Large Deductible Minimum Premium Decreased to $100,000 in Indiana & Illinois

May 27, 2014

Synergy Insurance Company has filed and received approval for a decrease in the minimum standard premium for our Large Deductible program in Indiana and Illinois.  Policies in these states with a minimum premium of $100,000 are now eligible for the Large Deductible program, effective on and after May 1, 2014.  In addition to the more inclusive program eligibility, employers can select from a wide range of deductible options starting as low as $25,000.

Synergy's Deductible programs can help generate new business and increase renewal retention rates.  Employers also benefit from our Deductible programs by experiencing additional cost savings and increased awareness of safety in the workplace, resulting in decreases in claims frequency and severity.

Please contact your Marketing Underwriter if you have any questions about this change, or any other product offerings of Synergy Insurance Company.