Federated Insurance Announces COVID-19 Client Credit
Federated Insurance has worked closely with their customers to help them find their way through these unprecedented times and as a result Federated announced their COVID-19 Client Relief Credit, providing premium reductions for their customers in our industry and others throughout the country.
Federated’s COVID-19 Client Relief Credit will provide a 15 percent credit based on Business Auto premium, Auto Dealer/Garage Coverage Part premium, and Businessowners Policy (BOP) premium from March 15 to June 15.
Policies must be in force at the time relief credit is applied. These actions are subject to regulatory approval.
Policyholders will automatically see the COVID-19 Client Relief Credit applied in the upcoming months.
Throughout the COVID-19 crisis, they have provided the latest guidelines to help our members navigate through these times. In addition, they have provided billing options to ease cash flow concerns and adjusted payroll and premium basis, where appropriate.