Green Business Insurance, Inc. Offers Commercial Insurance To Green Businesses

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Green Business Insurance, Inc. is an independent insurance agency that focuses solely on providing property and casualty insurance services to green businesses. Pat Thompson, CPCU, President of Green Business Insurance, Inc., believes green businesses are an excellent market for insurance companies to pursue with superior rates and coverage because green business owners and employees are inherently very good risk managers therefor less likely to report an insurance claim.

Green Business Insurance, Inc.

after a loss, our goal is to repair or replace the policyholder's damaged property with a green product. Settling a property insurance claim with a more energy-efficient, organic or green product is a responsible way to do business and makes a lot sense to us. I am also developing additional green coverage enhancements I believe our insureds will find valuable.

Green Business Insurance, Inc. is the nation's first independent insurance agency to focus on the unique property and casualty insurance needs of green businesses according to Pat Thompson, CPCU, President.

"Green businesses, of all types, are important to the future of our nation's economy and environment and we are excited to help manage their exposure to loss by providing tailored insurance coverage and pricing to meet their needs." Thompson, a twenty-year insurance industry veteran, also believes green businesses represent reduced risk to insurance carriers therefore are deserving of lower insurance rates noting that,"research suggests green business owners and employees, in general, are acutely aware of the relationship between behavior and consequences. They understand daily work-habits and decisions have an impact on the environment, profitability and insurance claims.

This is a highly desirable characteristic in the commercial insurance underwriting/pricing process." Thompson also said much of his time is spent being an advocate for green businesses by convincing insurance companies to think "outside-the-box".

"Insurance companies tend to be reactionary -- concentrating more on past underwriting results not looking for tomorrow's opportunities. When I first approach an insurance company with my green insurance model, I usually get a blank stare. However, after presenting, they realize this is a market segment they should go-after. How well an insurance company responds is a matter of their culture," Thompson said.

When asked about green policy coverage features, Thompson remarked, "after a loss, our goal is to repair or replace the policyholder's damaged property with a green product. Settling a property insurance claim with a more energy-efficient, organic or green product is a responsible way to do business and makes a lot sense to us. I am also developing additional green coverage enhancements I believe our insureds will find valuable." Thompson went on to say green businesses of all types will benefit from Green Business Insurance. "Virtually any type of green business such as building owners, hotels, restaurants and general offices will benefit from our services and we also hope to motivate 'standard' businesses to 'go-green.'"

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