Bala Cynwyd, PA, March 2, 2023 - The U.S. Manufacturing industry is responsible for $7 trillion in revenue according to IBISWorld. Philadelphia Insurance Companies (PHLY), a national Property/Casualty and Professional Liability insurance carrier, is launching Admitted General Liability coverage to help manufacturers protect their businesses.
This Admitted General Liability coverage meets the needs for manufacturers in 10 classes of business in the 17 states (see list below). Acceptable classes of business include:
- Foundries
- Machine Shops
- Machinery and Parts (excluding construction)
- Metal Goods
- Auto Parts Operating
- Electrical Equipment and Parts
- Instrument and Controls (excluding analytical)
- Toys or Games
- Sporting Goods
- Plastic or Rubber Goods
"We have over 10 years of experience providing Manufacturing coverage on a non-admitted basis and it's our most successful Excess & Surplus lines product, so expanding to the admitted market is a natural fit for us and gives our agents and customers an option that might be a better fit for them as well," commented Grant Kelley, Assistant Vice President, Underwriting at PHLY. "Producers can get most quotes turned around in 48 hours and policyholders will benefit from PHLY's underwriting expertise and A++ AM Best financial strength rating."
PHLY's Admitted Manufacturer General Liability product includes access to dedicated underwriters, industry-specific risk management services, and specialized claims handling. For more information on PHLY's Admitted Manufacturer General Liability coverage, please visit the product page on PHLY.com or contact a PHLY Marketing Representative at 1-800-873-4552.
States where PHLY offers admitted General Liability coverage for manufacturers includes: AL, AR, IA, ID, IL, IN, KY, MA, MD, MI, MN, NM, NV, OR, SC, TN, and WI
About Philadelphia Insurance
Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. The Company is rated "A++" (Superior) by AM Best Company and "A+" for counterparty credit and financial strength by Standard & Poor's. In business for over 60 years, PHLY is nationally recognized as a member of Ward's Top 50, one of the Best Places to Work in Insurance, and one of the Healthiest 100 Workplaces in America. The organization is strategically located across the United States to provide superior service. For more information, please visit www.PHLY.com.