Newsletter May 2016

Did you know…

SIAA MarketFinder is a resource created by Alliance Program Services, a member of the SIAA family of companies, exclusively for SIAA member agencies.

MarketFinder’s Specialty Insurance Programs offer SIAA Member Agencies a wide variety of specialized coverage for their personal and commercial clients. Our carrier partners are selected for their experience, expertise and financial strength.

Market Finder provides full support to SIAA members in the form of program consultation and strategy, marketing support, and where warranted- agency branded promotional materials. MarketFinder exists to ensure SIAA agencies achieve the results they expect.

Some of the programs offered are; Cyber Liability Insurance, Food Delivery, Sports & Fitness, Boats & Yachts, High Net Worth, Cranes & Rigging, Convenience Stores, Commercial Auto Pro grams (Trucking), Coastal & Vacation Homes, Vacant Buildings, Drycleaners & Laundry Services and Coin Operated Laundries to name a few.

Market Finder is located in and is easy to find. Just click on the Market Finder Tab and Click on SIAA Market F inder. Then click on the program you want to access for details of the program and contact information. Market Finder is continually refining coverages in commercial lines for businesses, niche and specialty markets.

Let us help you round out all of your accounts and become a million dollar agency!

Property Management – Employers Landscaping – Hartford
Residential Remodeler – Pinnacol
IT School – Travelers
Photo Equipment Repair – Hartford
Concrete Contractor – Pinnacol
Insurance Agency – Guard
Apartment Building – Guard
Lessors Risk – State Auto
Restaurant – Guard
Restaurant & Food Cart – Travelers Supermarket – Liberty
Artist – Hartford
Electrical Mfg – Hartford
Alarm Service/Sales – Allied
Silk Screen Printing – Amtrust
Auto Repair – State Auto
Asian Market – First Comp
Craft Supply Store – Hartford
Auto Repair – State Auto
Law Firm – Guard

Commercial Highlight:

Equipment Breakdown Coverage: Equipment Breakdown Insurance pays for financial loss incurred when equipment breaks down suddenly and accidentally. Equipment is subject to unique hazards such as power surges, short circuits, centrifugal force, motor burnout, and mechanical breakdown. Equipment breakdown insurance covers equipment accidents from these risks of loss. It pays the cost to repair or replace damaged equipment. It can also cover business income losses and the costs incurred to speed restoration of business operations when breakdown interrupts operations. Because standard property policies don’t cover equipment breakdown you need to ask to make sure it is included. Also, tenants face an equipment breakdown risks. They still have equipment such as phone systems, fax machines, computers, air conditioners and an electrical system. These types of equipment do fail and even a modest loss can be painful to a business. Their lease may also make them responsible for other equipment that services their premises. Lastly, operations and income are dependent upon equipment of others. If the electrical, heating or cooling system of the landlord broke down, the interruption of those services can impact them. The right equipment breakdown coverage can protect them in this case.

Personal Lines Highlight:

Discounts: Discounts can provide a competitive edge when quoting homeowner and auto policies and may make a difference when quoting an account. Discounts that apply primarily to auto policies and are often missed are the insureds occupation (a savings of $200 to $300 in some cases), future effective dates, educational discounts, and good student discounts. Discounts that apply primarily to homeowners policies are occupation, protective device discount, loss free and multi-policy discounts and can easily be overlooked. Make sure you are asking about these items when meeting with a client. It can save them money and make you money by getting the sale.

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