By Matthew Danella – Insurance Professional
The National Association of Mobile Entertainers (N.A.M.E.) has negotiated an excellent general liability insurance program with The Philadelphia Insurance Companies, a national leader involved in the insuring of entertainers, including DJs, and special events. This policy is handled through Brown & Brown Insurance of Pennsylvania.
While everyone may recognize the names of Insurers such as Geico, State Farm, and Liberty Mutual, you may not know much about Philadelphia Insurance Companies. PHLY may not have the popular T.V. commercials other carriers have, but they have the same size, financial strength, and excellent reputation.
Financial Strength
The most important characteristic for an insurance carrier is financial strength. This is the financial ability to pay out any claims that the carrier would become responsible for through their insurance contracts/policies. PHLY is recognized as a carrier with superior financial ratings from the largest Insurance Rating Bureaus in the country.
A.M. Best is a financial rating company that is largely recognized as the most accurate rating bureau in the insurance industry. Ratings range from A++ being the best to F being the worst. As of 12/1/2017, Philadelphia Indemnity Insurance Companies has earned a superior rating of A++. Based on this rating, PHLY is ranked as one of the most financially stable carriers in the industry.
Size of Company
While the name Philadelphia Insurance Companies may lead to assumptions that they are only prominent in the Philadelphia or Pennsylvania area, this is not the case. Philadelphia insurance is headquarted out of Bala Cynwyd, PA, and has a total of 50 offices spread across roughly 30 states. With a national presence like this, PHLY has employees capable of writing policies and handling claims that could occur in any state.
Reputation/Expertise
PHLY operates in a number of niche markets. One of these markets that PHLY insures with great success is the Entertainment Industry. PHLY insures a number of different associations and companies that operate within the entertainment industry, and have underwriters who are experts in the insurance needs that companies within this industry will have. Across the insurance industry, PHLY is considered a leader in insuring entertainment companies, which makes them a natural fit to insure the N.A.M.E. members.
For more info on getting insured with PHLY through NAME, please contact Matthew Danella at Brown & Brown 844-334- 7877 or Joel at N.A.M.E. 800-434- 8274.
