PLM Monthly Highlights series for insurance producers and brokers – our newsletter to keep informed on news and updates from Pennsylvania Lumbermens Mutual.
Working with a wood industry-related client? Send your applications to: NewBiz@plmins.com
Hard Market Continues, New Niches to Explore for Your Commercial Book
As we said in our previous edition of the Broker Insider, the hard insurance market for many product lines continued throughout 2023 and is expected by many to continue into 2024. A strong partnership with your carriers is more important than ever.
Now is a good time to consider new types of accounts to identify new clients. For the new year, it is time to explore what’s in your community in the lumber, woodworking, building materials, hardware stores and other similar industries.
PLM Broker Insider Archive
A Look Back at 2023 – Revisit the Articles and Content You May Have Missed:
- Loss Control Partner Programs Available for Insured Safety
- Online PLM Appetite Search Integration – Powered by Ask Kodiak
- HardwareXpress Launched – Fast Quotes for Hardware Stores
- St. Baldrick’s Fundraising Campaign Raises Over $170,000
- Cyber Threats Continue in the Wood Industry
- ABM – PLM’s wholesale brokerage arm and program business specialist – rebrands as Green Tree Risk Partners
- Business Income Insurance – Protecting businesses as supply chain issues continue
- Growing Your Book of Business with New Markets
- Equipment Breakdown Coverage Trends
- Natural Disasters on the Rise in 2023
- Why Strong Carrier Partners Are a Must in a Hard Market
Preparing For the Winter Season with PLM Loss Control Guides
During the winter months, proper precautions need to be taken in order to protect businesses from the colder weather and the problems it may bring. Buildings may be loaded beyond their design by the accumulation of snow and ice. Fire protection equipment may freeze, leaving a major portion of the facility without protection.
Taking an active role in safeguarding their businesses from the severe cold weather is the best approach for your clients.
Download to share some guidelines and precautions to take over the upcoming season.
Wondering about new business opportunities in your own neighborhood? Here are some examples of accounts successfully written by PLM or with WC placed through Green Tree Risk Partners.PLM
Lumberyard – NC: $18,000
Wooden Store Fixture Mfg. – NY: $11,000
Custom Cabinet Mfg. – NJ: $100,000
Building Material Dealer – VA: $50,000
Wooden Crate/Box Mfg. – PA: $13,000
Stair Parts Mfg. – GA: $52,000
Wood Furniture Mfg. – WV: $150,000
Lumberyard – CT: $60,000
Building Material Dealer – FL: $150,000
Sawmill – SC: $1,600
Wooden Stair Components Mfg. – MS: $18,000
Building Material Dealer – AR: $21,500
Wooden Storage Box Mfg. – IN: $27,000
Custom Millwork Mfg. – LA: $2200
Cabinet Mfg. Shop – OH: $16,000
Building Material Dealer – TX: $49,000
Wood Furniture Mfg. – AL: $150,000
Architectural Millwork Mfg. – KY: $45,000
Building Material Dealer – WI: $20,000
Sawmill – WA: $86,000
Lumber Remanufacturer – ID: $28,000
Hardware Store – OK: $5,000
Pallet Mfg. – MO: $100,000
Lumberyard – KS: $13,500
Wood Furniture Mfg. – CO: $66,000
Custom Cabinet Mfg. – CA: $14,000
Wood Treating Operation – OR: $18,000
Lumberyard – MT: $25,000
Pallet Mfg. – IL: $130,000
Green Tree Risk Partners
Lumber Distributor – VA: $30,000
Lumberyard – CT: $34,000
Hardware Store – NY: $9,000
Custom Cabinet Mfg. – FL: $5,500
Wooden Peg Mfg. – NH: $2,700
Building Material Dealer – MD: $9,600
Architectural Millwork Mfg. – MA: $2,000
Sawmill – TN: $37,000
Furniture Frame Mfg. – MS $53,000
Hardware Store – LA: $1,500
Pallet Mfg. – IN: $10,000
Building Material Dealer – AR: $4,000
Furniture Mfg. – IN: 24,000
Architectural Millwork Mfg. – TX: $21,000
Building Material Dealer – OK: $8,500
Lumberyard – MO: $11,500
Custom Cabinet Mfg. – SD: 14,500
Wood Products Distributor – MN: $1,000
Custom Wooden Table Mfg. – CO: $2,800
Cabinet Mfg. – KS: 23,000
Lumber Distributor – ID: $11,000
Trim/Millwork Mfg. – CA: $8,500
Find PLM and GTRP at these upcoming insurance conventions and trade show events:- 02/01 – PIA NY Metro Rap – New York, NY
- 02/05 – KAIA Annual Convention – Wichita, KS
- 02/21 – IIAM Agency Management Conference – Jackson, MS
- 02/21 – Houston I-Day – Houston, TX
- 02/22 – NIIA Annual Tradeshow – Reno, NV
- 03/03 – WSIA Underwriting Summit – Phoenix, AZ
- 03/19 – Los Angeles I-Day – Pasadena, CA
- 03/20 – IIABSC Spring Conference – Columbia, SC
- 03/21 – MAIA Small Agency Conference – Columbia, MO
- 03/28 – PIIAC Convention – Englewood, CO
