Earlier this year we introduced you to our wholesale brokerage operation, Allied Building Material Agency, Inc. (ABM). After years of lying dormant under the umbrella of Indiana Lumbermens Mutual Insurance Company (ILM), PLM brought ABM back to life with a new staff, headed by VP Angelo Ganguzza, and some hearty enthusiasm. In January of 2020, we hit the ground running and haven’t stopped since.
The restoration of ABM came after many years of PLM contemplating how to help our customers and retail broker partners with the workers’ compensation line of business. PLM, as a carrier, ceased to write workers’ comp coverage for our insureds years ago, but our insureds and broker partners have never stopped requesting it. It was, and will always be, important to PLM to find solutions for our customers and brokers. Thankfully, a solution to offering affordable and comprehensive workers’ comp coverage presented itself in the onboarding of Angelo and the reformation of ABM.
ABM’s mission is to work with our insured and broker partners to help place the Workers’ Compensation coverage on wood businesses, even without PLM writing the coverage directly. Our ABM team comes with years of experience in insurance, years of insuring the wood industry, and years of employment with PLM. We honed our skills in brokerage operations, customer service, and manning underwriting desks. We have met with wood industry customers and prospects, performed loss control services and inspections, walked our insureds through claims, billing, and coverage issues, and have met with retail and wholesale brokers the country over. We are well equipped to vet and continually assess the workers’ comp carriers with whom we partner to anticipate and respond to our customers’ needs.
In our nine short months of operation, we have partnered with an array of A-rated, national carriers we have deemed the best fit for our customers’ workers’ comp needs. We continue to work and share knowledge with PLM’s Underwriting, Claims, Customer Service and field teams in order to make sure that our customers’ relationships with their familiar PLM partners are both intact and enhanced.
To date, our efforts have resulted in over $1,000,000 in workers’ comp written premium, with the number of bound accounts growing each month. We have developed strong relationships with our carriers and their underwriting teams. We have even developed an exclusive program for our sawmill and Primary Manufacturing customers. In short, we have had the pleasure to expand PLM’s offerings, and to allow PLM/ABM to collectively cater to our customers’ complete needs. We are thrilled with our results and feedback so far, and we look forward to the many potential ways in which we can make our customers’ and brokers’ lives easier.
You can send your Workers’ Comp submissions to NewBiz@plmins.com. The Workers’ Comp submission requirements are the same as what you’re used to.
- Acord 130 – Work Comp application
- Payroll and employee count by class code
- 4 years company valued Loss runs with explanation for any loss > $25K
- Experience Mod Worksheet
- Target and expiring premiums
If you have any questions, you can reach the ABM team:
Angelo Ganguzza, Vice President & General Manager Brokerage Operations, 267-825-9046, aganguzza@plmins.com
Genevieve Ventiere, Brokerage Marketing Manager, 267-825-9254, gventiere@plmins.com
Janice Fisher, Brokerage Underwriting Representative, 317-875-3779, jfisher@plmins.com
