CNA and Your Technology Business CNA recently presented a Webinar discussing their Technology Business coverages and it was exciting!  Since technology is the present and future of almost all aspects of life, this market will only continue to develop and grow offering an expanding need for commercial coverages to those businesses working in the Technology field. CNA is setting their coverage apart from the competitors in this market: Technology companies often provide more than one product or service, so CNA covers multiple products with one professional policy that covers all operations. Offers General Liability as well as E&O coverage for the Tech Industry No Exclusion for delay in delivery No support or maintenance exclusion – Hardware and software have support and maintenance lives. Customers don’t always upgrade to latest versions before support or maintenance stops. No exclusion for unauthorized access and use No exclusion for mechanical or electrical failure How to Find Prospects Chicago is now becoming known as the next area for new tech startups so try looking for new businesses as well as established businesses. When searching for prospects on the internet, try using the following [...]

Safeco Insurance Company has been protecting families since 1923 and will continue to be there into the future.  Safeco is backed by the financial strength of Liberty Mutual insurance, who is ranked on the Fortune 100 list of the largest U.S. corporations. With a comprehensive range of insurance coverage and expert advice from your local independent agent, Midwest Insurance Brokerage Service Inc., Safeco makes it simple to protect what’s important to your clients. Unlike many insurance companies, Safeco has the ability to write monoline policies for Home, Auto, Dwelling Fire, Motorcycle, Watercraft, and RV. Safeco offers multiple coverage levels and options for home, auto, Watercraft, RV, Motorcycles and Pets! Safeco Personal Auto Product Safeco’s basic personal auto product includes added features as well as low cost endorsements with additional benefits. Safeco's Basic Auto plan includes: Deductible waived if insured has a collision with an existing Safeco or Liberty Mutual Customer Flexibility to choose between a 6 month or an annual auto policy. Additional savings when combining home and auto Endorsements that can be added to the Basic Auto coverage: Optimum Package Plan This is a top of the [...]

Who is CNA? Founded in 1897, CNA is the 8th largest U.S. commercial and casualty insurance company, with approximately 6,500 employees serving businesses and professionals in the U.S., Canada, Europe and Asia. Financial Strength Ratings M. Best: A (Excellent) Standard & Poor’s: A (Strong) Moody’s: A3 (Good), with all rating outlooks stable. In addition to their broad appetite for business risks, CNA focuses on construction, manufacturing, technology, healthcare, professional services, financial institutions, real estate and small business. The breadth of their product portfolio enables CNA to provide customized insurance solutions that anticipate and address our customers’ risks. Claim and risk control excellence. CNA services will help you better understand your risks, reduce loss costs, restore your operations and increase productivity. CNA’s Risk Control specialists were the first in the industry to be awarded the UL Recognized Risk Engineer professional designation.   Appetites CNA is Most Successful In Technology Life Sciences Architects & Engineers If you have a business that you are not certain will be considered by CNA, send an email with the business name, brief description of the business and website address to:  commercial@midwestga.com for a quick [...]

Karen Milazzo (P&C Manager),   Perry Camodeca (Vice President MIBS) and Kelly Pottle (PHLY Marketing Rep.) Philadelphia Insurance Companies New Carrier, New Market, New Opportunity We couldn’t believe how many times Kelly Pottle said “yes” at our Philadelphia Insurance Companies’ event July 20th here at MIBS.  There was an occasional “no”, but once you see their appetite list, you will understand how it could really expand your business opportunities. “Do you accept daycares or schools?”    Yes “How about a craft brewery?”                 Yes “Will you consider Fuel dealers?”            Yes “What about home healthcare?”            Yes The PHLY event was presented by Kelly Pottle, a marketing representative from Philadelphia Insurance Companies who described herself as a PHLY baby.  Since her father is a long time employee of PHLY, Kelly attended their events as a young child, interned there during her college years and ended up working there after college. Benefits from working with PHLY: Dedicated local team 120+ niche products Financial stability: A++ A.M. Best rating Able to quote off of competitor’s applications Award winning Customer Service Department Quick response Access to user friendly website at www.phly.com [...]

Philadelphia Insurance Co. is headquartered in Bala Cynwyd, PA, and is a member of the Tokyo Marine Group, Japan’s oldest and leading Property/Casualty insurer and one of the 10 largest insurance groups in the world. 1 Rated “A++” (Superior) by the A.M. Best Company Since 2012, the Better Business Bureau rated “A+” (Highest) rating based on the low number of complaints PHLY’s customer service team has earned 9 Stevie Awards since 2012 for Customer Service Has a 94.5% overall customer service satisfaction Winner of 2017 Ace Award for Judges’ Choice Award for Business Impact which recognizes companies that exhibit exceptional results from their customer experience program Founded by James J. Maguire, Sr. originally as the Maguire Insurance Agency, it began operating as the Philadelphia Ins. Co. in 1987 and two years later started offering insurance to non-profit social service agencies and health and fitness clubs – two niches which remain at the core of its business today. Philadelphia Insurance Co. offers appetites that are new to MIBS expanding your ability to write new commercial business. Below is a sample of [...]

Across the industry, personal lines auto insurers are increasing their premiums.  Consumers are feeling the pain of these increased premiums, even if they have a claims free history.  Why? Both Safeco and Travelers provided the following reasons: In 2015, the U.S. set a new car sales record of nearly 17.5 million vehicles in 2015 and these newer vehicles with their advanced technology are more expensive to repair. 1 There was a 3.5% increase in total miles driven in 2015 resulting in a larger number of car accidents. 2015 brought the largest single-year increase in driving related deaths since 1966. Per Travelers, we are on track for a two year increase of 18%. 3 Because of medical inflation and increasing claim complexity, injury costs are rising by 5 to 6 percent. 4 Distracted driving is increasing. According to the National Highway Traffic and Safety Administration, fewer people are talking while driving, but more are texting and surfing the web. 5 The average 10-Year U.S. Treasury Bond has yielded 2.6% since 2008, but is now a paltry 1.7% as of May 2016. Insurance companies reinvest their profits in bond markets so [...]