Frequently Asked Questions

Here are some common questions agents ask. If you have any other questions, please don't hesitate to call our service center or email us at [email protected].

Hiscox NOW Program & Product Questions

Do I need to be appointed with Hiscox NOW?

No, you do not. As long as you’re appointed with your wholesaler, you can start quoting and binding Hiscox NOW policies today.

What is your A.M. Best rating?

Hiscox Insurance Company Inc. is the carrier on all Hiscox NOW products and is rated 'A' (Excellent) by A.M. Best

How long has Hiscox been in business for?

The Hiscox Group is a global insurer with over 100 years' experience in insuring businesses.

Are all Hiscox NOW policies written on an admitted basis using ISO products? 

All Hiscox NOW policies (PL, GL and BOP) are admitted products. Our GL and BOP policies are ISO-based forms. 

What are your minimum premiums?

Our minimum premiums vary by policy type and aggregate limit. Premiums start at:

  • Professional Liability (PL): $270
  • General Liability (GL): $350
  • Business Owner’s Policy (BOP): $500
Will Hiscox ever communicate directly with my client?

Hiscox NOW respects the relationship between you and your client. We will only contact your client directly regarding their existing policy (policy documents, renewal notifications, billing issues, etc.) and you will always be copied in on these emails. 

Why choose Hiscox NOW?
  • Fast and Simple: Get a quote in minutes online or by phone
  • Broad Appetite: Same-day coverage for 150+ professions.
  • Instant Binding: Policy documents are emailed immediately.
  • Direct Bill: Hiscox handles all servicing and billing.
  • Automatic Renewal: Earn commission for the lifetime of the policy.
Why do I need to come through a wholesaler to access Hiscox NOW?

We only offer Hiscox NOW products through an exclusive arrangement with select wholesalers and therefore do not appoint individual retail agents.

Quoting Questions

How do I get a quote and how long does it take?

You can quote online or by phone in minutes! Once you receive a quote with a premium, it is automatically 'approved' based on the information you provided and it's instantly bindable!

How do I save a quote to present to my client at a later time? 

Before you exit the journey, simply click the “Save” button at the bottom of the screen. It will prompt you to create a username (email) and password to retrieve all saved quotes, if you haven't already done so. If you already have a username and password, enter it at this time.

How do I share the quote with my client?

You can download the quote proposal on the quote page and email that to your clients. All of the calls to action direct your client to contact you for questions and to purchase.

Will Hiscox send the quote directly to my client?

No, Hiscox does not share the quote with your client. We only contact your clients directly, copying you, in regards to their existing policy. 

How do I view all of my pending quotes?

You will receive an email every Monday morning with a list of all of your pending quotes from the past 30 days. You can also login via the 'Retrieve Quote' link on the homepage anytime to access quotes you manually saved.

Purchasing & Billing Questions

Do you offer same-day coverage?

Yes, we do. You can quote online and purchase coverage with the same-day effective date all in one day!

Is there a paper application we can print to have our clients sign? 

Hiscox is completely paperless so you’ll need your client to verify that all information you entered online is correct and that your client agrees to enter a binding agreement with Hiscox Insurance Company Inc. If your agency still requires a physical copy, you may print the application summary page of your quote and have your client sign that.

What forms of payment do you accept and are there any financing options available?

Hiscox NOW accepts credit and debit cards (Visa, Mastercard, American Express). We offer annual or monthly payment plans with no additional fees, so financing options from premium financing companies are not needed.

Are all Hiscox NOW policies Direct Bill?

Yes, all Hiscox NOW policies are direct bill.  So if your client's credit or debit card doesn't go through one month or upon renewal, we will contact them directly and copy you in on those communications. 

What is the commission rate for NOW policies? 

We pay commissions to your wholesaler who in turn pays them to you. Questions about commission should be directed toward your wholesaler representative

Servicing & Renewal Questions

How will I know if my client contacts you to add or change their policy?

If your client contacts Hiscox and adds or makes a change to their policy, we will copy you on the e-mail containing the documents supporting the policy change.

If my client calls the Hiscox service center and happens to add additional policy, will I be compensated and listed as the agent of record for the new policy?

Yes. If you are the agent of record and your client calls our service center and happens to add an additional policy, you will remain the agent of record and receive commission from your wholesaler. 

How do renewals work?

Our policies automatically renew using the payment method used at time of purchase. You and your customer will be emailed copies of the policy documents and new terms in advance of the renewal date (typically 45-60 days in advance).

When a policy that’s on a monthly-pay plan renews, does Hiscox take a 2 month down payment again?

No, we will only charge the standard monthly rate upon renewal. A two-months down payment  is only required at the initial policy inception date.

How are claims handled?

Claims are handled directly by our Hiscox claims team. You or your client can report a claim online anytime.

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