CUNA Mutual Insurance Agency has partnered with Lee and Mason Financial Services, Inc. to offer a stand-alone Commercial Foreclosure policy for credit unions" member business loans. Under this program, credit unions can choose to cover the property (building, contents including equipment) and/or business liability. Information and an online application are available below. 

Link for Information and Application

For more info, contact Paul Baker
888-685-8442 x15
pbaker@leeandmason.com

SCOTTSDALE, Ariz. - Freedom Specialty, a Scottsdale Insurance Company operation, is partnering with Lee & Mason Financial Services, Inc. to offer one of the most comprehensive programs for Insurance Agents Errors and Omissions in the marketplace.  

"We are delighted to partner with an organization of the quality and strength of Freedom Specialty,” Lee & Mason Financial Services Senior Vice President Ray Wahl said. “Having the support of this program-oriented operation that also brings the customer focus and A+XV rating of Scottsdale Insurance is a tremendous opportunity for us.” 

Craig Landi, Freedom Specialty Senior Vice President added, “We look forward to combining our financial strength with Lee & Mason’s underwriting expertise to effectively address the E&O needs of Property and Casualty Agents, Life/Health Agents, Wholesalers, MGA’s and Program Administrators.” 

Insurance Agents E&O with limits of up to $5 million are available on either a primary or an excess basis and minimum premiums generally start around $4,000 ($7,500 in CA and TX). Coverage will be available on an admitted basis in most states. 

For further information about Insurance Agents and Brokers Professional Liability coverages, contact Linda Blechman at Lee & Mason at 860-677-0500 ext 404 or visit www.leeandmason.com. 

About Freedom Specialty

Freedom Specialty is a premier New York based Scottsdale Insurance operation providing superior risk management solutions and personalized service in specialty liability insurance.

Freedom Specialty benefits from Scottsdale’s A+XV rating to provide the financial strength and stability their customers expect and deserve. Scottsdale Insurance Company is a wholly owned subsidiary of Nationwide Mutual Insurance Company, headquartered in Columbus, Ohio.

Visit www.freedomspecialtyins.com to learn more about Freedom Specialty, or call John Lopes at 212-329-6925

About Lee & Mason

Lee & Mason Financial Services, Inc. is a leading provider of both Insurance Agents Errors & Omissions and Miscellaneous Professional Liability coverages. With more than 90 years of combined underwriting experience, they have the expertise to offer coverage customized to the individual needs of each insured.

Lee & Mason operates as a full-service program administrator, handling underwriting, quoting and binding, policy issuance, premium collection and complete claim reporting.

Lee & Mason announces launch of PDSpeedy.com Lee & Mason announces the launch of PDSpeedy.com: A web-based enrollment system that makes it easy to write physical damage coverage as part of the auto loan when the loan is made.

The system is ideal for non-prime auto finance companies that have many loan applicants who, due to impaired credit, may have trouble getting physical damage coverage as required by the loan agreement. The borrower can purchase liability only coverage in order to get the vehicle titled and registered, while the lender simply adds the physical damage coverage into his/her monthly loan payments.

Since premiums are paid for on a monthly basis, if the loan goes into default, the lender can quickly cancel coverage on the vehicle loan.  There are no large annual premium amounts to pay for upfront or to await partial refunds of when cancelled.

This coverage can be used together with Blanket Single Interest coverage to provide extra coverage, like Skip, for the entire loan portfolio, and to catch uninsured damage to vehicle loans when the borrower declined to purchase the physical damage coverage or let his/her primary insurance lapse or cancel.

With more vehicle loans carrying physical damage coverage at loan inception and for many months thereafter, the Blanket Single Interest policy will remain more stable from a standpoint of coverage and rate per loan charged.

For more info, contact Jim Finnegan 877-562-4311 x402 jim@leeandmason.com