InsuranceBee and Hiscox launch insurance agent partner program

InsuranceBee and Hiscox launch insurance agent partner program

Agent portal provides instant access to markets with no fees, long-term contracts, or quotas A new insurance agent partner program is being launched today to give independent agents instant access to general liability, professional liability and business owner’s policies. The program, ‘InsuranceBee for Agents’, is a partnership between Hiscox and small business insurance broker, InsuranceBee, and will cover more than 180 professions. The easy-to-use portal enables agents to quote and bind online within minutes, with competitive commission rates which are earned for the lifetime of the policy. Benefits to agents…

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Statewide brings contractor insurance services into Washington state

Leading general liability insurance, commercial vehicle coverage, workers compensation and bonds provider for contractors, Statewide Insurance Brokers, has announced that it has broadened its contractor insurance offerings to include Washington State. The insurer has been providing these products to thousands of contractors of all forms from painters to electricians, since 1995. Today, Statewide Insurance is operating in seven states – Nevada, Oregon, Texas, Virginia, Washington, Minnesota, and California – but has plans for widening. According to one of the company’s senior underwriters, Lana Matar, demand is what is fueling their…

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New regulations in New York make for impossible contractor insurance requirements

New insurance regulations are slated to go into effect in New York City next week, leading many insurance agents to warn contractors in the City that it may be too late to obtain increased coverage. The City’s Department of Buildings has made changes to the requirements associated with general liability coverage. Effective June 13, insurance policies that do not cover liability for completed work, explosions, collapses and other catastrophic events will be prohibited. Several of the new regulations will make it nearly impossible for the majority of contactors in the…

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Commercial insurance rates may be on the rise due to 2010 losses

Premiums for commercial lines of insurance are still low, mainly due to an increased amount of insurers offering coverage, and the low amount of consumers looking for providers, and not making claims. Most small and midsized business rates remained the same, while some large companies saw minor decreases. The last two years have been relatively calm for most states, as far as natural disasters go; compared to losses that have occurred in previous years. This has created an increase in capital that insurance companies have had to work with when…

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