Lines of Business Expand to Include General Liability, Commercial Property and Capital Assets
SAN DIEGO (May 2, 2023) – To help streamline the insurance experience and offer current and potential policyholders more products for a range of risks, ICW Group Insurance Companies, a leading group of property and casualty carriers, announces the launch of its new commercial package insurance offering.
Initially rolling out in Illinois with plans to expand throughout the US, the introduction of Commercial Package grows ICW Group’s available products to include General Liability, Property and Capital Asset coverages. These are in addition to the existing Workers’ Compensation, Surety, Catastrophe and Assumed Reinsurance lines of business. The company is also offering combined protection through its Prism Package™ product.
“Building off of the financial strength and stability ICW Group has established over the past 50 years, we’re excited to offer more commercial products in the marketplace and further support our vision of being a top-tier, multi-line property and casualty carrier,” said John Novak, ICW Group’s President and Chief Operating Officer. “The introduction of Commercial Package will benefit the businesses we serve by providing comprehensive coverage for a range of risks along with more flexibility and convenience to our valued agent and broker partners.”
The new Commercial Package lines of business come after extensive research and development to bring forward a product that meets the evolving needs of businesses. ICW Group has built a team of industry veterans to build the lines powered by an underwriting team with years of experience within the industries covered. Key benefits offered to businesses through ICW Group’s Commercial Package include:
- Fast, flexible underwriting with the ability to tailor unique coverages to meet the changing needs of insureds.
- Monoline and combined protection for General Liability, Commercial Property and Capital Assets coverages at competitive rates.
- Specialized in-house risk management expertise and access to on-site risk valuation, proactive claims management, and flexible payment options.
- Fewer restrictions on limitations, accept industries that other carriers are leaving, and the flexibility to assess each submission for both risk and opportunity.
- A nationwide company with admitted paper and an A.M. Best financial rating strength of “A” (Excellent).
“The launch of our Commercial Package product is a result of ICW Group’s commitment to delivering market-leading products and services designed to help agents provide a first-class insurance experience to their clients,” said Dan Rossen, Vice President, Commercial Underwriting. “We have growth plans in place to write more coverages in states throughout the country to meet the multiple insurance needs of our customers. I’m excited to be part of this new journey with ICW Group.”
For more information about ICW Group’s Commercial Package insurance offering and for retail agents looking to get appointed, visit the Commercial Package website.
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, Assumed Reinsurance, Catastrophe, General Liability and Commercial Property 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. More information is available at Twitter, LinkedIn and Facebook.