The Colonial Group announced today plans on reducing the minimum premium on their small business commercial package program in New York. The program writes a diversified list of small business classes primarily in New York City and Long Island and sells only through licensed agents. This change will provide its 100+ agents a competitive price for those risks that qualify.
The Colonial Group, a division of Allied Insurance Brokers Inc., is located in Hurley, NY and operates as an MGU offering an admitted insurance package policy for small businesses located in New York State. Lori Graham, Manager of The Colonial Group states “In response to the needs of our agents in these tough economic times we are pleased to announce the planned reduction in our annual minimum premium. We are optimistic that this reduction will assist our agents in being able to place those small commercial classes of business”.