Services for Underwriters

NER works with member insurers and underwriting professionals to ensure that NER’s services are best used to facilitate the underwriting process.

NER provides searches for underwriters so that, prior to accepting a risk, they can ensure that a piece of equipment is not registered as stolen or that the information provided is accurate.

NER allows policyholders to submit, access and amend ownership data via secure online forms. This improves the accuracy of underwriting information, increases the speed and accuracy of loss reports, allows recovery (even in the absence of a loss report) and indicates that the policy holder may be a better insurance risk than one who does not record ownership with NER.

NER provides owners with decals that clearly indicate that equipment has been registered on a national database that is accessible by law enforcement and searched against used-equipment sales, thereby deterring equipment theft. The NER database also allows owners to record any owner-applied identification markings and their location to aid in the positive identification of recovered equipment. Decals also indicate that rewards may be given for information leading to recovery (see page 12).

NER provides insurers with a detailed report of their loss statistics and a compilation of industry loss statistics to allow for the analysis of loss ratios and risk management techniques.