PGI Commercial Lines

  CARRIER UPDATE AMTRUST WORKERS COMPENSATION OVERRIDE AmTrust Financial Services is offering 21% new business commission on all Worker's Compensation policies bound through 7/1/2021!  This is effectively an 11% override on their standard 10% WC commission. Criteria for 21% commission: Must be a Worker's Comp Policy Must be New Business (not renewal) Must be $25,000 or less in premium Must be bound with an effective date of 3/1/2021 through 7/1/2021 Must be an AmTrust appointed agent Read more here.

Benefits of Using Carrier Service Centers for  Small Business Clients Many insurance carriers offer service centers for small business clients.   You should be utilizing them... Here's why -  Service Centers: Are an extension of your agency. Offer extended business hours, so your customers have access to live service when your office is closed. Are experts in billing, policy service, processing endorsements, certificates, auto ID cards, etc.  Round out accounts on your behalf. Client satisfaction is higher in carrier service centers than when serviced by the agency staff!!! These services allow you and your team to focus on prospecting, selling, and maintaining the advisory relationships with your clients.  Which leads to more opportunities, more sales, and higher retention for your agency... ergo faster growth! Here's a link to a short (1 min / 40 sec) video for Liberty Mutual's Service Center, with agent testimonials:   ***Note, many carriers of...

  CARRIER UPDATE - CHUBB CYBER ENHANCEMENTS Chubb Small Business is pleased to announce new enhancements to the Chubb Marketplace! Now, when completing a Cyber Enterprise Risk Management (Cyber ERM) or DigiTech ® Enterprise Risk Management (DigiTech ® ERM) quote on the Chubb Marketplace, you will be able to easily assess your small business customer's cyber exposures with the Chubb Cyber Index ® . The Chubb Cyber Index provides real-time insight into diverse cyber threats and how they may impact different businesses based on their company size and industry. This interface gives you the tools to help your small business customers understand the potential costs of a cyber incident by sharing industry-specific cyber scenarios, forecas...

 COVERAGE INSIGHTS A terrific 3 minute read on Business Income & Extra Expense coverage. Click here:  Are You Covered in Case of a Business Interruption?

COVERAGE INSIGHTS An oldie, but a goodie in explaining basic commercial policies -  Click here:  The Seven Insurance Policies for Small Business

CARRIER UPDATE - OVERRIDE LIBERTY MUTUAL Liberty Mutual is offering a 5% override, on top of the ongoing 2% override,  on Small Commercial in Q2 2021! THAT MEANS 7% ADDITIONAL COMMISSION IN Q2!

 CARRIER UPDATE - USLI - APPETITE These are the Co mmercial Non-Profit Industries USLI is having the highest hit ratio / binding success: Social Services  Animal Shelters/Rescues, Counseling/Mental Health Services, Youth Programs including Home School Co-Ops and After school programs, Residential Housing, Food Banks/Soup Kitchens, Youth Centers, Community Centers and Thrift Stores. We can offer a package and include Professional Liability and Abuse and Molestation. Charities and Business Association Guard Support Groups, Chambers of Commerce, Foundations, Parent/Teacher Organization and Charitable and Fundraising organizations. Blanket Special Events Endorsement :  This past year many events were cancelled due to the pandemic.  Our blanket special event endorsement allow these organizations to keep coverage for their events all year without the hassle of scheduling or rescheduling cancelled events.    Houses of Worship Comprehensive coverage sp...

  CARRIER UPDATE - OVERRIDE - CNA CNA is offering a 5% override on Small Commercial through the end of 2021! The following lines of business are eligible for the override: CNA Connect Worker's Compensation Commercial Umbrella This override will be paid in Q1 2022 as a lump sum on written premium bound in 2021. CNA SMALL BUSINESS HIT LIST

  Important Legislative Update     Potential Pinnacol privatization The bill to separate Pinnacol from the state will be introduced today and faces certain death in its current form. House leadership would not allow any Democrats to sign on as co-prime sponsors and stated Monday their opposition to the bill this year. Their reasoning was primarily that the state no longer faces a fiscal crisis, so it does not need to divest its interest in the company. They also indicated concern about the state being left without a carrier of last resort (which reflects a ...

 CARRIER UPDATE Stay up to date on Liberty Mutual... ________ To view this email as a web page, go here.   March 2021 With professional development in high demand, we're happy to offer Liberty Mutual Knowledge Bites . ...