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Posts tagged with liability - liability

Market Spotlight - Program Brokerage Corporation (PBC) Partners with HISCOX NOW®

Author ErinCarlson , 2/13/2018
Program Brokerage Corporation (PBC) is pleased to partner with HISCOX NOW® to offer a quick and easy way to quote and bind small business insurance online, in minutes. Unlike most companies, PBC is one of the select few Wholesalers that have a partnership with HISCOX NOW® and have access to their portal online. 

Through this offering, PBC and Hiscox are providing general liability, professional liability and property insurance through brokers and directly online to a wide range of professional services businesses and artisan contractors. These are admitted products written through Hiscox Insurance Company Inc., rated 'A' (Excellent) by A.M. Best.

Will Buying Commercial Insurance Direct Impact Independent Insurance Agencies?

Author PhillipFloresCM , 12/10/2014

I recently received a piece of direct mail from my personal insurance provider, which is a major carrier, trying to solicit my business insurance. After some digging I found that most carriers are now targeting consumers to buy commercial insurance direct and online—eliminating the independent insurance agents all together. Some of the big carriers offer quotes on their website while others refer you to one of their agents or a call center.

I got curious, how many business owners would actually consider purchasing their commercial insurance coverage direct and why?

After some research I found a study done by Deloitte in July 2013.

Of 751 respondents:
  • 51% said they are very likely or somewhat likely going to purchase business insurance online directly from the insurer.
  • 49% of respondents said they were not likely going to buy online or direct from the carrier.
  • Of the 51% that would purchase direct and online, ¼ of the individuals would expect a discount of 10% or less and 1/3 of the individuals would expect a discount between 11% and 15%.
  • The most popular line of service to be purchased online, of the respondents, is 67% general liability.

With the sudden interest in purchasing commercial insurance direct and online what are your thoughts for the industry? Will it affect independent insurance agents? Will consumers purchase online?

Below is the letter I received in the mail.

RV Park Insurance from Leavitt Recreation & Hospitality Insurance

Author EdwardMurayama , 1/7/2013
A Fireman's Fund Program
Since 1975, Leavitt Recreation & Hospitality Insurance has specialized in providing insurance protection for the RV Park Insurance and camping industry. We offer comprehensive insurance coverages for your buildings, contents, vehicles, equipment, and liability.

Schinnerer to Offer Miscellaneous Professional Liability

Author EdwardMurayama , 10/17/2012

Victor O. Schinnerer & Company, a leading managing general underwriter, is adding to its professional liability offerings with a new miscellaneous professional liability (MPL) insurance program for small businesses.

Schinnerer serves as the access point for retail agents and brokers on the MPL program, which is being underwritten through ACE Commercial Risk Services, an A rated insurer. 

Storefront Highlight: Landscape Professionals Insurance

Author EdwardMurayama , 5/25/2012
Landscape Professionals Insurance
GroundCover™ from Brownyard Group is a new insurance program designed just for Landscape Contractors, including Landscape Gardeners and Lawn Care Service Providers. Based on our extensive experience insuring landscapers as an exposure within our market-leading PCOpro pest control program, we created GroundCover to serve the specialized liability and property insurance needs of landscape professionals.

Workers Compensation Insurance for Small Oil and Gas

Author EdwardMurayama , 5/10/2012
SeaBright Insurance Company offers high quality workers’ compensation coverage for your clients who are small employers in the Oil & Gas industry. We can provide all needed coverages, including US Longshore & Harbor Workers’ Compensation and incidental Maritime Employers’ Liability, in a single policy.