Locations

Locations exist on both the account and policy.

Locations are physical places that policies define and contractually enforce. Nearly all lines of business contain information concerning locations. For example, a workers’ compensation policy contains the company’s main location. It also contains three additional locations for the company’s warehouses. In PolicyCenter, you can create and edit locations from the account level and share them across all the policies on the account.

In the insurance industry, locations are only legally enforced on the policy. Typically, you entered location information on the policy during a policy transaction, such as a submission, or a policy change, or a renewal. This process meant that if you used the same location across different policies, you had to reenter it each time. There was no linking between locations that represented the same location on different policies. In PolicyCenter, you can define and edit locations at the account level in the Account file in the user interface. The many benefits include consistency, ease of maintenance, less redundancy, and fewer errors. You can also create and modify location information on the policy level and have location information propagate to the account and to other non-bound policy transactions. Most location information is shared across policies. An update to the shared information propagates across all unbound usages of a location. Other information is policy or usage specific, and does not propagate to other policies.