Continental Indemnity Company (New Mexico); Contacts, Services, Financials, Claims, Reviews, Benefits and FAQs

Continental Indemnity Company (New Mexico) is a well-known insurance company. It has a strong financial position and a good track record for handling claims.

They provide various insurance options for both businesses and individuals. If you need insurance, consider CIC as a reliable choice.

Continental Indemnity Company (New Mexico)

Continental Indemnity Company (New Mexico)

Continental Indemnity Company (New Mexico) operates as a property and casualty insurance company based in New Mexico.

It falls under the umbrella of Applied Underwriters, Inc., a Berkshire Hathaway subsidiary.

This company provides a range of insurance products, such as workers’ compensation, commercial liability, and commercial property insurance.

Established in 1986, Continental Indemnity Company calls Santa Fe, New Mexico, its home base.

Additionally, it maintains offices in multiple states, like Nebraska, Texas, and Utah. The company holds licenses to conduct business in all 50 states.

Continental Indemnity Company belongs to the Applied Underwriters group.

Applied Underwriters leads in offering special insurance products and services. They’re highly regarded for both financial stability and customer service.

Contact Details

  • Corporate Office: 308 Catron Street, Santa Fe, NM 87501
  • Phone: (505) 982-3424
  • Fax: (505) 982-3432
  • Website:

Continental Indemnity Company (New Mexico): Services and Products

CIC offers a variety of insurance products for businesses and individuals, including:

  • Workers’ compensation
  • Commercial liability
  • Commercial property
  • Professional liability
  • General liability
  • Umbrella liability
  • Business owner’s policy (BOP)
  • Employment practices liability insurance (EPLI)
  • Directors and officers liability insurance (D&O)
  • Fidelity bonds
  • Surety bonds

Financial Details

As of December 31, 2022, CIC had total assets of $14.7 billion and total liabilities of $10.7 billion.

The company’s net income for the year was $1.1 billion. CIC holds an “A-” (Excellent) rating from AM Best, a leading insurance rating agency.

Claims Cancellations and Renewals

Claims are when you ask your insurance company for money to cover a loss. When you make a claim, the insurance company checks if it’s covered by your policy. If it is, and they agree, they’ll pay you up to your policy’s limit.


Cancellations happen when your insurance policy ends early. You or the insurance company can start it. Some common reasons for this include:

  • Not paying your premiums
  • Giving false info on your application
  • Breaking the policy rules
  • Having too many claims

The insurance company usually has to tell you in writing before they cancel, depending on where you live.

Renewals at Continental Indemnity Company (New Mexico)

Renewals mean continuing your insurance policy for another term. When your policy ends, you get a renewal notice with the new cost and any changes.

You can renew with your current company or look for a new one. If you renew, you usually have to pay the new cost in full.

Differences between Cancellations and Non-Renewals

Cancellation ends a policy early, while non-renewal means it won’t continue after the term.

The insurer can cancel for specific reasons anytime, but not after 60 days for most other reasons.

Non-renewal can happen for any reason but usually requires the insurer to notify you in advance.

Customer Reviews

CIC enjoys a positive reputation among its customers, with a 4.5-star rating on Trustpilot from over 1,000 reviews. Customers appreciate CIC for its customer service, claims handling, and competitive rates.

Advantages of Choosing Continental Indemnity Company (New Mexico) Policies

  1. Financial Stability: Continental Indemnity Company is a subsidiary of Applied Underwriters, Inc., a Berkshire Hathaway company, known for its strong financial stability and global presence. This provides assurance that your insurance is backed by a financially robust parent company.
  2. Wide Range of Insurance Products: Continental Indemnity Company offers a comprehensive portfolio of property and casualty insurance, including workers’ compensation, commercial liability, and commercial property insurance. This one-stop approach simplifies insurance procurement for businesses.
  3. Competitive Pricing: The company provides competitive pricing for its insurance products, helping businesses manage and reduce their insurance costs.
  4. Strong Customer Service: Continental Indemnity Company is recognized for its strong customer service, ensuring responsiveness to claims and offering policyholders the support they need.

Specific Benefits for Policyholders:

  1. Safety Programs: Continental Indemnity Company offers safety programs to assist businesses in minimizing accidents and injuries, resulting in cost savings on insurance and fostering a safer work environment.
  2. Claims Management: With a team of experienced claims professionals, the company ensures efficient claims management, reducing disruptions to business operations caused by claims.
  3. Risk Management: Continental Indemnity Company helps businesses identify and manage their risks, leading to lower chances of losses and enhanced financial stability.

Frequently Asked Questions (FAQs)

  • What states is CIC licensed in? CIC is licensed to do business in all 50 states and the District of Columbia.
  • What types of businesses does CIC insure? CIC insures a wide range of businesses, including small businesses, mid-sized businesses, and large corporations.
  • What types of individuals does CIC insure? CIC insures individuals, including professionals, self-employed individuals, and homeowners.
  • How can I get a quote from CIC? You can obtain a quote from CIC by contacting a local independent insurance agent or by visiting the company’s website.

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