Friday, March 16, 2012

Guest Blog Post: Earn Money by Buying Insurance?

We have a guest blog post today from our friends at the John Yurconic Agency.  This one is on a subject near and dear to my heart - Chamber Membership - and how you can use it to make more money!  Enjoy!

Penn National Insurance and the Greater Lehigh Valley Chamber of Commerce have put together an exclusive business insurance program designed to provide chamber members with the comprehensive PA Business Insurance coverages they need at a competitive rate. Plus, depending on the group premium volume and claims experience, you could earn a dividend too!

Plus you get added protection and value through Penn National Insurance:

  • PennPac® — our enhanced coverages on auto, businessowners, property, workers’compensation, and general liability — giving you added security at no additional cost.
  • Equipment breakdown coverage automatically included with business owners and commercial fire policies
  • Replacement cost auto coverage — not commonly found in commercial auto policies — can be added at a nominal flat rate, giving you a valuable and affordable peace-of-mind coverage
  • Add special coverages for niche business, such as printers, wholesalers, manufacturers, auto repair, family-style & fine-dining restaurants, and artisan contractors
  • Information and services to help reduce losses
  • Outstanding, local claim and customer support service
  • Convenient Web-delivered Online Insurance Center for access 24/7, including pay online, electronic funds transfer, billing and policy information, and claims reporting
*subject to individual risk characteristics, loss experience and underwriting guidelines

Eligible lines* offered through this program include:

 Commercial auto
 Commercial fire and crime
 General liability
 Inland marine
 Workers’ compensation

Dividend earned is based on the total group premium and claims experience of eligible lines.

For example:

If group premium is: $1.2 Million

and group loss ratio is: 16%

Group dividend is: 15%

If member premium is: $20,000

Dividend earned will be: $3,000

Dividend payments are based upon program eligibility and are not guaranteed.

Want to know more?  Call the John Yurconic Agency today!



business insurance said...

Well it IS possible to earn money with insurance but getting one is one of the best ways not to lose some.

business insurance said...

Well it IS possible to earn money with insurance but getting one is one of the best ways not to lose some.

mackenzie said...

Insurance is always important to have. I was thinking about starting a home-based business I just don't know where to start. I am not sure if I need business insurance or not. Thanks for sharing!