Jacksonville, FL -(BusinessWire)- The Main Street America Group, a super-regional property/casualty insurance carrier, has introduced an expanded workers’ compensation program via its network of independent insurance agents in Georgia and North Carolina.
“These new options also open our workers’ compensation market to a broader mix of business lines beyond contractors. This includes small businesses in the retail, offices, services, manufacturing and wholesale classes.”
“The expanded coverage options and pricing levels of our expanded workers’ compensation product, available through our additional writing companies, enables us to more precisely match risk to rates and offer our customers more attractive rates on preferred business,” said Dan Gaynor, Main Street America’s vice president and head of commercial lines. “These new options also open our workers’ compensation market to a broader mix of business lines beyond contractors. This includes small businesses in the retail, offices, services, manufacturing and wholesale classes.”
Main Street America’s expanded workers’ compensation product considers 10 characteristics that impact company placement, including ones the Company has not used before such as number of owned vehicles, years in business and number of nonpays in prior billing cycles. Once these characteristics are applied to a risk, it will then be placed into one of three writing companies, which vary by state.
In Georgia, the product can be written with Main Street America’s Old Dominion Insurance Company, Main Street America Assurance Company and NGM Insurance Company. It is available in North Carolina through Main Street America’s NGM Insurance Company, Grain Dealers Mutual Insurance Company and Main Street America Assurance Company.
Main Street America’s expanded workers’ compensation coverage can be paired with its Main Line Business Owners Program (Main Line BOP) — a robust small business product that offers a wide range of coverages, including many not available in competitor’s products — as well as Main Street America’s tiered commercial auto program
“Quoting and writing the product is easy due to enhancements we have made to our Main Street Station commercial lines policy processing system,” said Gregg Effner, president of The Main Street America Group’s Southeast Region. “By adding workers’ compensation to our Main Line BOP and tiered commercial auto products, our Georgia and North Carolina agent-customers can meet all of their commercial insureds’ needs with one financially strong carrier.”
Throughout 2015, Main Street America plans to introduce its expanded workers’ compensation program in nine more states: Connecticut, Delaware, Indiana, Vermont, Virginia, Maryland, Pennsylvania, South Carolina, and Tennessee.