NGM Insurance Brings Expanded Work Comp Program to Vermont

April 14, 2015

The Main Street America Group’s NGM Insurance Co. has introduced an expanded workers’ compensation program in Vermont via its network of independent insurance agents across the state.

NGM’s expanded workers’ compensation product considers 10 characteristics that impact company placement, including ones the company has not used before such as number of owned vehicles, years in business and number of nonpays in prior billing cycles. Once these characteristics are applied to a risk, it will then be placed into one of three writing companies, which vary by state.

Dan Gaynor, Main Street America’s vice president and head of commercial lines, said the new options also open the company’s workers’ compensation market to a broader mix of business lines beyond contractors, including small businesses in the retail, offices, services, manufacturing and wholesale classes throughout Vermont.

In Vermont, the product can be written with Main Street America’s NGM Insurance Co., Main Street America Assurance Co. or Old Dominion Insurance Co.

NGM’s expanded workers’ compensation coverage can be paired with its Main Line Business Owners Program (Main Line BOP) – a small business product that offers a range of coverages – as well as the super-regional carrier’s tiered commercial auto program.

Throughout 2015, Main Street America plans to introduce its expanded workers’ compensation program in eight more states: Connecticut, Delaware, Indiana, Virginia, Maryland, Pennsylvania, South Carolina and Tennessee. The product was launched in fourth quarter 2014 in Georgia and North Carolina.

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