Wesco Auto Insurance Review

Wesco Insurance Inc was purchases by AmTrust Financial Group Inc., currently based in New York in 2006. Since the acquisition, Wesco now operates as a subsidiary of AmTrust by underwriting insurance policies for them.

Since 2006, due to becoming a wholly owned subsidiary of AmTrust, Wesco no longer sells affordable auto insurance under its own name or has a presence on the internet. Under AmTrust, the company holds a $1.28 billion market cap and has an AM Best Rating of ‘A’, which is equivalent to excellent. Try our FREE quote generator by simply entering your ZIP!

Wesco Insurance Policies
Wesco Insurance Inc was founded in 1962, originally starting as a property and casualty insurance provider to small businesses. The core of Wesco’s insurance policies remain in the small business sector, however, they have branched into other insurance divisions as well. The other policy options offered through Wesco include general liability insurance, umbrella policies, workers compensation, property insurance, specialty insurance services, and limited auto insurance.

The limited auto insurance available that Wesco underwrites for AmTrust is only offered to businesses. They will cover any number of vehicles on a company policy, from one to hundreds.

In addition to the different types of auto insurance, Wesco also offers credit protection products through the company HSBC. Previous to the days of the AmTrust acquisition, Wesco was a part of the HSBC Insurance Agency. After the acquisition, Wesco continued to offer these products to HSBC banking customers. The benefit of using Wesco to utilize HSBC banking services is that it provides consumers with credit protection coverage, almost eliminates the risk that is associated with HSBC bank services.

This arena of Wesco’s services still continues to be quite a lucrative portion of the business.

Contact Wesco Insurance

Any Wesco Insurance information available online can be found at their parent company’s, AmTrust, website:

http://www.amtrustgroup.com/

The headquarters for Wesco Insurance is still fully operational and opened. It is located at:

200 Somerset Corporate Boulevard, Suite 100
Bridgewater, New Jersey
08807
Phone Number: 1-800-627-7282

Since Wesco was fully acquired through AmTrust in 2006, contacting its parent company may be helpful for some inquires. The AmTrust Headquarters is located at:

AmTrust Financial Services
59 Maiden Lane
New York, New York 10038
Phone Number: 212-220-7120
Toll-free: 1-800-443-7187

Insurance Agents for Wesco Insurance Company

AmTrust, which is the parent company of Wesco has developed a program that allows regular agents to become “sub producing” agents. Eligible applicants must be licensed insurance agents. An application in PDF format is required that must be downloaded, filled out, and submitted for approval or agents can also choose to complete and submit the form.

Approval as a “sub producing” agent enables the agent access to the online portal, which provides an array of tools that can be employed to sell and administrate Wesco and AmTrust policies.

It is unclear whether approved agents must represent all of the insurance lines it offers for businesses or if they have the option to only represent a few lines.

Wesco Insurance Company Claims

Wesco is proud to uphold its reputation for having an extremely efficient and fast claims service in the insurance industry. Wesco, through its parent company, is able to boost a completely paperless, automated claims procedure. This platform enables insurance representatives to quickly process claims, while maintaining a green working atmosphere.

The company has stated that the overall company’s average of experience for claim processing representatives is twenty or more years. The company has also publicly stated that their agents are giving a manageable and small work load to ensure the representatives do not feel overwhelmed and are able to effectively provide each claim with extreme detail and attention.

Due to the automated paperless system, claims made with Wesco can be initiated any time, day or night seven days a week. All policy holders need to do is call the toll free number, which is located on their policy documents. Once the initial information for the claim is submitted, it will be routed to the appropriate department for further processing depending on the type of claim being filed.

For workers compensation and medical claims the company’s medical director will assist in evaluating the claim, while automobile and property damage claims will be expedited through the use of a three point contact system. Customers should still track their claims to make sure they receive their payments in a timely manner.

Final Thoughts

Wesco Auto Insurance Company is a company with an established insurance sales recorded spaning over many decades. They are known for their efficient and fast claims service, as well as being innovating, such as being one of the insurance industry’s lead companies in the effort to go green. Take advantage of our FREE quote comparison tool by entering your ZIP!

The company offers an assortment of buisness policy’s to meet an array of client needs. This company is in good finacial standing and should have no issues meeting its short or long term commitments.