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Commercial Auto Overview
The Commercial line of business gives you a fully functional example of the Commercial Auto product models, rating procedures, and business processes for quoting and issuing policies.
You can use the models and processes as a reference to develop your own product models and business processes or extend them and make them your own.
Product Models and Rating Procedures
The product model and the rating procedure that calculate prices for Commercial Auto at runtime underpin all the business processes.
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Product Model: Commercial Auto
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Rating Procedure: CommercialAutoRating
The product model provides the structure for the data JSON that moves through the business processes. The Commercial Auto product model is single-instance, which means that we intend customers to insure only one business per policy. All coverages have been designed to be configured at the policy level.
To learn more about the product model, see Commercial Auto Product Model.
The rating procedures take information from the prospective customer (that becomes attribute values in the data JSON) during quoting business processes. The procedures calculate the prices for coverages, then the product model rating simulation rolls up those prices and calculates the total premium.
To learn more about these rating procedures, see Commercial Auto Rating.
Business Processes
This process guides prospective customers (and agents and brokers helping those prospects) to get a rated quote for a business product:
To use these features for business owners insurance, request a reference org for Property and Casualty.
What's Next
Now that you've got a high-level intro to the Commercial line of business, look at the Commercial Auto Product Model.
- Commercial Auto Product Model
The Commercial Auto product is a single-instance product model that lets businesses create quotes for multiple vehicles that are tied to a single location. - Commercial Auto Rating
When we quote and endorse Auto products, our pricing services use the product model data, product rating procedure, and pricing formulas. The services use these components to price the coverages, vehicles, and total premium. - Create a Commercial Auto Quote Using OmniScript
Add details to create a quote for a Commercial Auto Policy with multiple vehicles associated with multiple locations.
