Critical Information for the Property & Casualty Insurance Market
P&C Updates                                               June 8, 2020
AXIS / Home Based Business Package

AXIS Insurance Company introduced their new Home Based Business Package Program effective May 2020. This product includes coverage for General Liability, Professional Liability, Cyber, Personal Property and Crime. Coverage is designed for small insureds with 5 or fewer employees, annual revenues of $1.0M or less and their business based out of their residence. 

Chubb / Crime - Chubb Primary

Federal Insurance Company introduced their new The Chubb Primary Commercial Crime Program effective May 2020. This product is designed for public companies, private companies, condominiums & homeowner associations, and other non-profit companies.

Farmers / Community Association Management

Farmers Insurance Group introduced a new Preferred Community Association Management Coverage to their Businessowners Program effective September 1, 2020. This form will provide an expanded range of coverages for associations.  

Doctors Company / P&S

The Doctors Company increased rates 9.90% overall to their Physicians, Surgeons and Ancillary Healthcare Providers Professional Liability Program effective August 1, 2020.