Set up risk options

When working with risks, users have a few options in the Lines module:

  • The number of risks on a policy.
  • The numbering of risks.
  • The naming conventions of risks.

Set the number of risks allowed on a policy

For each policy type, you can set the number of risks allowed on a policy.

To set the number of risks allowed on a policy:

  1. In the BriteCore menu, select Lines.
  2. On the Effective Dates screen, select the applicable effective date.
  3. On the Policy Types screen, complete the following steps:
    1. In the Select State or Province dropdown, select a state or province.
    2. Navigate to the applicable Policy Type, and then select Edit .
  4. On the Details screen, navigate to the Allow Multiple Properties for this policy type setting, and then complete one of the following steps:
  5. If you want only one risk per policy, ensure the setting isn’t selected.
  6. If you want more than one risk per policy, select the setting; then, in the Maximum risk count box, type the maximum number of risks each policy can have.

Risk numbering and naming

Users can use the complex_risk_naming setting, which automates risk naming, to create a naming convention for adding risks to a policy.

Example: For property insurance, the risks are properties. Using the complex_risk_naming setting, users can add one auto-incrementing count to the naming convention, which can be useful for policies with multiple risks.

To use the complex_risk_naming setting:

  1. Log in as an Administrator.
  2. In the BriteCore menu, select Settings.
  3. On the Settings screen, select Advanced.
  4. On the Advanced Settings screen, in the Search for a Setting box, type complex_risk_naming.
  5. In the complex_risk_naming box, in the Setting Value box, type the name of the risk.

Example: Location {}, Building 1