Federated Insurance announces COVID-19 Client Relief Credit
In a recent letter to clients, Federated Insurance, which is endorsed by CEMA, announced a special COVID-19 client relief program, which comprises the following:
• COVID-19 Client Relief Credit: from March 15 to June 15, they will be providing clients a 15% credit based on their Business Auto premium, Auto Dealer/Garage Coverage part premium, and Businessowners Policy (BOP) premium. Policies must be in force at the time relief credit is applied. Credits will appear on future invoices. They note that these actions are subject to regulatory approval.
• In addition, Federated provides this link https://www.federatedinsurance.com/association-groups/covid-19-resources to Client COVID-19 Resources that summarizes many additional areas of support they are providing during this unprecedented time.
• Federated also has potential billing options that can be requested by calling their Client Contact Center at (888) 333-4949.
• Finally, if companies need to make adjustments to payroll and sales figures to reflect today’s environment, please contact your local Federated marketing representative.