Success Stories: Q2 2018

As technology specialists, our focus and expertise means we deliver insurance solutions for targeted segments including: information technology, medical technology and life science, telecommunications, electronic manufacturing and clean tech/solar. Tailored products include property, general liability, auto, commercial umbrella, workers compensation, international, technology errors or omissions and network security.  Technology insurance expertise, innovation and service are delivered through dedicated underwriting, risk control and claims staff.

We appreciate the opportunity to service your clients’ technology insurance needs. Below are just a few examples of recent new business. Contact your local OneBeacon Technology underwriter for further information or to discuss an opportunity.

Operations

Lines Premium Why OneBeacon

Transportation Network Company, Transaction Hardware and Software, Marketing

Package $116,000

The transparency and partnership with the producer, combined with our brand reputation, competitive pricing and risk control services swayed the insured to move coverage away from a competitor.

Copy Machine and Mail Services Software

Package and Workers Compensation $650,000

The account was with another carrier for years. Wanting a fast turnaround, our team provided the referrals, forms and policies in 24 hours.

Telecommunications

Package $225,000

The account has multiple locations and switch stations, allowing savings and flexibility for the account. Our team was able to quote within a short timeframe, which helped the agent win this account.

MRI Distributor

Package, International Product, Workers Compensation $465,000

Our underwriting and risk control teams worked together to quote the account quickly. Because of our pricing and service, our producer was able to keep this high-profile customer.

Semiconductor Manufacturer

Package and Workers Compensation $310,000

Our competitive premium for a combined program enabled writing this account away from a competitor.

Visual Prosthetic Manufacturer

Package and Workers Compensation $100,000

Our team was able to review the expiring program and put together a competitive quote that exceeded expectations.

Environment, Health and Safety Software

Package, Workers Compensation and ITS $140,000

Because of service, expertise and OneBeacon’s relationship with both the insured and the producer, we were able to retain this account after the insured was acquired by another entity.

Telecommunications Package and Workers Compensation $250,000

Working with a short timeframe and a new agent referred by our Government Risks team, we worked together to deliver a timely quote and win this business.

 

Author Meredith Paton

More posts by Meredith Paton

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