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Especially for Agents & Brokers
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/ Agents & Brokers
Working with Intercorp
Intercorp strives to meet the insurance needs of our clients requiring coverages and solutions
not readily available in the general marketplace. Coverage may be offered through admitted or
non-admitted insurance companies. Each of our programs is set up to utilize the best structure
available—standard market, a risk purchasing or risk retention group, a captive or other
alternatively funded program.
All programs on this site are open to independent insurance agents.
Intercorp welcomes submissions from agents and brokers on behalf of their clients for
consideration for coverage under our programs. The unique nature of our program offerings
may result in situations where the insured contacts Intercorp directly for placement. In
these cases, we will act as agent for the insured.
Frequently Asked Questions
Are there any volume requirements for new agents?
No. We hope that our products and service will lead you to place your business with us, whether
you write one or a hundred of our target accounts. Our goal is to provide fast, friendly service
to all of our agency partners, and build long-term relationships that help our agents write
more business.
Do I need to fill out an application and/or sign an agreement to work with Intercorp?
We do not require a time consuming contract or “survey” be completed. We do require the following:
- Complete our one-page Broker Agreement with required signature.
(Download a copy here.)
- Send us a copy of your broker/producer license (you must be licensed in the jurisdiction
where your insured is located).
- Send us a copy of your E & O policy declaration page (minimum limit of $1,000,000).
Procedures for placement and payment of commission are those generally practiced in the
wholesale insurance community. We encourage you to ask any specific question you may have
before coverage placement. Intercorp reserves the right to decline submissions from agencies
that fail to comply with our underwriting, submission, or payment policies.
What commissions does Intercorp pay?
Commission rates vary by program. We will endeavor to specify the commission on all quotes.
If there is any question, please ask.
In what states are programs written?
Most of our programs are available in all 50 states.
What type of applications are required?
Applications are available on this website for program business. For individual account
underwriting (for example, environmental liability that is not part of a program) we will
advise what applications, loss history, and financial information are required.
Does Intercorp direct bill insureds?
No. When working with agents, we require payment from the agency. Each transaction will
be individually billed to the agent, less agency commission.
Does Intercorp offer financing?
Yes, financing is available on most accounts through a premium finance company, or you can
arrange for premium financing on your own.
Do I report claims to Intercorp?
Yes. While insureds must follow the claims reporting requirements as outlined in the policy,
all claims on Intercorp program business should be reported to us as well.
May we issue certificates of insurance?
Please contact us before issuing certificates. After reviewing the situation, we may authorize
the issuance or send from our office.
What is a Risk Purchasing Group?
A Risk Purchasing Group (RPG) is a group of insureds with similar liability risks that
forms an organization to purchase liability insurance on a group basis. An RPG is not an
insurance company. The RPG may use unique forms and pricing, while being exempt from certain
state insurance requirements. Our Dry Cleaner Environmental and Real Estate Appraiser programs
are written through risk purchasing groups.
Intercorp seeks to build long-term relationships with agents and brokers who place business
in our programs. We welcome your feedback, questions, or comments by completing the
Contact Us form, emailing us at
info@intercorpinc.net, or calling us at 800-640-7601.
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