Sentry Insurance Announces Association Program Dividends

Since 1975, Sentry Insurance Co. and the Farm Equipment Manufacturers Association have worked together to provide products liability coverage to farm equipment manufacturers and wholesale distributors.

Participants in our products liability program also qualify for consideration in Sentry’s package policy program, which includes property, inland marine, crime, premises liability, auto, umbrella, Employment Practices Liability (EPLI) and workers compensation coverages. Currently, 251 Canadian and U.S. companies participate in the products liability program, and an additional 130 companies participate in the property and casualty program, which includes workers compensation insurance.

Sentry Insurance Co. announced this week an average dividend of 10% for product liability insurance participants whose policy expired in the 2014 calendar year.

Due to the tiered dividend program, those in their first year with their policy expiring in 2014 will receive 3.5% of their premium as a dividend. Those in the program for two years will receive a 7.1% dividend, and those in the program for three full years will receive a 10.6% dividend.

Specialized farm equipment manufacturers who are not now in the FEMA-Sentry program should contact Bob Bonifas, our Association’s exclusive agent with Sentry Insurance, for a free quote.

Sentry’s customized coverages include:

• Products liability and completed operations coverage on a non-audited form.
• Customized products liability policy with coverage up to $10 million available.

Sentry’s in-depth experience working with farm equipment manufacturers continues to help them understand our members’ unique exposures, including:

• Products liability
• Machine operations and guarding
• Material handling
• Premises and facility safety
• Employee safety
• Fire hazards
• Emergencies and disasters.

As pleased as we are to share the dividend announcement with members, the most important test of any insurance program is how it responds when claims occur.

Sentry’s knowledgeable and experienced claims professionals have a proven record with our members of delivering fast and fair settlements. Its claims professionals understand the unique exposures that farm equipment manufacturers face and are committed to providing fast and fair claims resolution.

Sentry’s claims representatives actively manage claims files by adhering to the company’s established best practices. These provide a consistent, prudent and cost-effective approach for mitigating the impact of loss. Using best practices helps Sentry resolve claims efficiently and accurately. Members who insure with Sentry discover their commitment to a higher level of claims service. Sentry’s staff expertise and commitment to customer service are evidenced by their vigorous involvement in medical reviews, medical cost containment, subrogation, special investigation and litigation management.

Also, Sentry offers a number of flexible payment plans that do not include interest or finance charges.

Members should not wait until just before their insurance elapses to get a quote from Sentry. Instead, contact Bob Bonifas today at 715-346-6985 or email him at Bob.Bonifas@Sentry.com. S