Newsbrief

July 5, 2022

MI: New verification and lower commercial auto rates

Effective July 1 in Michigan, Liberty Mutual<sup>®</sup> Commercial Auto new business rates have been reduced up to 20%. Underwriters will also have increased flexibility to reduce rates up to an additional 20% for high-quality new business accounts.

 

To support this rate reduction, we’re introducing a post-bind coverage verification step. Now when you indicate an active Workers Compensation policy is present and that policy isn’t with Liberty Mutual, you’ll need to provide a copy of the declarations page to us. If we don’t receive verification of an active Workers Compensation policy, we’ll adjust the PIP coverage on the auto policy and the premium will be increased accordingly.

 

Now that you can offer Michigan clients a more competitive price, there’s no better time to learn more about our auto coverage.

Effective July 1 in Michigan, Liberty Mutual<sup>®</sup> Commercial Auto new business rates have been reduced up to 20%. Underwriters will also have increased flexibility to reduce rates up to an additional 20% for high-quality new business accounts.   To support this rate reduction, we’re introducing a post-bind coverage verification step. Now when you indicate an active…

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