IMS ANNOUNCES PARTNERSHIP WITH SYNCHRONOSURE

IMS partners with Synchronosure in FL, NC, NY, NJ, CT, AL, and CA to create bindable quotes for your agency ’s customers within minutes. Additional states coming soon! Underwriting response time is typically less than 10 minutes, simplifying the underwriting process so you can get more done in less time.

Quote from Steve Hartman Synchronosure:

“We are thrilled to extend our partnership with IMS and bring our products and solutions to the IMS marketplace. Our technology and experienced underwriters position us to respond very quickly to member agency ’ s business opportunities, typically giving you quotations in seconds and minutes rather than the 2 to 3 days common in the industry. We have a broad range of appetites within each product, and we are working on introducing additional product to our distribution partners over the next few months which will include BOP, Property, expanded GL appetite, and other types of business insurance specifically focused on meeting the needs of small business. We have a simple process to get producers appointed, and can have your team set up, trained, and doing business within a few days.

Quote from David Burt FAIA:

“We are pleased to announce the addition of our newest Independent Market Solutions partner, Synchronosure. With the addition of the Synchronosure products and solutions offerings we, once again, have found a proven partner that will assist our members and their clients.

The primary areas of focus for this partnership are:

Workers Compensation: Over 900 available governing class codes representing most of the classes associated with hazard grades A – F, and 15 classes within hazard G. Maximum unmodified manual premium is $35,000. The maximum experience mod is 1.35. The insurer is Sutton National, rated A- VIII by AM Best.

Small Contractors Hospitality Light Manufacturing Agricultural Risks (no trees or animals bigger than we are).

GIGBOP: A package insurance coverage includes Business Personal Property, Business Liability, and Miscellaneous Professional Liability, uniquely crafted to meet the needs of modern small businesses. Minimum policy premium is $350 for $100,000 liability limit and $500 for $1 million policy limit. Currently active nationwide on an E&S basis. The carrier for this product is Sutton Specialty, rated A- VIII by AM Best. Segments include: Gig Workers, Independent Contractors, Freelancers, including Home Based Businesses and Businesses Operating Out of Shared Workspace (e.g., Regus, WeWork)

General Liability: Live in December 2022. General Liability with more than 150 available class codes with a particular focus on small business. Limits to $1 million per occurrence / $2 million general aggregate / $2 million products-completed operations aggregate. ISO based policy language. Minimum premium is $1,000. Currently active nationwide on an E&S basis. Maximum premium of $35,000.

Follow Form Excess Liability: This liability coverage provides protection for premises and operations liability, and products/completed operations liability. Coverage is offered on a follow form excess liability basis, and we sit over GL and Auto liability, but will not do auto by itself.We have more than 550 available class codes, and have up to $5 million in capacity to attach in the lead $11 million from ground up, and a second $5 million of

capacity that can attach at $11 million from ground up. Currently active nationwide on an E&S basis. Maximum layer premium is $35,000. Segments include but are not limited to:

Contractors Hospitality Habitational

LOUISIANAAGENT C o n t i n u e d f r o m p a g e 2 5 Please Read If Considering SynchronoSure: Producer Sign-up for SynchronoSure must be completed by clicking this link https://synchronosure.com/producer-registration/ Website synchronosure.com

Get Appointed Today! Agency Agreement

https://synchronosure.com/wpcontent/uploads/2022/09/SynchronoSure _ IMS _ Pr oducer _ Agreement _ Watermark _ 02162022-2.pdf The SynchronoSure® agency agreement is between the individual signing agency or brokerage firm and SynchronoSure®. When you agree to and e-sign the agreement during this application process, you also agree to the instructions, guidelines, policies, and procedures contained in the agency agreement.