SAN DIEGO, Nov. 9, 2017 – ICW Group Insurance Companies announced today that effective immediately, it has lowered minimum premium requirements across most top class codes nationwide within its workers’ compensation line of business. Minimum premium requirements that previously started as high as $20,000 now start at $2,500.
“Through our ongoing discussions, our agents have been very clear in their desire for us to quote more of their business, including their preferred smaller premium accounts,” said Kevin Prior, president and CEO of ICW Group. “Listening to our loyal agents and then changing how we operate to accommodate them is core to our brand promise.”
ICW Group agents can submit business via Snap®, the company’s underwriting management system. If the account qualifies for its Instant Quote (IQ) program, they’ll receive a quote within minutes. “Thoroughly evaluating a risk based on its own individual merits is fundamental to our consistently strong financial performance,” said Prior. “We’re excited about applying this same level of due diligence to a broader risk appetite.”
Current ICW Group agents and brokers are encouraged to contact their regional business development underwriter for more information about the carrier’s expanded underwriting appetite. ICW Group invites prospective agents to learn more about becoming appointed.
About ICW Group
Based in San Diego, ICW Group Insurance Companies is the largest privately held insurance company domiciled in California. Quoting more than $3 billion annually, ICW Group represents a group of Workers’ Compensation, Property and Auto insurance carriers, including Insurance Company of the West and Explorer Insurance Company. ICW Group is recognized nationally as an industry leader in helping policyholders achieve fewer and less costly claims while elevating the trusted agents who advise them. For more information, visit ICW Group’s website, Twitter and Facebook pages.