AmTrust 2014 hurricane season commercial lines binding limitations

Hurricane_2a

August 1 marked two months into a relatively calm 2014 hurricane season; however, with the potential for increased activity it’s important to be aware of our commercial lines binding limitations during hurricane season ending November 30.

An agent’s authority to bind or increase coverage for wind storm, flood or extended coverage is suspended when the eye of a hurricane is reported by the National Weather Service (NWS) to be within 600 miles of the state in which a property is located.  This limitation applies to all property located within 200 miles of the coast, and does not apply to workers’ compensation coverage. 

In order for any new policy, binder or endorsement to be accepted by our companies, your request must be postmarked or uploaded before the eye of the hurricane is reported by the NWS to be within 600 miles of the state in which a property is located.  After this cutoff time, we will not be responsible for new coverage written.
During the moratorium period, you may process business scheduled for renewal, but you cannot increase limits beyond that required for the annual values update or where the expiring policy provides automatic increases, and you may not reduce deductibles.

Coverages impacted during the moratorium include all Property, Inland Marine, Personal Auto Physical Damage and Commercial Auto Physical Damage coverage.

Click here to view the official announcement distributed in May.

Resource; http://www.amtwarranty.com/

AmTrust 2014 hurricane season commercial lines binding limitations

August 1 marked two months into a relatively calm 2014 hurricane season; however, with the potential for increased activity it’s important to be aware of our commercial lines binding limitations during hurricane season ending November 30.

An agent’s authority to bind or increase coverage for wind storm, flood or extended coverage is suspended when the eye of a hurricane is reported by the National Weather Service (NWS) to be within 600 miles of the state in which a property is located.  This limitation applies to all property located within 200 miles of the coast, and does not apply to workers’ compensation coverage. 

In order for any new policy, binder or endorsement to be accepted by our companies, your request must be postmarked or uploaded before the eye of the hurricane is reported by the NWS to be within 600 miles of the state in which a property is located.  After this cutoff time, we will not be responsible for new coverage written.
During the moratorium period, you may process business scheduled for renewal, but you cannot increase limits beyond that required for the annual values update or where the expiring policy provides automatic increases, and you may not reduce deductibles.

Coverages impacted during the moratorium include all Property, Inland Marine, Personal Auto Physical Damage and Commercial Auto Physical Damage coverage.

Resource:  http://www.amtwarranty.com/

Take Your Loss Control to the Next Level

                       

Small business owners and commercial insurance companies have this common goal – prevent claims.  Minimizing exposure to avoidable risks resulting in claims doesn’t end with the purchase of workers’ compensation insurance and/or business liability policies.

The goal can be reached when loss control is taken to the next level with the use of industry-specific technical guidance and general safety and training resources.  Access to those types of resources and trainings can help small business owners implement practices focused on the prevention of avoidable risks.

Where to begin

AmTrust has an extensive online collection of loss control reference materials, including industry-specific technical guidance and general safety and training resources.  We have also established a partnership with an external resource for web-based, on-demand training videos that insureds can incorporate into safety briefings in their workplace.

Additionally, AmTrust offers consultation services for the review of conditions and practices in specific work environments.  Our trained professionals can recommend updates to the workplace to help in the prevention of avoidable risks.

For additional information on our loss control offerings and services, please contact us via email at LCInfo@amtrustgroup.com or phone at 888-486-7466, ext. 363275.

Resource: http://www.amtwarranty.com/

 

Take Your Loss Control to the Next Level

                       

Small business owners and commercial insurance companies have this common goal – prevent claims.  Minimizing exposure to avoidable risks resulting in claims doesn’t end with the purchase of workers’ compensation insurance and/or business liability policies.

The goal can be reached when loss control is taken to the next level with the use of industry-specific technical guidance and general safety and training resources.  Access to those types of resources and trainings can help small business owners implement practices focused on the prevention of avoidable risks.

Where to begin

AmTrust has an extensive online collection of loss control reference materials, including industry-specific technical guidance and general safety and training resources.  We have also established a partnership with an external resource for web-based, on-demand training videos that insureds can incorporate into safety briefings in their workplace.

Additionally, AmTrust offers consultation services for the review of conditions and practices in specific work environments.  Our trained professionals can recommend updates to the workplace to help in the prevention of avoidable risks.

For additional information on our loss control offerings and services, please contact us via email at LCInfo@amtrustgroup.com or phone at 888-486-7466, ext. 363275.

Resource: http://www.amtwarranty.com/

 

Take Your Loss Control to the Next Level

                       

Small business owners and commercial insurance companies have this common goal – prevent claims.  Minimizing exposure to avoidable risks resulting in claims doesn’t end with the purchase of workers’ compensation insurance and/or business liability policies.

The goal can be reached when loss control is taken to the next level with the use of industry-specific technical guidance and general safety and training resources.  Access to those types of resources and trainings can help small business owners implement practices focused on the prevention of avoidable risks.

Where to begin

AmTrust has an extensive online collection of loss control reference materials, including industry-specific technical guidance and general safety and training resources.  We have also established a partnership with an external resource for web-based, on-demand training videos that insureds can incorporate into safety briefings in their workplace.

Additionally, AmTrust offers consultation services for the review of conditions and practices in specific work environments.  Our trained professionals can recommend updates to the workplace to help in the prevention of avoidable risks.

For additional information on our loss control offerings and services, please contact us via email at LCInfo@amtrustgroup.com or phone at 888-486-7466, ext. 363275.

Resource: http://www.amtwarranty.com/

 

We’ve Got a New Look!

 

Summer is the perfect time for a refreshed look.  And in case you haven’t noticed, that’s exactly what we’ve done to our website, with you in mind. 

Our updated look and feel and navigation is focused on providing access to the content most important to you.  You’ll see new information plus better organization of content, including:

AmTrust Online:  A login area is available in all relevant sections, providing you access to the risk submission system when you need it most.  Depending on the page, the login box is expanded or collapsed, but always located on the right side of the page.  Don’t worry, while our site has changed, the actual AmTrust Online system has not, so your username and password remains the same.

Coverages:  We’ve added more coverage offerings such as Excess & Surplus, Surety Bonds and Disability Benefits Law.  We’ve also included our product flyers in relevant areas as further reference for how we can best suit your needs.

Claims: You now have a one-stop-shop for all of your Claims needs.  This is also where you can locate prevention and loss control materials.

Response Design: We also understand more than ever, you are on-the-go, that’s why we’ve made sure the site can be accessed and usable from your laptop, desktop, tablet or smartphone.  Plus, you’ll always know where you are and where you came from, with the “bread crumbs” on each site, no more back button!

Our goal is to ensure this is a valuable resource, so your feedback is always welcome.  

So, what are you waiting for?  Check out the new site!

Resource: http://www.amtwarranty.com/

AMT Service Corp Gives Home Warranty Program for Homeowners Safety

AMT Warranty is undoubtedly devoted to serving consumers safeguard their most valuable asset their house.

Experience tells us that numerous appliances need repairs when they have been in use for as little as five years.

The fact is that, most homeowners are experiencing many different mechanical or electrical failures each year, which may easily cost them nearly $1,000 in repair charges.

As an illustration, heating and cooling systems commonly require substantial maintenance after seven years and regularly will need replacement after 12-15 years. When a home’s HVAC system breaks down, repair costs could surpass $1,500.

Around 25% of the aforementioned repairs can pay for an AMT Service Corp Protection plan. AMT provides an extraordinary bargain for warranty buyers or sellers as well.

The AMT Warranty Home Warranty Program delivers homeowners with year-round protection to protect against mechanical breakdowns for the lots of covered systems and home gadgets.

Policy coverage plan by AMT Service Corp is made for 1 year and payable annually or in month-to-month instalments.

Base Policy coverage:

Heating System (up to $1,500)
AC/Cooler (up to $1,500)
Internal Plumbing System (up to $500)
Ductwork (up to $500)
Water Heater (up to $500)
Internal Electrical System
Dishwasher
Range/Oven/Cook top
Built in Microwave

Optional Coverage:

Pool and Spa
Washer and Dryer
Trash Compactor
Septic System
Kitchen Refrigerator
Stand Alone Freezer

Source For This Article – http://www.amtwarranty.com/products/Home-Warranty.aspx

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