Chicago, Ill.-based InsuranceNoodle has entered into an agreement with Boston, Mass.-based OneBeacon Insurance Group to offer the carrier’s OnePac P&C solution to the independent commercial agencies that use InsuranceNoodle’s proprietary, Web-based technology platform.
“InsuranceNoodle presents OneBeacon with the opportunity to write profitable small-town business through independent agents, which is the backbone of our business model. We expect InsuranceNoodle to play an important role in our small-business segment’s profitable growth,” said Travis MacMillian, OneBeacon vice president, small business marketing and business development.
Independent agencies that use the InsuranceNoodle network are able to access eleven carriers – including five of the top six national small commercial carriers – serving nearly 1,500 types of business nationwide.
OneBeacon, rated “A” (excellent) by A.M. Best, provides coverage through thirteen programs and over 300 classes of small business in California, Connecticut, Illinois, Maine, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, Washington and the District of Columbia and has filings pending in Virginia.
The OnePac P&C solution offers many built-in coverages and more than 57 customized and special coverage extension endorsements, said InsuranceNoodle CEO Kathryn Emmerson. “Of particular interest to our NoodleNetwork partners is the availability of a world-class product to meet the needs of automotive services, hotel/motel, office, retail and some restaurant owners.”
InsuranceNoodle’s current line of commercial products includes business owners policy (BOP), directors and officers liability, commercial auto, umbrella insurance, workers’ compensation, employment practices liability insurance (EPLI), professional liability and surety bonds.
Was this article valuable?
Here are more articles you may enjoy.