Nested risk types are based on a parent-child relationship, but in Lines, nested risk types create a non-inherited hierarchy, meaning the child is only associated with the parent and doesn’t inherit any data or properties from the parent.
Example: If Violations (child risk type) is nested under Driver (parent risk type), then adding violations to a quote will automatically associate them with the driver.
To add a nested risk type:
- In the BriteCore menu, select Lines.
- In the Lines of Business list, select the applicable line of business.
- On the Line Overview screen, select the applicable product.
- On the Product Overview screen, in the Policy Information box, select Add a Risk Type.
- In the Create Risk Type dialog box, complete the following steps:
- In the Label box, type the name of the risk.
- Select the Reference Name box to auto-populate a reference name based on the risk type’s label.
Note: You can change the auto-populated Reference Name to fit your needs.
- In the Description box, type a description of the risk type.
- In the Parent Risk Type dropdown list, select the parent you want to nest the risk type under.
Note: The risk type you’re adding will be associated with the parent but won’t inherit data or properties from the parent.
- Select Create Risk Type.
The risk type you added appears in the Risk Types list.