The Main Street America Group has introduced its commercial product line, featuring its flagship main line business owners policy (Main Line BOP), to independent agents who represent the super-regional property/casualty insurance carrier’s Austin Mutual Insurance Co. in Oregon. This launch marks Main Street America’s entry into the Pacific Northwest marketplace.
In addition to Main Line BOP, a property and liability product for small business owners with broad eligibility, Austin Mutual agents in Oregon also receive access to the company’s commercial umbrella and new tiered commercial auto products. Launch meetings were recently held for Austin Mutual agents in Portland.
In addition to Oregon, Main Street America’s commercial products have been rolled out to Austin Mutual agents in Minnesota and Wisconsin.
Main Line BOP provides standard BOP coverages, as well as some 50 additional ones. Features include: no waiting period for business income; business income/ordinary payroll coverage for up to 12 months; and money and securities coverage. Main Line BOP coverages also include extensive equipment breakdown insurance, as well as employment practices liability and identity theft. A wide range of endorsements can be added to extend coverage further. The Main Line BOP’s 10 programs include nearly 500 classes and cover nearly 85 percent of the small business market.
Main Street America’s independent agent distribution network in Oregon will quote and issue policies for the new commercial products on Main Street America’s Main Street Station policy processing system. The system features real-time rating and automated underwriting. This system also provides agents with the ability to execute “what-if” quoting, in which they can change deductibles or other policy features to see its impact on premium.
Oregon is the 25th state to receive Main Street America’s Main Line BOP. The product is also available in Arizona, Connecticut, Delaware, Indiana, Georgia, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Nevada, New Hampshire, New York, North Carolina, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Wisconsin, Vermont and Virginia. It will be introduced to Austin Mutual agents in South Dakota later this year.
The Main Street America Group writes business through its nine property/casualty insurance carriers: NGM Insurance Co., Old Dominion Insurance Co., Main Street America Assurance Co., MSA Insurance Co., Great Lakes Casualty Insurance Co., Grain Dealers Mutual Insurance Co., Main Street America Protection Insurance Co., Spring Valley Mutual Insurance Co. and Austin Mutual Insurance Co.. Based in Jacksonville, Fla., Main Street America offers a range of commercial and personal insurance, as well as fidelity and surety bond products, to individuals, families and businesses throughout the United States.