Insurance Underwriter how-to

How to Underwrite a Small Business Policy

Good underwriting balances growth and risk.

Updated By the Career Education Institute Curriculum Team
Quick answer

Good underwriting balances growth and risk. In short: review; check; review, then complete the remaining steps below.

Step by step

  1. Review the application.

  2. Check loss runs.

  3. Review inspection.

  4. Compare to guidelines.

  5. Price the risk.

  6. Set terms and quote.

Safety reminders for insurance underwriters

  • Protect applicant data
  • Follow anti-discrimination rules
  • Follow state insurance rules
  • Report suspected fraud

Underwriting · Premium · Loss run · Exposure · Deductible · Exclusion: see the full insurance underwriter glossary.

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