PIANY Upgrades Comp Program

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NU Online News Service, July 29, 11:08 a.m.EDT?The Professional Insurance Agents of N.Y. State Inc.announced major changes to its NumberONE Comp Program, aPIANY-member benefit that allows agents to offer their customers aworkers' compensation insurance product.

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The new program features a simplified application process, theGlenmont, N.Y.- based association said. For most submissions, PIANYmembers only have to complete an ACORD 130 form and the statemandated inclusion or exclusion forms, where applicable. Applicantsno longer need to fill out additional questionnaires.

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"PIA continues to provide its members with a small, monolineworkers' comp product, for which there is a limited market," saidLoni Swedick-Harvey, member and marketing manager, in a commentabout the program by e-mail. "An added bonus to the new program isthat it offers a contractor product, which is an under-servedmarket for our members."

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The program offers the availability to write most contractorclasses that meet a minimum premium of $6,500.

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PIANY said the program is underwritten by three "A" rated orbetter national carriers, but would not release the names of thecarriers for publication due to contractual obligations. Agentsearn a commission between five and seven percent on theprogram.

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Information about the NumberONE Comp Program is available atwww.piaonline.org by typingSV10001 for quick access through Quick-Link, or by e-mail at[email protected].

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