Thursday, August 14, 2008

Indiana Insurance Has New Illinois, Indiana Product

Indiana Insurance, a Liberty Mutual Agency Markets regional company, announced the introduction of its Farm line of business (ISO Division Four) on Commercial IQ, its web-based application for quoting and application submission.

Agents in Illinois and Indiana are now realizing quicker approvals and binding turn-around time with SmartNav, the pre-qualification tool within Commercial IQ that helps agents determine which farm exposures are acceptable risks. It also informs agents which related lines of business may be offered with farm coverages.

“Using Commercial IQ, we’ve given our agents a paperless and easy-to-use process to quote and submit farm business,” said Dan Schmidt, vice president, Commercial Lines Underwriting, Indiana Insurance. “Simplified data entry screens and help text we call ‘Farm Logic’ guides agents to the proper Farm line of business, classifications, and coverage options.”

To further agent convenience and quicken approval and binding, Commercial IQ also allows for the attachment of documents and photos to submissions and provides automated rating support for commonly requested coverage options and rules.

Commercial IQ can accommodate farm business as mono-line (combined Farm Property and Farm Liability, stand-alone Farm Property, and stand-alone Farm Liability) and in combination with Business Auto, Commercial Property, Commercial Umbrella, General Liability, and Inland Marine.

Indiana Insurance’s farm appetite is expansive, offering coverage for small liability exposures up to large commercial operations. The company also specializes in writing Hobby Farms for customers who don’t farm for revenue. Coverages for Hobby Farms can include primary residences and personal liability.

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