The COVID-19 pandemic has created a multitude of challenges for all of us. Through all of these issues confronting us today, our recommended partner, Federated Insurance, has worked closely with their customers to help them find their way through these unprecedented times. Federated is a "Value-Add" company that provides not only some of the best insurance products designed for our industry, but also the safety and risk management support that our members need for their successful businesses. Throughout the COVID-19 crisis, they have provided the latest guidelines to help our members navigate through these times. In addition, they have provided billing options to ease cash flow concerns and adjusted payroll and premium basis,where appropriate.
Today, Federated announced their COVID-19 Client Relief Credit, providing premium reductions for their customers in our
industry and others throughout the country.
* Federated's COVID-19 Client Relief Credit will provide a 15% credit based on Business Auto premium, Auto Dealer/Garage Coverage Part premium, and Business owners Policy (BOP) premium from March 15 to June 15. Policies must be in force at the time relief credit is applied. These actions are subject to regulatory approval.
Policyholders will automatically see the COVID-19 Client Relief Credit applied in the upcoming months. Federated was founded on the four cornerstones of equity, integrity, teamwork, and respect, and has once again shown that
they are dedicated to serving the needs of the members of this organization. This is one of the reasons that your association board continues to recommend Federated Insurance. They work hard to do what is right for their customers.
Association membership doesn't cost, it pays!
Jeff Fetters Chairman and CEO of Federated Insurance wrote a letter detailing the Client Relief Credit. His letter can be read in full HERE.
