Burlington, VT – The Main Street America Group’s NGM Insurance Company has introduced an expanded workers’ compensation program in Vermont via its network of independent insurance agents across the state.
“Our expanded coverage options and pricing levels in Vermont, available through NGM and two of our other writing companies, will enable 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 throughout Vermont.”
NGM’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 Vermont, the product can be written with Main Street America’s NGM Insurance Company, Main Street America Assurance Company or Old Dominion Insurance Company.
NGM’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 the super-regional carrier’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 Steve Berry, president of Main Street America’s New England Region, headquartered in Keene, N.H. “By adding workers’ compensation to our Main Line BOP and tiered commercial auto products, our Vermont 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 eight more states: Connecticut, Delaware, Indiana, Virginia, Maryland, Pennsylvania, South Carolina and Tennessee. The product was launched in fourth quarter 2014 in Georgia and North Carolina.
Source: The Main Street America Group