San Antonio, Texas-base Argonaut Group’s Select Markets segment launched a new program for the retail furniture store marketplace. Highlights of the Retail Furniture Store Insurance Program include property coverage with optional deductible levels and Business Income coverage valued at Actual Loss Sustained. Optional additions include the value added, Retail Furniture Advantage endorsement, that offers several broad property coverages on one convenient form. The program also offers workers’ compensation guaranteed cost plans, general liability, earthquake, and computer coverage.
The Select Markets’ Retail Furniture Insurance Program is endorsed by the Western Home Furnishing Association (WHFA) as a preferred provider to its member stores. The WHFA is a regional organization offering information, education, and financial resources to nearly 1,200 members in 12 western states.
Preferred clients for this program include stores with excellent property maintenance, strong financial indicators, and willingness to implement loss prevention recommendations. Select Markets currently is accepting submissions for its retail furniture store program through appointed agents in all states except Alaska, Florida, Hawaii, Louisiana, and Mississippi.
B. Thomas Johns, President of Select Markets, stated, “Select Markets and its affiliated companies have a long record of commitment to independent retailers nationwide in the niche markets we serve. Adding a line of property-casualty insurance products and services tailored to retail furniture store operations is a natural extension of our existing offerings. Expanding into this new market will allow us to leverage our expertise in retail exposures and deliver our expert claims handling and accident prevention services to another retail industry with specialized insurance needs.”
Sharron Bradley, Executive Director of WHFA, added, “We are very pleased with our affiliation with Argonaut Group’s Select Markets. With its focus on the unique requirements of the independent retailer, Select Markets offers an invaluable resource and will provide our members with a reliable partner to help them achieve their goals and grow their businesses.”
To obtain more information about the Select Markets retail furniture store insurance program, contact Dave Edison, senior vice president of Sales and Distribution, at 503-833-1696 or toll free at 800-777-3602, ext. 1696.
Source: Argonaut Group Inc.
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