Success Stories

EZU Helps Agent Gain New Client

Large Loss? No Problem!

Preferred Comes Through in the Nick of Time

Preferred Helps Client with Tough Claim

Preferred Helps Raise Broker’s Understanding of Umbrella Liability Coverage

Preferred Shapes Up Coverage for Fitness Provider

Preferred Solves Insured’s Double Trouble

Challenge
Insured could not get $10 million umbrella quote from underlying carrier.
EZU Risk declined upon renewal.
The broker was under pressure to quote and bind in the same day.
A broker who was unfamiliar with the claims process required assistance.
A confused broker needed coverage expertise - quickly.
An agent had a client whose coverage was out of shape.
An insured had two policies that were creating coverage confusion and there was little time to sort the problem out.
Solution
Agent delivered three umbrella options and competitive pricing to win the account.
Teamwork resulted in an alternative proposal with competitive terms and competitive pricing, which was bound.
Preferred helped seal the deal in 24 hours.
We oriented the broker to collaborative claims service and ultimately the claim was resolved successfully.
Preferred provided sound advice, coverage explanations and a decrease in premium.
We helped the broker arrange a policy that effectively addressed many exposures through a single policy.
On the eve of the renewal, and in an incredibly quick turnaround, Preferred provided a policy that closed coverage gaps.

The Story...

A wholesale furniture distributor insured needed a $10 Million umbrella limit and his current underlying carrier was unwilling to provide it. He approached a independent agent for help. As a registered producer with ezumbrella.com, the broker popped into EZU and had a quote in minutes. The insured considered competing options for his umbrella liability insurance, but in the end opted for the EZU quote because it was the most competitively priced as well as the most efficient process.

The Story...

A wholesale furniture distributor insured needed a $10 Million umbrella limit and his current underlying carrier was unwilling to provide it. He approached a independent agent for help. As a registered producer with ezumbrella.com, the broker popped into EZU and had a quote in minutes. The insured considered competing options for his umbrella liability insurance, but in the end opted for the EZU quote because it was the most competitively priced as well as the most efficient process.

The Story...

A broker came to us with a tough risk asking for a quote by day’s end. We noticed in our records that we had previously quoted the account for a competing agency. Upon receipt of a broker of record letter, we were able to offer the insured a complete quote and analysis within the same day. The broker was appreciative he was able to bind coverage for the effective date.

The Story...

A client came to us with a fatality claim. We processed the claim immediately and had a defense attorney meet with the client to provide expert advice even though the case was not in suit. A claims meeting with the insured, broker, defense counsel, risk consultant was orchestrated to address all issues/concerns. Notification to the umbrella carrier was made immediately and thanks to our experienced account executive the insured invoked coverage for the services of a Media Consultant. All parties stayed on top of the claim and worked well together to resolve this within the primary policy. The insured was relieved when this claim was resolved and appreciated the service provided by us.

The Story...

A former client called to determine whether or not certain construction activity would be covered under an umbrella policy. Though we were not the broker on the account, we discussed how coverage under various policies may differ. When the account went to market, Preferred took the submission and helped secure a $9,000 savings in annual premium. The agent was delighted because not only did he save the insured money, but he also helped his insured better understand how umbrella liability insurance works.

The Story...

A fitness & training provider, including training of professional athletes, needed to consolidate their GL/PL coverage into one policy that included multiple locations, sexual misconduct with higher limits, international coverage and a triple aggregate. We were able to supply all of that with one carrier. In addition the agent had a difficult time finding coverage for a variety of specific exposures. We were able to offer coverage for all of the risks, providing an Excess HNOA above the standard market $1M limit, a combined policy, and a placement with an E&S Market within 24 hours. The agent was thrilled that we could help solve his problems and cover each detailed risk.

The Story...

A broker approached us for a Property Manager E&O. The competing broker had used two policies for the insured which ironically resulted in a coverage gap for the insured. Within one day, we helped the broker secure terms for all services on one form with coverage that both previous policies did not offer, including Contingent BI/PD and a Fair Housing Discrimination coverage of $100,000.