Dec 5, 2024, 2:20 PM
Dec 5, 2024, 2:20 PM

Summit expands workers' compensation coverage into Illinois, sparking debate over insurance access

Highlights
  • Summit has received regulatory approval to provide workers' compensation insurance in Illinois.
  • Agents can use Summit's WriteNow Online Quoting Service for quote requests.
  • This expansion aims to meet increasing demand for workers' compensation coverage in the state.
Story

In recent months, Summit, a prominent provider of workers' compensation insurance, has strategically expanded its services into Illinois, marking a significant milestone in the company’s growth. The Illinois Department of Insurance has granted regulatory approval for Summit-managed carriers, including Bridgefield Casualty Insurance Company, Bridgefield Employers Insurance Company, and Bridgefield Indemnity Insurance Company, to offer their services in the state. Each of these carriers has earned an A+ rating from A.M. Best Company, representing their reliability and financial strength in the industry. This move into Illinois allows independent agents working with Summit to utilize the WriteNow Online Quoting Service, streamlining the process of obtaining quotes for clients seeking workers' compensation insurance. Shannan Kennedy, a key contact for agents interested in partnering with Summit, has provided support through direct communication channels, allowing property and casualty agents to quickly embrace Summit's competitive offerings. Summit currently operates in several states, including Alabama, Florida, Georgia, Indiana, Kentucky, Louisiana, and Virginia, in addition to its newest venture in Illinois. The organization manages day-to-day operations of six insurance companies, including both affiliates and non-affiliates, which broadens their reach and capabilities in the marketplace. Their presence in various locations, such as Lakeland, Florida, Baton Rouge, Louisiana, and Gainesville, Georgia, showcases their commitment to delivering high-quality service across the southeastern United States. The expansion into the Illinois market signifies a strategic response to growing demands for workers' compensation coverage in the area. With a strong network and reliable product options, Summit aims to establish a notable presence in Illinois while continuing to support independent agents and their clients. As businesses in Illinois seek comprehensive insurance solutions, Summit positions itself to be a competitive player in the insurance landscape, enhancing protections for employers and employees alike.

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