#USA #Liberty Mutual #Waukee #Innovative Program Solutions #Tunnel Carwash

Innovative Program Solutions Unveils Comprehensive Insurance for Tunnel Carwash Operations

Innovative Program Solutions (IPS), a subsidiary of Holmes Murphy, has recently announced an exciting new insurance program that caters specifically to the unique needs of tunnel carwash operators. This launch, in collaboration with Liberty Mutual, aims to provide an all-encompassing solution that addresses the evolving risks associated with the carwash industry.

Understanding the Need for Specialized Coverage

Tunnel carwashes face distinctive challenges that require specialized insurance coverage. Traditional insurance options often do not adequately cover the unique risks these operators encounter, which can include equipment malfunction, environmental risks, and various liability issues. Recognizing this gap, IPS has designed its new program to ensure comprehensive protection tailored specifically for this sector.

Tim Anders, President of IPS, stated, “We are thrilled to help carwash owners take control of their insurance with tailored coverage that will grow and evolve with their business.” This statement underscores the intention behind the program, which is not just to provide coverage, but to create a strategic partnership focused on risk management and cost reduction.

Key Features of the Program

The new insurance program integrates several robust features:

• - Comprehensive Risk Assessment: The program includes thorough assessments of potential risks, helping operators identify and understand their vulnerabilities.
• - Proactive Loss Control Resources: Clients will have access to resources aimed at minimizing risks and exposures, enhancing safety protocols, and implementing best practices across their operations.
• - Expert Consultative Services: A dedicated team of industry experts will provide guidance on various insurance and risk management strategies, ensuring that carwash operators are well-equipped to handle unforeseen challenges.
• - Flexible Coverage Options: The program allows for the addition of coverage enhancements to suit the specific needs of automated carwash operations, making it a versatile choice for clients.

Partnership Dynamics with Liberty Mutual

Liberty Mutual, known for its strength and reliability in the insurance market, plays a pivotal role in this initiative. With an A.M. Best A Rated classification, their collaboration with IPS brings extensive resources and a robust platform to the program. Zach Walton, VP and Division Underwriting Manager of Liberty Mutual Programs, emphasized the importance of this partnership, stating, “IPS brings delegated authority, expertise, and a unique distribution strategy that will provide long-term success in this niche.” This collaboration not only provides peace of mind to operators but also positions them for future growth and stability.

Pricing Strategy and Encouragement of Good Practices

An innovative aspect of this program is its pricing approach. The costs will reflect the benefits derived from risk control and loss reduction, encouraging clients to adopt safer practices. As clients demonstrate better-than-average loss activity, they can expect favorable trends in pricing, rewarding proactive management.

Conclusion

The launch of this all-lines program is a significant step forward for tunnel carwash owners, combining IPS’s seamless program administration with Liberty Mutual’s industry-leading capabilities. Together, they are working to ensure that tunnel carwash operators not only protect their businesses but also thrive in an increasingly competitive landscape. With tailored coverage options and a focus on risk management, this initiative is poised to set a new standard for insurance solutions in the carwash industry.

For more information about the program, interested parties can contact IPS directly or visit their website for further details.