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Main Street America Introduces Commercial Product Line to Spring Valley Mutual and Austin Mutual Independent Agents in Minnesota.

SPRING VALLEY & MAPLE GROVE, Minn. -- The Main Street America Group has introduced its commercial product line, featuring its flagship Main Line Business Owners Policy (Main Line BOP), to independent agents who represent the super regional property/casualty insurance carrier's Spring Valley Mutual Insurance Company and Austin Mutual Insurance Company throughout the state of Minnesota.

Spring Valley Mutual became an affiliate of Florida-domiciled Main Street America in September 2011 and Austin Mutual became an affiliate of Main Street America in July 2012.

Main Street America's Main Line BOP, a property and liability product for small business owners, features especially broad eligibility. The product was introduced to Spring Valley Mutual and Austin Mutual agents during a series of kickoff meetings in Alexandria, Minneapolis and Rochester.

"Nearly 500 classes of businesses quality for our Main Line BOP, which is nearly 85 percent of the small business market," said Henry Pippins, president of Main Street America's Midwest Region. "Small business has been the fastest-growing segment of the economy," Pippins added. "We are pleased to bring our new Minnesota agent-customers our Main Line BOP to help them take advantage of tremendous opportunities in a commercial market which is beginning to firm."

Main Line BOP provides standard BOP coverages, as well as some 50 additional ones. For example, its features include no waiting period for business income, business income/ordinary payroll coverage for up to 12 months, and generous money and securities coverage.

The small business owners' insurance product also includes extensive equipment breakdown insurance, and coverages particularly important today, such as employment practices liability and identity theft. And a wide range of endorsements can be added to extend coverage further.

"With its many coverages and options, our agents have told us that our Main Line BOP is one of the best products on the market today," Pippins said.

In addition to Main Line BOP, Spring Valley Mutual and Austin Mutual agents will receive access to Main Street America's workers' compensation, commercial auto and commercial umbrella products later this month.

Main Street America's independent agent distribution network in Minnesota will quote and issue policies for the new commercial products on Main Street America's Main Street Station policy processing system. The system features real time rating and automated underwriting, which significantly speeds policy turnaround. This state-of-the-art system also provides agents with the ability to execute "what if" quoting, in which they can change deductibles or other policy features to see its impact on premium.

Minnesota is the 22nd state to receive Main Street America's Main Line BOP. The product is now available in Arizona, Connecticut, Delaware, Indiana, Georgia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New York, North Carolina, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Vermont and Virginia.

About The Main Street America Group

With roots dating back to 1923, The Main Street America Group is a super regional insurance company which writes business through nine property/casualty insurance carriers: NGM Insurance Company, Old Dominion Insurance Company, Main Street America Assurance Company, MSA Insurance Company, Great Lakes Casualty Insurance Company Grain Dealers Mutual Insurance Company, Main Street America Protection Insurance Company, Spring Valley Mutual Insurance Company and Austin Mutual Insurance Company. Based in Jacksonville, Fla., Main Street America offers a wide range of commercial and personal insurance, and fidelity and surety bond products to individuals, families and businesses throughout the United States.

With nearly $900 million in premium written exclusively by 2,000-plus independent insurance agents, the 89-year-old company insures more than 600,000 policyholders in 27 states and writes bonds in 46 states. A.M. Best Company rates The Main Street America Group as an "A" (Excellent). Main Street America is the founding company partner of Trusted Choice[R], the global branding program of the Independent Insurance Agents & Brokers of America. Main Street America is also a founding company of the Insurance Institute for Business & Home Safety Research Center and an investor in the new independent agency system Consumer Agent Portal. For more information about Main Street America, please visit www.msagroup.com or connect with us on Facebook at www.facebook.com/MainStreetAmerica.
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Publication:Business Wire
Geographic Code:1U4MN
Date:Aug 7, 2012
Words:765
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