Purchasing insurance through the ACT Insurance Program, you save money on premiums because you are part of a group acquiring insurance directly from a carrier. Programs allow businesses and individuals of similar industries to basically buy insurance in bulk from an insurer, resulting in lower individual premiums. You don’t share coverage limits, just savings.
We don’t believe in waiting, so your insurance policy becomes effective immediately after your online payment is verified. The verification process takes only seconds, and voila! You have coverage. You can print your insurance certificate immediately after purchasing and additional insureds can be immediately added at no extra cost.
What is an additional insured? An additional insured is a person or organization that is added to your insurance policy by endorsement.
When you add someone to your policy as an additional insured, you are extending your policy coverages to protect the additional insured from a lawsuit that was caused by your negligence.
In other words, if someone slipped in your booth and broke their arm, the injured person could sue you and the venue. Since the venue is added as an additional insured, your insurance policy would protect both you and the venue in the suit.
Can I add an additional insured after I purchase my policy? Yes, Just log into your account on the website, and within minutes you can add the additional insured and print off your certificates.
Is there a cost to add an additional insured? No, there is no cost to add additional insured. You can add as many additional insureds as needed and send them certificates accordingly. All you have to do is log back into your account, and under the policy screen click add additional insured.
A deductible is the amount of the loss that is your responsibility. For example, if you have a theft claim of $750, you will be responsible for $250 of the claim. The insurance company will pay you $500. Remember that with the ACT policy there is no liability deductible.
If you purchase an annual policy with ACT, you qualify to purchase additional excess limits. Additional excess limits allow you to increase the total of your general liability limits on your insurance policy. For only $500, you can purchase an increase of an additional $1,000,000 in coverage. After purchase, your per occurrence and aggregate limits each increase by $1,000,000.
Yes. If you are an annual policy holder, you are enrolled in EZ-Renew by default. This means your policy will automatically renew on the last day of your policy so you can avoid any gaps in your coverage. You can log in to your online account to turn of automatic renewal through EZ-Renew at any time.
To renew your policy, login to your online account. Click on “My Policies” then click the “Renew” button next to your expiring policy number. The renew button will only be available within 30 days of policy expiration date. Click that button and follow the directions.