Zurich Adds 100 New Workers Comp Classifications to Expand, Service Small Business Market
Zurich North America, one of the nation's leading property-casualty insurance companies, announced it has added 100 monoline workers' comp business classifications to its coverage offerings. Most of the new classes are for light manufacturing, wholesale and service company risks.
“This action further demonstrates our appetite to serve small business customers and the distributors that represent them,'s Small Business unit. “With these additional options, we continue to serve key markets with greater flexibility while meeting customers' changing needs.“
The new classifications for light manufacturing encompass clothing, food, plastic goods, electrical apparatus, printed circuit boards and instruments categories. These 100 new classifications build on Zurich's December 2006 launch of additional workers' comp segments for restaurants (family operated and fine dining) and light auto repair (lube shops and tune-up operations). In the coming months through 2008, the company will utilize its underwriting capabilities to add more complex classes for small business workers' comp.
“We are dedicated to serving small business policyholders and providing distributors with additional, meaningful offerings for that marketplace,“ Law said. “We are utilizing our industry knowledge, underwriting capabilities, systems and technology to help ensure our small business policyholders have access to Zurich products, services and strengths that are comparable to those we offer our largest corporate customers.“
Zurich emphasized that all its small business workers' comp policyholders "including those in the new classifications" receive a full range of capabilities to relieve small businesses' burdens associated with claims.
About Zurich Financial Services
Zurich Financial Services Group (Nachrichten/Aktienkurs) (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 58,000 people serving customers in more than 170 countries. In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, small business, specialties and programs sectors.
Source: Source: Zurich Press Release | Published on November 28, 2007
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