Montgomery Insurance, a Liberty Mutual Group regional operation, says it is implementing a commercial lines growth plan in Florida with its independent insurance agents.
The Charlotte, North Carolina-based unit with operations in seven southeastern states is targeting small to mid-market commercial accounts in Florida with products for more than 1,100 classes of business, including 370 target classes. It is offering package and business owner (BOP) products with particular capabilities in hotels, retail, professional offices, garages, churches and restaurants. Other offerings include:
- Property within stated coastal guidelines;
- General Liability, including mono-line;
- Commercial Auto, including mono-line;
- Auto Services, Garages; and
- Construction
Additional lines of business include, Inland Marine, Excess Casualty, Bond/Surety, and small workers’ compensation in support of package and BOP.
A Liberty Mutual spokesman said the company will grow with its existing agency force, most of which are former Ohio Casualty and Safeco agencies.
In January, 2009, Liberty Mutual, which sells insurance both direct and through independent agents, discontinued direct distribution to mid-sized businesses and announced plans to distribute its commercial property/casualty insurance products in the middle market exclusively through independent agents and brokers.
Liberty Mutual defines the middle market as businesses with total account premium ranging from a low of about $150,000 up to about $1.5 million in total account premium. Small business accounts fall below $150,000.
Source: Liberty Mutual
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