The Main Street America Group Introduces Commercial Product Line to Austin Mutual Agents in South Dakota
Super–Regional P&C Carrier Expands Midwest Presence
SIOUX FALLS, S.D.--(BUSINESS WIRE)--The Main Street America Group has introduced its commercial product line, featuring its flagship Main Line Business Owners Policy (Main Line BOP), to independent agents who represent the super-regional property/casualty insurance carrier’s Austin Mutual Insurance Company in South Dakota. This launch marks Main Street America’s continued expansion in the Midwest.
“In addition to South Dakota, we also have rolled out Main Street America’s commercial product suite to Austin Mutual agents in Minnesota, Oregon and Wisconsin.”
In addition to Main Line BOP, a property and liability product for small business owners that features especially broad eligibility, Austin Mutual agents in South Dakota also received access to the company’s commercial auto, workers’ compensation and commercial umbrella products. Launch meetings were recently held for Austin Mutual agents in Sioux Falls and Rapid City.
“When we affiliated with Austin Mutual in 2012, our intent was to enable their existing agency plant to profitably grow with us by introducing our full suite of commercial lines products,” said Dan Gaynor, Main Street America’s vice president, commercial lines.
“Having Main Line BOP and Main Street America’s other commercial products is a great benefit to our South Dakota agent-customers and their small business customers,” said Jeff Kusch, Main Street America’s Western Region president and president of Austin Mutual. “In addition to South Dakota, we also have rolled out Main Street America’s commercial product suite to Austin Mutual agents in Minnesota, Oregon and Wisconsin.”
Main Line BOP provides standard BOP coverages, as well as some 50 additional ones. For example, its features include no waiting period for business income, business income/ordinary payroll coverage for up to 12 months, and generous money and securities coverage.
“Our Main Line BOP’s coverages also include extensive equipment breakdown insurance, as well as employment practices liability and identity theft – coverages which are particularly important to small business owners today,” Gaynor said. “In addition, a wide range of endorsements can be added to extend coverage further.”
Gaynor added, “Main Line BOP has proven to be a very attractive product for both our agent-customers and their commercial insureds because it really appeals to our ‘Main Street’ niche. From mom-and-pop stores to professional offices to fast food restaurants, our 10 programs include nearly 500 classes and cover nearly 85 percent of the small business market.”
Main Street America’s independent agent distribution network in South Dakota will quote and issue policies for the new commercial products on Main Street America’s Main Street Station policy processing system. The system features real-time rating and automated underwriting, which significantly speeds policy turnaround. This state-of-the-art system also provides agents with the ability to execute “what-if” quoting, in which they can change deductibles or other policy features to see its impact on premium.
South Dakota is the 26th state to receive Main Street America’s Main Line BOP. The product is also available in Arizona, Connecticut, Delaware, Indiana, Georgia, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Nevada, New Hampshire, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Wisconsin, Vermont and Virginia.
About The Main Street America Group
With roots dating back to 1923, The Main Street America Group is a super-regional insurance company which writes business through its nine property/casualty insurance carriers: NGM Insurance Company, Old Dominion Insurance Company, Main Street America Assurance Company, MSA Insurance Company, Great Lakes Casualty Insurance Company, Grain Dealers Mutual Insurance Company, Main Street America Protection Insurance Company, Spring Valley Mutual Insurance Company and Austin Mutual Insurance Company. Based in Jacksonville, Fla., Main Street America offers a wide range of commercial and personal insurance, as well as fidelity and surety bond products, to individuals, families and businesses throughout the United States.
With more than $1 billion in premium written exclusively by 2,000-plus independent insurance agents, the 91-year-old company insures more than 600,000 policyholders in 36 states and writes bonds in 45 states. A.M. Best Company rates The Main Street America Group with an "A" (Excellent) financial strength rating and “a+” issuer credit rating. Main Street America is the founding company partner of Trusted Choice®, the global branding program of the Independent Insurance Agents & Brokers of America. Main Street America is also a founding company partner of the new independent agency system Consumer Agent Portal (CAP) and the Insurance Institute for Business & Home Safety (IBHS) Research Center. For more information about Main Street America, please visit our newsroom at http://news.msagroup.com/ or connect with us on Facebook at www.facebook.com/MainStreetAmerica.