Epic Intermediaries Helps Broker and Their Municipal Client Reduce General Liability Premiums
Moorestown, NJ (PRWEB) May 28, 2014 -- Epic Intermediaries, known for advising brokers and their municipal clients on effective strategies for lowering premiums for public entities, today announced another successful engagement on behalf of a broker and their municipal client.
A retail broker representing an insurance program for a large municipality was hit with an unexpected renewal increase. Both the broker and the municipality believed that the claims activity did not warrant a premium increase. Their General Liability policy renewal details can be seen below:
- Expiring premium was $552,000 with a $2,000,000 SIR for $5,000,000 limits
- Renewal quoted at $565,000 for same SIR and limits
- The account had a 2 year relationship with the incumbent carrier
- Claims activity was within industry norms which did not warrant an increase in premium
Epic prepared a comprehensive submission, leveraging their long standing carrier relationships, resulting in improved pricing and terms. Epic Intermediaries provided a renewal quote that was 11% lower than the expiring premium at a $2,000,000 SIR. The unique approach used by Epic Intermediaries and tactical collaboration with both the retail agency and the underwriters produced a much better solution for the client. The broker of record had the following to share after renewing their account, "I’m impressed!”
For more information, visit http://www.epicintermediaries.com or call (856) 380-0217.
About Epic Intermediaries
[EPIC Intermediaries, Inc. is a wholesale insurance broker specializing in public entity and self-insured workers’ compensation programs nationwide. Headquartered in Moorestown, N.J., EPIC’s staff of industry experts has the knowledge and experience that retail agents need to deliver comprehensive and cost-effective solution plans.
Ron Cooperman, EPIC Intermediaries, Inc., http://www.epicintermediaries.com/, +1 (856) 380-0217, [email protected]
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