allows you to generate more business and boost profitability
Eligibility Snapshot:
- Owned buildings: Built in the last 75 years and updated within the last 30 years
- Tenant-occupied buildings: Under 100 years old
- Total insured exposure typically under $3M
- Umbrella limits of $2M or less
- No prior carrier cancellations
- Low frequency/severity of loss history
- Building insured to current value
2. Enhanced Investment Credits on Office Risks: Up to 45%
Additional investment credits are now available on eligible Office accounts, depending on the region. This means more competitive pricing.
3. More Monoline Workers’ Compensation Classes: Now Available
Quoting Workers’ Compensation on a standalone basis is even easier. We’ve expanded our monoline WC appetite, giving you more options to diversify your book.
📄 View the full list of eligible classes and industries in the updated Monoline WC Appetite Guide.
Let’s Grow Together
These updates are part of our ongoing commitment to make business easier, faster, and more profitable for you. Whether you’re quoting Office or WC, Westfield is making it simpler to say yes.
Questions?
Your underwriter or sales contact is here to answer questions and help you identify opportunities in your book that can benefit from these enhancements. Contact them today!
Sincerely,
Your Westfield Small Business Team