Build a quote-bind-issue API flow for embedded small-commercial insurance

Steps

1. Design the intake API to accept minimum viable business data: business name, address, industry class code (SIC or NAICS), years in business, annual revenue, and desired coverages (BOP, GL, WC).
2. Map the intake data to your rating engine's risk classification inputs; invoke the rating API to retrieve an indicative premium and coverage options for each requested line.
3. Expose a /quote endpoint that returns structured quote objects (quoteId, premium, coverages, limits, effective date, expiration date) with a configurable TTL (typically 30 days for small commercial).
4. On bind request, validate the quote is still within TTL, run any required MVR, CLUE, or business credit checks via third-party data APIs, and apply any underwriting rules that were deferred at quote stage.
5. Issue the policy by POSTing the bound quote to the policy admin system's policy-issuance endpoint; receive the policy number, declarations, and billing schedule.
6. Return the policy number, effective date, and document download URLs to the embedding partner via webhook or synchronous response; trigger delivery of the dec page to the insured.