Managing general agent GMI Insurance has announced that it is expanding its existing coverage to include a standalone workers’ compensation program that targets contractors and hundreds of other business classes.
The program includes an AM Best A++-rated admitted carrier, a minimum premium of $40,000, no maximum premium, and no XMOD restrictions, GMI said.
“GMI has been a premier writer of commercial auto insurance since 1980,” said Mark Trudel, president of GMI. “Our monoline business auto, auto rental fleet, and contingent auto lease agents and their insureds face the same challenges as hundreds of other business classes in providing medical and wage benefits to workers injured on the job. The standalone workers’ compensation solution fits perfectly with GMI’s mission to find a need in the marketplace and fulfill it through standalone coverages that are targeted to our insureds: contractors, auto dealers, retailers and manufacturers.”
Read next: What’s contributing to the rise in one sector’s workers’ comp claims?
The product launch is being spearheaded by GMI’s Shawn-Michael Hall Sr.
“This new, standalone workers’ compensation program is a natural extension of GMI’s coverage for contractors and hundreds of other small to medium-sized businesses,” Hall said. “This new line of coverage offers peace of mind to workers and their families by providing much-needed and often difficult-to-find coverage for workplace injuries such as strains, trips and falls, and even accidental death. The coverage is targeted to construction, manufacturing, auto dealers, retail and more. I look forward to meeting with and talking to GMI’s agents and insureds about this new coverage.”
GMI also recently launched a cannabis transport insurance program.
Have something to say about this story? Let us know in the comments below.
