This is the process of choosing which risks for insurance will be acceptable to the company. The the amounts are determined and the terms of how the insurance company will take this business.

Each insurance company will have certain classes of insurance that they prefer to take. One way an insurer reduces the amount of a certain type of business they have is to price it high with hopes that brokers will choose a different insurer.

An underwriter works with the information supplied by the broker or agent. How well your case is presented can affect the rates you will receive. For a business with an excellent safety program, an alarm system installed and a proven track record the rates will reflect the insurer's eagerness to have this business.

If your broker or agent is your partner in insurance you will find yourself with the coverage you need with a competative rate. Whether the economy is strong or weak, the effort you put into finding the right insurance will pay in the long run.