Acuity Insurance - Company Market Research Report
Company Overview
Name
Acuity, A Mutual Insurance Company
Mission of the Company
To provide coverage that protects the things customers love and service that exceeds expectations.
Founding Information
No information is available
Key People
- Joan Ravanelli Miller - Contact for grievances
Headquarters
2800 South Taylor Drive, Sheboygan, WI 53081
Number of Employees
1,001-5,000 employees
Revenue
No information is available
Notable Facts
- Rated A+ by both A.M. Best and Standard & Poor's for financial strength.
- Protects over 125,000 businesses and over 500,000 homes and vehicles.
- Writes over $3 billion in premium through 30,000+ independent agents.
- Manages over $7+ billion in assets.
- 97% positive claims experience based on 2024 insured/claimant surveys.
Products
Personal Insurance
1. Auto Insurance
- Comprehensive vehicle coverage with features like Emergency Roadside Assistance and access to a network of repair shops.
2. Motorcycle Insurance
- Tailored coverage for motorcycles with similar benefits to auto insurance.
3. Homeowners Insurance
- Protection for homes offering various coverages including liability and property damage.
4. Condo Insurance
- Customized coverage for condominium owners to protect personal property and unit features.
5. Renters Insurance
- Affordable insurance for renters covering personal property and liability.
6. Umbrella Insurance
- Additional liability insurance to cover claims exceeding standard policy limits.
7. ID Fraud & Cyber Protection
- Protection against identity theft and cyber security threats.
Business Insurance
1. Construction
- Comprehensive coverage for construction industry including liability, property, and workers' compensation.
2. Manufacturing
- Tailored insurance solutions for manufacturers, covering property, liability, and product-specific risks.
3. Retail
- Protection for retail businesses, including inventory, liability, and property coverage.
4. Restaurants
- Insurance solutions specifically designed for dining establishments.
5. Trucking
- Coverage for commercial trucking businesses including commercial auto and workers' compensation.
6. Service Businesses
- Customizable coverage options for service-oriented businesses.
7. Auto Repair Shops
- Specialized insurance for auto repair businesses, covering garage liability and property.
8. Landlord & Rental Properties
- Insurance for property owners and managers, covering liability and property damage.
9. Offices
- Business insurance for office environments including liability and property coverage.
Coverages Available
- Liability
- Property
- Auto
- Workers' Compensation
- Excess Liability
- Packaged Coverages (Bis-Pak)
- Inland Marine
- Crime
- Cyber Suite
- Employment-Related Practices Liability Insurance
- Equipment Breakdown
Key Features of Products
Personal Insurance Features
- Auto Insurance: Emergency Roadside Assistance, network of preapproved repair shops.
- Homeowners Insurance: Liability and property damage coverage.
- ID Fraud & Cyber Protection: Protection against identity theft and cyber threats.
Business Insurance Features
- Construction Insurance: Comprehensive coverage including workers' compensation.
- Retail Insurance: Coverage for inventory and property.
- Trucking Insurance: Commercial auto and workers' compensation coverage.
Recent Developments
Recent Developments in the Company
- Named to Deloitte Wisconsin 75 list: Honored as one of Wisconsin's largest closely held companies for contributing to the Wisconsin economy for the 18th year.
New Products Launched
No information is available
New Features Added to Existing Products
No information is available
New Partnerships
No information is available
Conclusion
Acuity Insurance continues to distinguish itself with strong financial ratings and a broad array of tailored insurance products for both personal and business needs. The company is recognized for its customer-centric approach and significant contributions to the insurance industry and community.
