Philadelphia Insurance Company: An Overview

Philadelphia Insurance Company (PHLY) is a US-based property and casualty insurance company that provides specialized insurance products to small and mid-sized businesses, as well as individuals across the country. Founded in 1962, PHLY has grown to become one of the leading insurance providers in the country. In this article, we will provide a comprehensive overview of the company, its products, and services.

History

The company was founded in 1962 by James J. Maguire as an independent brokerage firm that specialized in workers’ compensation insurance. In 1980, PHLY shifted its focus to underwriting and began offering a wide range of specialty commercial insurance products. The company went public in 1988 and has continued to expand its operations across the country.

Today, the company is headquartered in Bala Cynwyd, Pennsylvania, and has more than 50 offices throughout the US. PHLY employs over 2,000 professionals and serves over 120,000 policyholders across various industries, including healthcare, construction, entertainment, and sports.

Products and Services

PHLY offers a wide range of insurance products and services for small and mid-sized businesses, as well as individuals. The company’s products include:

Product Category
Products
Commercial Auto Insurance
– Liability Coverage
– Physical Damage Coverage
– Uninsured/Underinsured Motorists Coverage
General Liability Insurance
– Premises Liability
– Product Liability
– Completed Operations Liability
Workers’ Compensation Insurance
– Employer’s Liability Coverage
– Medical Expense Coverage
– Wage Loss Coverage
Property Insurance
– Building and Contents Coverage
– Business Interruption Coverage
– Equipment Breakdown Coverage
Professional Liability Insurance
– Errors and Omissions Coverage
– Directors and Officers Coverage
– Employment Practices Liability Coverage

PHLY also offers customized insurance solutions for various industries, including healthcare, transportation, construction, entertainment, sports, and non-profit organizations. The company’s services include risk management, loss control, and claims administration.

Industry Recognition

PHLY has received numerous awards and recognitions for its exceptional products and services. The company has been consistently ranked as one of the top property and casualty insurers in the US by industry publications such as the National Underwriter and Business Insurance. PHLY has also received various awards for its community service and philanthropic initiatives.

FAQ

What types of businesses does PHLY insure?

PHLY offers insurance solutions for a wide range of industries, including healthcare, transportation, construction, entertainment, sports, and non-profit organizations.

What services does PHLY offer?

PHLY offers risk management, loss control, and claims administration services to its policyholders.

What awards and recognitions has PHLY received?

PHLY has been consistently ranked as one of the top property and casualty insurers in the US by industry publications such as the National Underwriter and Business Insurance. The company has also received various awards for its community service and philanthropic initiatives.

Where is PHLY located?

PHLY is headquartered in Bala Cynwyd, Pennsylvania, and has over 50 offices throughout the US.

How long has PHLY been in business?

PHLY was founded in 1962 and has been in business for over 58 years.

Conclusion

Philadelphia Insurance Company is a leading property and casualty insurance provider in the US that offers specialized insurance products and services for small and mid-sized businesses, as well as individuals. The company’s commitment to excellent customer service and customized solutions has earned it numerous awards and recognitions across various industries. Whether you are looking for commercial auto insurance, general liability insurance, workers’ compensation insurance, property insurance, or professional liability insurance, PHLY has the expertise and resources to meet your needs.