SOURCE: Abacus Insurance Brokers

Abacus Insurance Brokers

August 16, 2011 10:05 ET

Abacus Insurance Brokers Launches Online Jewelers Block Program

LOS ANGELES, CA--(Marketwire - Aug 16, 2011) - Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through www.abacus.net, has launched an online Jewelers Block program.

The program is available in all 50 states on an admitted basis with an "A" rated XV carrier. Premiums start at $1,000.

The programs allow for the placement of retailers, wholesalers and manufacturers engaged in the jewelry trade. Coverage offerings include inventory and a multitude of other coverages such as office contents, tenant improvements, earthquake and flood. In addition, shipments, peak seasons, traveling salesmen and exhibitions can be scheduled.

"Abacus continues to expand its portfolio of online programs to include even more specialty programs," says Darren Lewin, Abacus Vice President of Programs. "We were attracted to the Jewelers Block world based on our first hand experience of the inefficiencies in the current distribution model. With Abacus, brokers will spend less time engaged in back and forth with carriers and more time improving their client's insurance experience and pursuing new business opportunities.

"We have created a first class product coupled with first class rates backed by an A+ XV admitted carrier. We are confident that well managed risks will find their way to our program through our vast network of more than 2,500 independent brokers."

For more information about the Abacus Online Jewelers Block program and other online insurance programs, visit www.abacus.net or contact Darren Lewin at 310-500-2302, darren.lewin@abacus.net.

About Abacus.net
Since 1998, Abacus has managed insurance programs that function entirely online. Through the proprietary abacus.net platform, brokers access specialty programs from top-tiered insurance companies. Lines and coverages from multiple carriers are assembled into a single integrated quote. The abacus.net platform performs all aspects of the insurance transaction including quoting, order placement, policy issuance and endorsing. Brokers and carrier partners benefit from substantial efficiencies, increased revenues, and cost reductions. The programs on abacus.net are written through top-tiered insurance carriers, distributed nationwide, and accessed by over 2,500 broker offices, representing over 8,000 insurance professionals. Visit www.abacus.net or contact Darren Lewin, CPA, CMA, CPCU, vice president of programs at 310-500-2302, darren.lewin@abacus.net.

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