Newsletter – Monthly Highlights Introduction
This month we are launching our Monthly Highlights series for insurance producers and brokers to keep informed on news and updates from Pennsylvania Lumbermens Mutual.
We wanted to present a monthly recap to gather together useful information for you and your agency on such topics as: risk trends, loss control, wood business and insurance coverage spotlights, and upcoming events. We hope you enjoy this new series!
RISK ALERTS – Weather Edition
From hurricanes to wildfires, experts are predicting above average activity this year that may affect your clients, but preparation is key for their peace of mind. We routinely send out alerts to help keep our insureds ahead of any trends, but we wanted to make sure you had this information when advising how to avoid hazards and risk in their facilities.
We’ve gathered some PLM Loss Control Guides and related information over the past month to help you inform insureds on how to protect their businesses.
- Hurricanes & Floods Loss Control Guide and Brochure
- IBHS Hurricane Ready Checklist for Businesses
- Wildfire Guide and Brochure
- IBHS Protecting Businesses from Wildfire
Have a claim to report?
- Report online: https://www.plmins.com/claims/report-a-claim/
- Email: claims@plmins.com
- Call: 800-752-1895
Recent Wins
Looking for ideas for new types of risks? Here are some examples of accounts successfully written by PLM or with WC placed through ABM.
PLM Recently Bound Accounts
Lumberyard – CT: $67,000
Building Material Dealer – FL: $100,000
Live Edge Slabs – VA: $4,500
Barrel Manufacturer – AL: $29,000
Cabinet Manufacturer – LA: $14,000
Pallet Manufacturer – IN: $25,000
Hardware Store – TX: $8,000
Lumberyard – WA: $65,000
Custom Woodworking – WY: $4,000
Cabinet Manufacturer -MN: $44,000
Pallet Manufacturer – CA: $170,000
ABM Recently Bound Accounts
Truss – FL: $107,000
Sawmill – ME: $80,000
Cabinet Manufacturer – PA: $5,000
Lumberyard – AZ: $7,500
Building Material Dealer – IN: $220,000
Hardware Store – KS: $1,300
Lumberyard – MO: $12,000
Pallet Manufacturer – MI: $25,000
Truss – TX: $7,000
Lumberyard – CT: $28,000
Sawmill – AR: $20,000
Operation Highlight – Pallet Manufacturing
Pallet operations fall into a class of business PLM calls Primary or Heavy Manufacturing. These operations manufacture and assemble wood pallets, platforms designed to facilitate the storage and transportation of goods.
One of the main by-products of pallet manufacturing is sawdust, which requires good housekeeping protocols in place to prevent smoldering embers turning into a devastating fire.
If a fire starts, the combustion of dry, stacked wood can quickly grow out of control due to the column of air that flows freely through its center. This is why stacked pallets need to be kept a distance away from other structures – to prevent a far more costly disaster.
PLM requires more lead time (3-4 weeks minimum) with Primary Manufacturing operations before a quote can be offered. This is due to loss control and field representative site visits to ensure to the underwriter that the proper housekeeping and safety standards are met.
What about Pallet Recycling Operations? What if my submission doesn’t work for PLM?
Sometimes a pallet operation can fall outside of PLM’s underwriting appetite for different reasons – such as being too large or being mainly a recycling operation vs. new manufacturing. Through Allied Building Material Agency, Inc. (ABM), you can still find a home for your client.
As our in-house brokerage, ABM works to round out accounts through its growing programs for all lines of business. Just send everything to one place – if there’s sawdust, it’s us!
Upcoming Events
Find PLM and ABM at these upcoming insurance conventions and trade show events:
- 6/15 – FAIA Convention – Orlando, FL
- 6/16 – IIAG – Annual Convention – Amelia Island, FL
- 6/26 – IIAV – Annual Convention – Virginia Beach, VA
- 6/29 – PIA VA/DC – Trade Fair & Convention – Virginia Beach, VA
