Relief in sight for IPC members facing high insurance costs
Apr 15, 2004
In response to industry’s recent challenges in securing quality property and casualty insurance at affordable rates, IPC—Association Connecting Electronics IndustriesŇ has selected Sentry Insurance as its preferred insurance provider for its more than 875 U.S.-based EMS, IMS/PCB manufacturing and supplier member companies.
Through the affinity agreement with Sentry, these IPC members can now economically protect their businesses against loss through the services and coverage that Sentry Insurance has specifically tailored for association members.
“As insurance costs continue to rise, IPC is pleased to offer this cost-effective protection for our members,” said Tony Hilvers, IPC’s vice president of industry programs. “Through this partnership with Sentry Insurance—a company that specializes in creating customized insurance plans for association members and one of the nation's largest insurers of small- to medium-sized businesses—our members will now have the opportunity to avoid losses and keep insurance costs under control.”
Specialists in serving the electronics manufacturing industry, Sentry Insurance has a customized insurance coverage and service plan that includes:
Business Income Protection
Personal Property in Transit
Precious Metals and Industrial Gems
Temperature, Humidity, Marring and Scratching
Product Recall and Retrofit
Founded in 1904 and now headquartered in Stevens Point, Wis., Sentry Insurance and its subsidiaries provide property and casualty insurance, life insurance, annuities and retirement programs for businesses and individuals throughout the United States. The company currently has affinity agreements with more than 21 associations.
Sentry, which is rated A+ by the leading independent rating service of insurance companies, has assets of more than $6.6 billion and a policyholder surplus of $2 billion. The company provides a wide range of services, including online safety training, fraud prevention and claims management programs.
For more information on IPC’s Sentry Insurance Program, contact Susan Filz, IPC’s industry programs project manager, at SusanFilz@ipc.org or 847-790-5384.