Foremost Insurance Group, subsidiary of Farmers Insurance Group, has introduced and sold the first business insurance policy under its newest product line.
Written by the Scheetz, Hogan, Freeman and Phillips Insurance Agency, the new policy is a Workers' Compensation policy for the agency's customer, a fine dining restaurant.
The Foremost Business Insurance portfolio features Business Owners Policies, Employment Practices Liability Insurance, Commercial Auto, as well as Workers' Compensation and Umbrella coverage.
Foremost Business Insurance Distribution head Mark Testa said, "Foremost is committed to developing special niche products, like our restaurant program, that give agencies more ways to stand out and this policy from the Scheetz, Hogan, Freeman and Phillips Insurance Agency is a great example."
Currently offered by independent agencies in Ohio, Montana, South Carolina, South Dakota, Arkansas, Georgia, Rhode Island, Vermont and Wisconsin, the new business policies are scheduled to be available in other states in the coming months.
The rollout for renewals from the Zurich Small Business brand will follow and the transition process is set to complete by 2015.
Headquartered in Michigan, Foremost Insurance Group provides a broad spectrum of other insurance and financial services products and personal lines insurance since 1952.