Electric insurance co

electric insurance co

Electric Insurance Company

With a name like Electric Insurance Company, they had to be connected to GE in some way and it's true. Read their history below and then get a quote for your car or home insurance.

Electric Insurance Company:

"Our Electric Roots: If you’re wondering how we got our name, you’re not alone.

How does a company that sells auto, homeowners, condo, and renters insurance end up with 'Electric' in its name? Well, if you guessed it has something to do with one of the world’s largest and most respected companies, you’re correct.

The Electric Insurance name comes from GE, as in General Electric, and that’s where our story begins. In the early 1960s, GE employees were looking for insurance products to cover their auto and home. Enter, Electric Insurance. Incorporated in 1966 as a Massachusetts property and casualty insurer, we began offering auto and home insurance to these GE employees.

Our GE employee customers have played a major role in our continued success. Once they experienced our incredible customer service first-hand, they quickly told their family and friends to check us out. As you can imagine, there was an incredible domino effect.

Today, we remain intensely loyal to our GE customers but also offer our products to general consumers who rave about our personalized, no hassle approach to insurance.

A quick look at our customer base will tell you that today our policyholder population is about 60% GE and 40% general customers. Through our cutting-edge website, we provide world-class auto insurance service to customers countrywide".

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Average Salary for Electric Insurance Company Employees

Average Salary for Electric Insurance Company Employees

  • Currency: USD
  • Updated: 24 Aug 2017
  • Individuals Reporting: 11
  • View Table

Find out more about pay at Electric Insurance Company

based on 4 votes.

Electric insurance co

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Reviewed on October 18, 2011 / 0 reviews

This Electric Insurance Health Insurance Company Review explores Beverly, Massachusetts-based Electric Insurance Company. Electric Insurance Company was started in 1927 in order to provide workers’ comp benefits to the employees of General Electric Company. The company added personal insurance lines in 1996. By 2003, Electric Insurance Company opened its doors to the general public. In 2011, about half of Electric Insurance Company’s policyholders have no affiliation with General Electric.

If you’re thinking about changing health insurance carriers, compare your current health insurance rates with comparative health insurance quotes—start the process by typing in your zip code now!

Continue reading about Electric Insurance Company to identify whether the company’s products and services match your health insurance needs.

Electric Insurance Company writes property & casualty insurance policies insurance coverage for individuals and families such as:

The company insures approximately 130,000 people in all 50 states. The company employs about 550 people at their headquarters. Electric Insurance Company also underwrites commercial insurance for GE. The company has some Canadian and European Union clients but focuses on domestic property & casualty insurance lines.

Electric Insurance Health Insurance Company Contact Information

Electric Insurance Company headquarters is located at:

75 Sam Fonzo Drive

Beverly, MA 01915

Phone number: 978-921-2080

Elm Insurance Company of Montpelier, Vermont is authorized to market some Electric Insurance Company products and services. Contact Elm Insurance Company at +1-802-229-5042.

Electric Insurance Health Insurance Company Products and Services

Our research shows the company doesn’t underwrite health insurance coverage. Electric Insurance Company writes:

  • Auto
  • Home
  • Umbrella or personal liability coverage
  • Identity theft
  • Condominium or tenants’ insurance
  • Emergency roadside assistance

Current GE employees receive additional discounts to purchase insurance coverage from Electric Insurance Company. In addition, GE employees may pay for their insurance plans by authorizing payroll deductions. Employees also receive discounts on a number of unrelated to insurance products and services as clients of Electric Insurance Company.

GE employees may refer friends and relatives to Electric Insurance Company.

Electric Insurance Health Insurance Company Financial Information

According to Dun & Bradstreet, Electric Insurance Company generated annual sales of approximately $412.4 million in fiscal year 2010. The company derived $25.48 million in annual net income that year.

Electric Insurance Company competes most directly with:

In regional markets, Electric Insurance Company competes with:

Electric Insurance Company uses a network of independent insurance agents and brokers to market and sell insurance products and services. The company also uses direct marketing and Internet advertising to identify new customer relationships.

Electric Insurance Health Insurance Company Claims

According to the company’s website, 99% of clients with the experience of submitting a claim to the insurance company had a positive experience. Electric Insurance Company’s website proclaims the company’s commitment to customer service. Customers may call the customer service hotline toll-free (+1-800-342-5342) to report a claim around the clock on any day of the year. In the example of placing an auto insurance claim, an insurance adjuster takes the initial claim report and fills out an incident report.

The next steps include taking the damaged vehicle for a repair estimate. Electric Insurance Company then issues a settlement check, less the insured’s deductible. The insured then takes his auto to the repair shop. Inspection after repairs is allowable at the client’s option.

Home insurance claims are submitted to the same claims service number.

Electric Insurance Company uses a national network of independent insurance agents and brokers. Insurance agents interested in selling Electric Insurance Company’s products and services must receive prior approval by the company. The company pays out commissions to members of its authorized independent agent and broker network.

Interested agents may submit a resume and cover letter through the company’s online employment portal.

Electric Health Insurance Company’s Career portal enables interested persons to apply for open positions in the company. On a regular basis, the company hires:

  • Insurance sales
  • Marketing
  • Customer service
  • Claims professionals

According to the company website, students and recent graduates may also find opportunities for employment offered from time to time. Economics, mathematics, finance, accounting, or statistics majors may have an interest in the company’s analyst development program. Graduates of the program train for positions in data and financial analysis.

Information technology or computer science graduates may have an interest in training for careers in the company’s information services division.

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