Edition:
United States

Profile: Safety Insurance Group Inc (SAFT.OQ)

SAFT.OQ on NASDAQ Stock Exchange Global Select Market

79.75USD
12 Dec 2017
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Safety Insurance Group, Inc., incorporated on June 25, 2001, is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company's product line includes private passenger automobile, commercial automobile, homeowners, business owners' policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft. The Company operates through its insurance company subsidiaries, Safety Insurance Company, Safety Indemnity Insurance Company, and Safety Property and Casualty Insurance Company.

Private Passenger Automobile

The Company's private passenger automobile insurance is its primary product. Private passenger automobile policies provide coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured's car occupants, and physical damage coverage for an insured's own vehicle for collision or other perils.

Commercial Automobile

The Company's commercial automobile policies provide coverage for bodily injury and property damage to others, no-fault personal injury coverage, and physical damage coverage for an insured's own vehicle for collision or other perils resulting from the ownership or use of commercial vehicles in a business. It offers insurance for commercial vehicles used for business purposes, such as private passenger-type vehicles, trucks, tractors and trailers, and insure individual vehicles as well as commercial fleets.

Homeowners

The Company offers a selection of coverage forms for qualified policyholders. Homeowners policies provide coverage for losses to a dwelling and its contents from numerous perils, and coverage for liability to others arising from ownership or occupancy. It writes policies on homes, condominiums and apartments.

Business Owners Policies

The Company serves small and medium sized commercial accounts with a program that covers apartments and residential condominiums; mercantile establishments, including limited cooking restaurants; offices, including office condominiums; processing and services businesses; special trade contractors, and wholesaling businesses. Business owner policies provide liability and property coverage for perils, including business interruption from a covered loss. Equipment breakdown coverage is automatically included, and a range of additional coverage is available to qualified customers. It writes policies for business owners at standard rates with qualifying risks eligible for preferred lower rates.

Personal Umbrella

The Company offers personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner's insurance policies to clients. It writes policies at standard rates.

Dwelling Fire

The Company underwrites dwelling fire insurance, which is a limited form of a homeowner's policy for non-owner occupied residences. It writes all forms of dwelling fire coverage at standard rates with qualifying risks eligible for preferred lower rates.

Commercial Umbrella

The Company offers an excess liability product to clients for whom it underwrites both commercial automobile and business owner policies. The program is directed at commercial automobile risks with private passenger-type automobiles or light and medium trucks. It writes commercial umbrella policies at standard rates.

Inland Marine

The Company offers inland marine coverage as an endorsement for all homeowners and business owner policies, and as part of its commercial package policy. Inland marine provides additional coverage for jewelry, fine arts and other items that a homeowners or business owner policy would limit or not cover.

Watercraft

As of December 31, 2016, the Company offered watercraft coverage for small and medium sized craft with maximum lengths of 32 feet and maximum speed of 39 knots. It writes this coverage as an endorsement to its homeowner's policies.

The Company competes with Commerce Insurance Company, Liberty Mutual, Arbella Insurance Group, Progressive Insurance Company, AIG, Vermont Mutual, Preferred Mutual, IDS, Occidental, GEICO, Harleysville, Foremost, Allstate, The Travelers Indemnity Insurance Company, Arbella Mutual Insurance Company and MAPFRE SA.

Company Address

Safety Insurance Group Inc

20 Custom House St
BOSTON   MA   02110-3513
P: +1617.9510600
F: +1302.6555049

Company Web Links