吃瓜福利社

HOUSTON, TX鈥� November 7, 2023鈥�SureChoice Underwriters Reciprocal Exchange (鈥湷怨细＠�社鈥�), a policyholder-owned coastal insurer, in partnership with聽SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, today announced its expansion to the South Carolina commercial property market with its business owners policy (BOP) offering.

After launching its BOP program in Texas last year and expanding to Louisiana and Florida, 吃瓜福利社 will now provide commercial capacity for producers writing small- and medium-sized businesses in South Carolina. Through a combination of property and commercial general liability coverage, 吃瓜福利社鈥檚 BOP program provides crucial protection for entrepreneurs in the Palmetto State.

Building on the success of the BOP program, 吃瓜福利社鈥檚 South Carolina offering has been further optimized to cover more than 300 business classes across eight industries, including restaurants, offices, wholesale, habitational, lessor risks, retail, service and processing, artisan contractors, plus the new addition of hotels and motels. It also offers increased liability limits of $2 million.

鈥湷怨细＠�社 is excited to bring the newly enhanced BOP product to the South Carolina business community,鈥� said Ed Konar, President of 吃瓜福利社. 鈥淭he expansion of our commercial footprint is a direct response to the market鈥檚 strong appetite for reliable commercial products, and 吃瓜福利社 is ready to meet the demand.鈥�

The BOP announcement comes at a time of continued pressure for South Carolina鈥檚 commercial property insurance marketplace, driven by rising rates, new business restrictions, carrier exits, and few small business insurance markets.

鈥淪ageSure is proud to partner with 吃瓜福利社 to deliver solutions producers rely on to serve the growing needs of business owners in the Southeast,鈥� said Victor dos Santos, President of Commercial Insurance at SageSure. 鈥淲e are excited to bring our market-leading quoting and buying experience, exceptional service, and broad appetite for risk to South Carolina鈥檚 commercial market.鈥�

吃瓜福利社鈥檚 BOP offering is underwritten and distributed by SageSure and exclusively available through SageSure鈥檚 vast network of independent agents and national brokers. To learn more, visit聽.

About 吃瓜福利社

吃瓜福利社 is the member-owned insurance company for reliable coastal property protection. Founded in 2021, 吃瓜福利社 is managed by a team of experienced and passionate insurance leaders who believe in building a safer world, one coastal property at a time. With more than 170,000 policyholders and more than $470 million of inforce premium to date, 吃瓜福利社 has grown rapidly to meet the needs of challenging markets while prudently managing exposure. As the first Texas-domiciled reciprocal since 2004, 吃瓜福利社 is customer-focused by design and offers homeowners, dwelling fire, flood, and commercial coverage through an exclusive partnership with SageSure. 吃瓜福利社 is rated A, Exceptional, by Demotech, Inc. and is currently available in Alabama, Louisiana, Mississippi, South Carolina, and Texas.

About SageSure

SageSure is the managing general underwriter pioneering ways people protect their American Dream. A leader in catastrophe-exposed property insurance, SageSure was founded in 2009 to deliver reliable products, exceptional customer experiences, and strong underwriting results in challenging insurance markets. SageSure currently operates in 14 states and provides home, flood, and commercial coverage on behalf of its highly rated carrier partners. With more than $1 billion of inforce premium and 600 employees across the country, SageSure is the largest residential property insurance MGU in the US. To learn more, visit聽sagesure.com.