Columbia Casualty Company(Illinois) suits businesses and individuals seeking surplus lines insurance.
They hold a robust financial rating, offer various products and services, and are known for their quick and fair claims service.
Columbia Casualty Company (Illinois)
Columbia Casualty Company, based in Chicago, Illinois, is a domestic surplus lines insurer. It’s a part of CNA Financial Corporation, with 90% ownership by Loews Corporation.
Columbia Casualty can provide surplus lines insurance in all 50 states, the District of Columbia, and Puerto Rico.
The company started in 1908, but it began offering surplus lines insurance in 1974. Surplus lines insurance is a type of coverage you get from insurers not licensed in your state.
It’s commonly used by businesses and individuals who can’t easily find coverage from regular insurers.
Contacts Details
- Administrative Mailing Address: 151 North Franklin Chicago, IL 60606
- Corporate Home Address: 151 North Franklin Chicago, IL 60606
- Business Phone Number: (312) 822-5000
Financial Details and Ratings
Columbia Casualty Company holds a sturdy A- (Excellent) financial rating from A.M. Best, a top insurance rating agency.
This rating shows that Columbia Casualty is financially strong and can fulfill its commitments to policyholders.
Columbia Casualty Company (Illinois): Services and Products
| Services | Products |
|---|---|
| – Risk assessment | – Commercial property and casualty insurance |
| – Policy development | – Professional liability insurance |
| – Claim handling | – Directors and officers insurance |
| – Loss prevention consultation | – Errors and omissions insurance |
| – Excess liability insurance | |
| – Specialty insurance products for specific industries or professions |
Columbia Casualty aims to aid businesses and individuals in managing risks and safeguarding assets.
Their skilled professionals can assess your risks, craft tailored insurance solutions, and handle claims with speed and efficiency.
Specific examples of Columbia Casualty’s services and products
- Columbia Casualty provides commercial property and casualty insurance, safeguarding businesses from property damage, business interruption, and liability risks. They offer a range of these insurance products to businesses of all sizes.
- The company offers professional liability insurance, protecting professionals like doctors, lawyers, accountants, and engineers from liability claims related to their work.
- Columbia Casualty offers directors and officers insurance to protect corporate leaders from liability claims stemming from their decisions and actions.
- Businesses and individuals can benefit from errors and omissions insurance, which guards against liability claims arising from errors or omissions in their work. Columbia Casualty offers this insurance to a wide range of clients.
- The company also provides excess liability insurance, offering extra liability coverage above primary policy limits for businesses and individuals of all sizes.
- Columbia Casualty goes further with specialty insurance products, tailoring coverage for specific industries or professions, such as the construction, healthcare, and transportation industries.
Columbia Casualty Company is known for swiftly handling claims fairly. Policyholders can submit claims online, by phone, or by mail.
The company also has a team of skilled claims adjusters ready to assist policyholders throughout the claims process.
Reviews
Columbia Casualty Company has a positive reputation among policyholders. On Google, Columbia Casualty has a rating of 5.0 stars out of 5 stars, based on one review.
Benefits Columbia Casualty Company (Illinois) offers to its policyholders
- Broad Coverage Options: They provide a wide range of surplus lines insurance products for various businesses and individuals, including commercial property and casualty, professional liability, directors and officers liability, errors and omissions, excess liability, and specialty insurance products.
- Financial Strength: Columbia Casualty, as a subsidiary of CNA Financial Corporation, a financially stable insurance company, provides policyholders with the assurance that they will receive their claims, even in major loss scenarios.
- Experience: With over 40 years of experience in writing surplus lines insurance, they offer customized insurance solutions tailored to specific needs.
- Reputation: Columbia Casualty is highly respected in the insurance industry, as indicated by their A- (Excellent) financial rating from A.M. Best.
- Flexible Underwriting: They work with policyholders to create customized insurance solutions, accommodating unique or challenging risk profiles.
- Fast and Efficient Claim Handling: A dedicated team of experienced claim handlers ensures quick and efficient claim resolution.
- Personalized Customer Service: Policyholders have access to a dedicated account manager for assistance with all their insurance needs.
Frequently Asked Questions (FAQs)
What is surplus lines insurance?
Surplus lines insurance is a type of insurance that standard insurance companies do not provide. It’s basically used to cover high-risk or unusual situations.
Why would I choose Columbia Casualty Company (Illinois) for my surplus lines insurance needs?
Columbia Casualty Company is a reliable and financially stable insurance company. They offer a wide range of surplus lines products and services.
How do I file a claim with Columbia Casualty Company?
Policyholders can submit claims online, by phone, or by mail. Columbia Casualty also maintains an experienced team of claims adjusters prepared to aid policyholders throughout the claims process.
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