Rockford Mutual is introducing CyberWay cyber liability coverage, an endorsement built to protect your commercial insureds against cyber threats. Virtually all commercial risks have some type of cyber exposure today, and they are confident that this coverage will help protect your commercial insureds from devastating cyber attack losses. CyberWay will be automatically included on all BOP and GL (both monoline and package) policies with all new business effective 8/1/19 and renewals renewing 9/15/19 and later. Know that this additional coverage may impact the rates on these policies so be sure to contact MIBS directly at 847.631.6658 with any questions or concerns. Rockford Mutual Insurance Company’s CyberWay Insurance provides a package approach to insurance that includes both first party and third party coverage. Click below for an additional look at this very important coverage.  Click Here for Coverage Information The Retroactive Date will be the first date that Cyber Liability Insurance is added to a Rockford Mutual Business Owners policy or Commercial Package policy. If coverage is modified mid-term, the retroactive date remains the same. In some cases where the insured currently holds a cyber policy [...]

Make it smooth sailing by adding insurance protection! As summer starts, it is a great time for insureds to reassess their insurance coverage, especially on boat and personal watercraft protection. Available Coverage: Fuel Spill and Wreckage Removal Debris from accidents on the water can create environmental and safety hazards. Watercraft policies can cover fuel spills and wreckage removal at the limit of liability Physical Damage Coverage Types: Personal Property and Unattached Equipment Coverage With personal effects coverage, fishing gear and other personal property are covered up to a certain value. Plus, unattached equipment such as water skis, deck chairs, anchors, safety equipment, and marine electronics can also be covered. If needed, the insured can often purchase more coverage for a small additional premium. Some insurance companies offer this additional coverage at no cost. Emergency Assistance Reimbursement is available for on-water towing, labor, and basic emergency services (such as delivery of fuel or a battery) if the boat or personal watercraft is disabled while on the water. Pet Coverage This can cover costs if cat or dog that is injured because of a boating accident. New Boat Price Protection  The insured can get the [...]

Specifically designed to meet the needs of the Health, Fitness & Wellness Facilities, Philadelphia Insurance Companies coverage taps into a unique and growing market. With the driver for healthy habits speeding up at high rates, the demand for the specific coverage has grown. Fitness and Wellness coverage is designed to meet the needs of many categories such as: Health Club Facilities, membership based Fitness and Sport Facilities, training and instruction based Martial Arts Studios Yoga Studios YMCA’s  Keep in mind for Fitness & Wellness, there are quite a few products that the insured can access directly and can obtain quotes and bind coverage themselves with Philadelphia. More specifically for individual fitness instructors or studios, the carrier does not pay commission or use brokers for those policies since the insured can access the portal directly and obtain quotes from the website for $175 in premium. However, for other Fitness & Wellness policies they do accept submission and follow a normal quoting process. Key Benefits General and Professional Liability Comprehensive General Liability and Professional Liability Personal Injury Liability Special Events Insurance for outside the club/facility Coverage extended to contracted professionals Zero Deductible [...]

What is Gap Insurance? G- Guaranteed A-Asset P- Protection Guaranteed Asset Protection (GAP) Insurance is an optional, add-on car insurance coverage that can help certain drivers cover the “gap” between the amount they owe on their car and the car's actual cash value in the event of an accident. Why is this an important coverage? Here's an example: Your client Jim has just purchased or leased a new vehicle and has contacted you to make sure he has the insurance coverage he needs in case of an accident. You help the insured add the new car to his current auto insurance policy. Will that policy provide him  with enough coverage in the event of a total loss? Unfortunately, Jim totals his brand new car after a few months of owning it.  He needs to find a replacement.  Will the auto insurance payment from his carrier cover the cost of the outstanding loan? Well, if he has a standard policy, he likely will not be covered for the difference in the value of the vehicle and the outstanding loan. According to Edmunds.com, during the first nine months of 2016, 32 percent of all cars traded [...]