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The COVID-19 Premium Installment Plan

· Coronavirus,Professionals' Best,Announcement,Covid-19

We at Professionals' Best hope you are staying safe and healthy during the Coronavirus pandemic. While these are difficult times for all of us, there is little doubt that design, construction, and real estate professions will face particularly difficult times in the months ahead. In effort to do our part assisting architects, engineers, surveyors, construction managers, environmental consultants, and property inspectors, the Professionals’ Best™ team is proud to make the following announcement:

In response to uncertainties resulting from the COVID-19 pandemic, Professionals’ Best™ is immediately offering a unique premium payment plan available to our customers. The COVID-19 Premium Installment Payment Plan is intended to help our insureds reduce expenses during this period of economic hardship. The payment plan works as follows:

  • 12.5% of annual premium at binding
  • No payments for the next 4 months
  • 12.5% installments paid in months 6 thru 12
  • There are no financing fees associated with this plan
  • There are no minimum/maximum premiums to qualify for this plan

While we cannot adjust premium payment schedules on in-force policies, starting today insureds binding new/renewal policies are eligible during the current economic conditions.

Exhibit: Sample Payment Schedule for COVID-19 Premium Installment Payment Plan:

On a separate note, we are receiving many inquiries from agents who want to shop all their accounts as soon as possible to prepare for uncertainties over the next several months. Please note we are fully staffed, fully operational, and here to help however you need us: We can quote accounts as early as 90 days ahead of expiration or as late as the day of expiration. We can quote small accounts that are currently locked into a multi-year policy with another carrier but “want out” due to their now reduced projected revenues. Working with our partners, we can even quote Large National and International sized accounts in a relatively short period of time.

Professionals Best is in a very strong position to assist all of you during this period. Please let us know how we can be of assistance.

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