Trisura Insurance Company Oklahoma is a new insurance product that offers customized insurance and surety solutions for niche industries and corporate clients.
It is a subsidiary of Trisura Group Ltd., a Canadian specialty insurance provider.
In this blog post, we will review the company details, basic information, services and products, financial details, coverage details, claims, and customer experiences of Trisura Insurance Company Oklahoma.
Trisura Insurance Company Details
In 2019, Trisura Group Ltd. acquired State National Insurance Company, Inc. and renamed it as Trisura Specialty Insurance Company.
In 2020, Trisura Specialty Insurance Company filed a new private passenger auto insurance program in Oklahoma using its newly-acquired carrier.
The proposed effective date for the new program is July 1, 2021.
The CEO and leadership team of Trisura Company Oklahoma are the same as those of Trisura Group Ltd. They are:
- David Clare: President and CEO
- Bryan Sinclair: CFO
- Michael George: COO
- Chris Sekine: President of Trisura Guarantee
- Richard Patrick: President of Trisura Specialty
- Mike Beasley: President of Trisura US
Trisura Company Oklahoma is a relatively small player in the insurance market, with a market share of less than 1% in Oklahoma as of 2020.
However, it has the potential to grow rapidly as it targets underserved and niche markets with tailor-made solutions.
Trisura Insurance Company Basic Information
The following table summarizes the basic information of Trisura Insurance Company Oklahoma:
| Category | Information |
|---|---|
| Phone Number | (405) 583-6100 |
| Address | 210 Park Ave STE 1300 Oklahoma City, OK, 73102-5639 |
| Customer Service Contact | Contact Us |
| Policy Details | Policy Documents |
| Email Address | info@trisura.com |
| Fax Number | (405) 583-6101 |
| Operating Hours | Monday – Friday, 9 a.m. – 5 p.m. CT |
Trisura Insurance Company Services & Products
Trisura Company Oklahoma offers various types of insurance and surety products for niche industries and corporate clients.
Some of the products include:
- Auto Insurance: This is the insurance that covers the liability and physical damage of vehicles owned or used by the insured. It includes personal auto, commercial auto, fleet auto, and garage auto insurance.
- Property Insurance: This is the insurance that covers the loss or damage of property owned or used by the insured. It includes commercial property, inland marine, builders risk, equipment breakdown, and cyber insurance.
- Liability Insurance: This is the insurance that covers the legal liability of the insured for bodily injury or property damage to third parties. It includes general liability, professional liability, directors and officers liability, employment practices liability, environmental liability, and umbrella/excess liability insurance.
- Surety Bonds: These are the bonds that guarantee the performance or payment obligations of the principal to the oblige. They include contract bonds, commercial bonds, court bonds, and fidelity bonds.
However, it does offer temporary or short-term policies for clients who need coverage for less than a year.
Clients can choose from 6-month or 12-month policies and cancel at any time without penalty.
Trisura Insurance Company Financial Details
The premium costs of Trisura Oklahoma vary depending on the product type, industry, client profile, coverage options, and discounts.
Trisura claims that its insurance products can offer competitive rates and flexible terms compared to traditional insurers.
However, the actual costs may vary depending on the individual circumstances and the comparison rates.
Trisura Oklahoma offers two payment options for its insurance products:
- Monthly: Clients can pay their premiums monthly
- Annually: Clients can pay their premiums annually and get a 5% discount.
Trisura Company Oklahoma also offers discounts and promotional offers for its insurance products. These include:
- Niche Discount: This is a discount for clients who belong to niche industries or markets that Trisura specializes in, such as construction, energy, or healthcare.
- Loyalty Discount: This is a discount for clients who renew their policies with Trisura or refer new clients to Trisura.
- Safety Discount: This is a discount for clients who implement safety measures or programs to reduce their risk exposure, such as training, audits, or certifications.
Trisura Company Oklahoma has a high claim payout ratio, which means that it pays out a large proportion of its premiums in claims.
According to its latest financial statement, it had a claim payout ratio of 89.2% in 2020.
This indicates that it is financially stable and able to meet its obligations to its clients.
Trisura Insurance Company Customer Reviews
Some customers praised the company for its competitive rates, customized solutions, and seamless integration.
They also appreciated the niche discounts and the loyalty discount offered by the company.
However, some customers complained about the limited business profile, the potential execution risk, and the lack of international coverage.
They also reported some issues with the customer service, the claim process, and the payment options
FAQs
- How do I get a quote or buy a policy from Trisura Insurance Company Oklahoma? You can get a quote or buy a policy from Trisura Company Oklahoma through its website or by contacting one of its agents or brokers. You will need to provide some information about your industry, business, and insurance needs. You will also need to choose your coverage options and payment method. You can review and adjust your quote before finalizing your purchase. You will receive a confirmation email with your policy number and documents after you buy a policy.
- How do I manage or update my policy from Trisura Insurance Company Oklahoma? You can manage or update your policy from Trisura Company Oklahoma through its website or by contacting your agent or broker. You can access your policy documents, make changes to your coverage, add or remove products, update your business information, view your billing history, and make payments. You can also contact customer service by phone, email, or online chat if you need assistance.
- How do I file a claim with Trisura Insurance Company Oklahoma? You can file a claim with Trisura Company Oklahoma through its website or by contacting your agent or broker. You will need to provide some details about the incident, such as the date, time, location, and description of what happened. You will also need to upload photos of the damage and any other relevant documents. You will receive a claim number and a dedicated claims representative who will guide you through the process. You can track the status of your claim and communicate with your claims representative through the website or phone.
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I’m Jose, a business enthusiast and an expert in the insurance field. As a graduate of Eastern University in Business Administration, I have gained significant knowledge insurance. Join me as we delve into everything you need to know about insurance.