The Main Street America Group Expands Main Line BOP Policy to South Dakota

February 20, 2014

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 South Dakota. This launch marks Main Street America’s continued expansion in the Midwest.

In addition to Main Line BOP, a property and liability product for small business owners that with broad eligibility, Austin Mutual agents in South Dakota also received access to the company’s commercial auto, workers’ compensation and commercial umbrella products. Launch meetings were recently held for Austin Mutual agents in Sioux Falls and Rapid City.

Main Street America’s commercial product suite has also been rolled out to Austin Mutual agents in Minnesota, Oregon and Wisconsin.

Main Line BOP provides standard BOP coverages, as well as some 50 additional ones. For example, its features include no waiting period for business income, business income/ordinary payroll coverage for up to 12 months, and money and securities coverage.

According to Dan Gaynor, Main Street America’s vice president, commercial lines, the Main Line BOP’s coverages also include equipment breakdown insurance, as well as employment practices liability and identity theft. In addition, a range of endorsements can be added to extend coverage further.”

Gaynor says Main Street features 10 programs that include nearly 500 classes and cover nearly 85 percent of the small business market.

Main Street America’s independent agent distribution network in South Dakota 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 and 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.

South Dakota is the 26th 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, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Wisconsin, Vermont and Virginia.

The Main Street America Group is a super-regional insurance company which 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.