CIBA Insurance Services

moeasadi · 04-09-2009, 12:00 AM

Has anyone used this association for placing commercial property risks?
Their coverage are very competatively priced, but they mainly use NA insurers.

insurancegal · 05-20-2009, 06:22 PM

Yes I am very familiar with CIBA as I worked for their competitor for a while. They offer 2 types of policies - each with different limits/coverages. It is written under a master policy. One expires on 3/31 and the other on 6/1 so if you were to place business with them all policies would be pro-rated. Since it is a master policy all their members (insureds) share all the limits. Not something most people are comfortable hence the competitive premiums.

They do offer some kind of built in earthquake coverage as well which makes their policies enticing but again with a shared limit. The competitor I worked for could not compete as they offer much higher property limits and the GL limits are not shared.

You have to get appointed with an MGA to access this program. You can go online to get more info.

moeasadi · 05-20-2009, 11:47 PM

Thanks for sharing. I got appointed last month and so far sold a few.

moeasadi · 05-28-2009, 08:05 AM

[quote=insurancegal;159894]Yes I am very familiar with CIBA as I worked for their competitor for a while. They offer 2 types of policies - each with different limits/coverages. It is written under a master policy. One expires on 3/31 and the other on 6/1 so if you were to place business with them all policies would be pro-rated. Since it is a master policy all their members (insureds) share all the limits. Not something most people are comfortable hence the competitive premiums.

Thank you for responding. I got appointed and sold couple policies so far.As far as I know, only Umbrella is shared, otherwise every member gets its own policy.

vnrao · 10-29-2009, 04:28 AM

With the global recession and unexpected closing of businesses, you would rather spend money on immediate needs with instant benefits. Insurance services do not give the instant gratification you need but is long-term protection for you and your assets. If you are looking for ways to save money on insurance services, take your time researching the right solution. The steps below can get you started: