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Jan 07
A Year of The Sale of the Week
By Michael Welch
Big I Advantage Marketing Assistant

At the bottom of each Two for Tuesday is the Sale of the Week. The winner each week is not a straight dollar amount, but instead is based on the average premium for each product. This means a $2,500 premium for a product which averages $1,000 will beat out a $15,000 premium for a product which averages $10,000.

Some take-aways from last year.
  • The biggest overall premium was Bonds - Bid, Contractor, Performance, Surety (Bonds) with a whopping $122,324!
  • Three of the top five premiums were Bonds with Habitational Condominium and Habitational Apartment taking the #3 & #4 slots respectively.
  • The largest ratio over average was no surprise, Bonds followed by Cyber Insurance - Coalition and Jewelry Insurance.
  • Commercial Auto had the most overall wins barely beating out Bonds.

Product

#

Total Premium

Average Premium

Highest Premium

Commercial Auto - Monoline

14

$252,651

$18,047

$33,062

Bonds - Bid, Contractor, Performance, Surety

13

$434,615

$33,432

$122,324

Cyber Insurance - Coalition

5

$60,508

$12,102

$24,500

Habitational - Apartment

4

$96,186

$24,047

$47,315

Nonstandard Homeowners

4

$27,372

$6,843

$11,504

Affluent Homeowners - New Business

2

$36,287

$18,144

$19,622

Auto & Home Standard Markets

2

$9,519

$4,760

$4,890

Jewelry Insurance

2

$7,428

$3,714

$5,465

Travel Insurance *

2

$4,050

$2,025

$2,781

Community Banks

1

$21,584

$21,584

$21,584

Habitational - Condominium

1

$53,371

$53,371

$53,371

Personal; Umbrella - RLI

1

$2,564

$2,564

$2,564

Small Commercial

1

$10,123

$10,123

$10,123

* Discontinued

Did you see your premium listed last year? Let's see your premium up there in 2020!  


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​127 South Peyton Street
Alexandria VA 22314
​phone: 800.221.7917
fax: 703.683.7556
email: info@iiaba.net

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