Pennsylvania Lumbermens Mutual Insurance Company Review (2024)

Pennsylvania Lumbermens Mutual Insurance Company (PLMIC) stands out in our review for its diverse insurance offerings, personalized coverage, and unwavering financial strength, reflecting a commitment to client satisfaction backed by glowing testimonials.

UPDATED: Jun 14, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Jun 14, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Jun 14, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Jun 14, 2024Fact Checked

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Pennsylvania Lumbermens Mutual Insurance Company

Average monthly rate for business insurance:

$111

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Extensive range of insurance policies, catering to diverse needs
  • Strong financial stability, providing peace of mind to policyholders
  • Personalized coverage options tailored to individual requirements
  • Excellent customer service and support
  • Positive client testimonials showcasing satisfaction

Cons

  • Rates may vary depending on individual circumstances
  • Limited geographical coverage, primarily serving certain industries and regions
  • Some policyholders may find premiums slightly higher than competitors, but it reflects the quality of coverage and service provided by PLMIC.

In this comprehensive article, we explored Pennsylvania Lumbermens Mutual Insurance Company (PLMIC), a trusted insurance provider renowned for its diverse range of coverage options and exceptional service. We began by outlining the types of insurance PLMIC offers, including property, casualty, commercial auto, workers’ compensation, and surety bonds.

Delving into the company’s history and growth, we highlighted its commitment to excellence and strong financial stability. Customer reviews affirmed the company’s dedication to client satisfaction. PLMIC’s competitive edge lies in its personalized coverage options and comprehensive risk management services.

We also discussed various discounts available to policyholders and the array of coverage options tailored to meet specific industry needs. Whether safeguarding businesses, property, or individuals, PLMIC’s extensive portfolio, financial strength, and customer-centric approach make it a top choice in the insurance landscape.

Pennsylvania Lumbermens Mutual Insurance Coverage Options

Pennsylvania Lumbermens Mutual Insurance Company (PLMIC) offers a comprehensive range of coverage options to meet the insurance needs of its clients. These coverage options are tailored to various industries and businesses. Here are some of the coverage options typically offered by PLMIC:

Property Insurance:

  • Coverage for buildings and structures against perils such as fire, theft, vandalism, and natural disasters.
  • Business interruption coverage to compensate for lost income during property damage restoration.
  • Equipment breakdown insurance to cover repair or replacement costs for essential machinery.

Casualty Insurance:

  • General liability insurance to protect against bodily injury and property damage claims.
  • Product liability coverage for businesses manufacturing or selling products.
  • Professional liability insurance for professionals like architects and engineers.
  • Umbrella liability coverage for additional liability protection beyond standard policies.

Commercial Auto Insurance:

  • Coverage for company-owned vehicles, including cars, trucks, and vans.
  • Protection against accidents, property damage, and injuries involving commercial vehicles.

Workers’ Compensation Insurance:

  • Coverage for workplace injuries and illnesses, including medical expenses and lost wages for employees.
  • Assistance with legal requirements related to workers’ compensation.

Surety Bonds:

  • Contract surety bonds to guarantee the performance of contractual obligations.
  • Commercial surety bonds for various business needs, such as license and permit bonds.

Inland Marine Insurance:

  • Protection for property in transit or specialized equipment that isn’t covered adequately by standard property insurance.

Directors and Officers (D&O) Liability Insurance:

  • Coverage for individuals serving on a company’s board of directors or as officers, protecting them from personal liability in certain legal situations.

Employment Practices Liability Insurance (EPLI):

  • Coverage for legal expenses and settlements related to employment-related claims, such as discrimination or harassment.

Fidelity and Crime Insurance:

  • Protection against employee theft, embezzlement, and other fraudulent activities within the organization.

Environmental Liability Insurance:

  • Coverage for costs associated with environmental cleanup and liability for pollution incidents.

Cyber Liability Insurance:

  • Protection against cyberattacks, data breaches, and associated legal and financial liabilities.

Professional Liability (Errors and Omissions) Insurance:

  • Coverage for professionals in various industries, including architects, engineers, and consultants, protecting against claims of negligence or mistakes in services provided.

PLMIC’s flexibility in tailoring coverage options and its industry-specific knowledge make it a valuable choice for businesses and individuals seeking comprehensive insurance solutions.

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Pennsylvania Lumbermens Mutual Insurance Rates Breakdown

Driver ProfilePennsylvania LumbermensNational Average
Clean Record$145$119
1+ Ticket$160$147
1+ Accident$190$173
DUI$225$209
Poor Credit$249$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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Pennsylvania Lumbermens Mutual Insurance Discounts Available

DiscountPennsylvania Lumbermens
Anti Theft16%
Good Student14%
Low Mileage10%
Paperless14%
Safe Driver26%
Senior Driver11%

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Pennsylvania Lumbermens Mutual Insurance Company (PLMIC) offers various discounts to its policyholders to help them save on their insurance premiums. These discounts are designed to reward responsible behavior and reduce the overall cost of coverage. Here are some of the discounts typically offered by PLMIC:

  • Multi-Policy Discount: Policyholders can save by bundling multiple insurance policies with PLMIC. For example, combining property and casualty coverage can lead to significant savings.
  • Safety Features Discount: If your business or property has safety features in place, such as security systems or fire alarms, PLMIC may offer discounts as these features reduce the risk of incidents.
  • Claims-Free Discount: PLMIC rewards policyholders who have a claims-free history. The longer you go without filing a claim, the more you can save on your premiums.
  • Loyalty Discount: Staying with PLMIC over an extended period can earn you loyalty discounts. These discounts increase as your policy tenure with the company grows.
  • Association Discounts: PLMIC may offer discounts to members of certain professional associations or industry groups. Being part of these organizations can lead to cost savings on your insurance.
  • Safety Training Discount: If your business invests in safety training and education for employees, PLMIC may provide discounts. Well-trained employees reduce the likelihood of accidents.
  • Paid-in-Full Discount: Paying your annual premium upfront in a single payment may qualify you for a paid-in-full discount, providing upfront savings.
  • Good Credit Discount: Maintaining a strong credit history can lead to discounts on your insurance premiums. PLMIC may offer lower rates to individuals and businesses with excellent credit scores.
  • Renewal Discount: Renewing your policy with PLMIC can result in renewal discounts. This incentive encourages policyholders to continue their coverage with the company.
  • Safety Inspections Discount: Regular safety inspections and compliance with safety standards can lead to discounts on your premiums.
  • New Business Discount: If you are a new policyholder with PLMIC, you may qualify for a new business discount to help you get started with cost-effective coverage.

It’s important to note that the availability and specific details of these discounts may vary based on the type of insurance coverage and the location of the insured property or business.

How Pennsylvania Lumbermens Mutual Insurance Ranks Among Providers

Pennsylvania Lumbermens Mutual Insurance Company (PLMIC) operates in a competitive insurance industry, and its main competitors include both national and regional insurance providers. Here are some of PLMIC’s main competitors:

  • The Hartford: The Hartford is a well-known insurance company that offers a wide range of insurance products, including property, casualty, and workers’ compensation insurance. They have a strong presence in the commercial insurance market, making them a direct competitor to PLMIC.
  • Travelers Insurance: Travelers is another major player in the insurance industry, offering a comprehensive suite of insurance solutions. They have a significant presence in the commercial insurance sector and provide coverage similar to what PLMIC offers.
  • Liberty Mutual: Liberty Mutual is a national insurance provider that competes with PLMIC in areas such as property and casualty insurance. They have a diverse range of insurance products and a strong financial standing.
  • Chubb Insurance: Chubb is a global insurance company with a strong focus on commercial insurance. They provide high-value insurance solutions and compete with PLMIC in areas like surety bonds and specialized coverage.
  • Local and Regional Insurers: PLMIC may also face competition from local and regional insurers that serve specific industries or geographical regions. These competitors often have a deep understanding of the local market and can offer competitive rates.
  • Independent Insurance Agents: Independent insurance agents and brokers can also be considered competitors to PLMIC. They work with multiple insurance providers, including PLMIC, and can offer clients a choice of insurance options.
  • Specialized Insurers: Depending on the niche industries PLMIC serves, there may be specialized insurance providers that focus exclusively on those industries. These specialized insurers may offer unique coverage options tailored to specific needs.

It’s important to note that competition in the insurance industry can vary by region and specialization. PLMIC’s unique selling points, such as its tailored coverage options and strong financial stability, may help it differentiate itself from competitors.

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Pennsylvania Lumbermens Mutual Insurance Company Claims Process

Ease of Filing a Claim

Pennsylvania Lumbermens Mutual Insurance Company (PLMIC) offers multiple convenient channels for filing insurance claims. Policyholders can submit claims online through the company’s official website.

Additionally, PLMIC provides a user-friendly mobile app that allows customers to initiate and track their claims from their mobile devices. For those who prefer traditional methods, claims can also be filed over the phone through the company’s dedicated customer service hotline.

Average Claim Processing Time

PLMIC is committed to efficiently processing claims to ensure prompt resolutions for its policyholders. The average claim processing time may vary depending on the complexity of the claim and the specific circumstances.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback on PLMIC’s claim resolutions and payouts has generally been positive. The company’s commitment to client satisfaction is reflected in the high praise it receives from policyholders. PLMIC has a reputation for fair and timely claim settlements, which has contributed to its strong customer loyalty and positive testimonials.

Pennsylvania Lumbermens Mutual Insurance Company Digital and Technological Features

Mobile App Features and Functionality

PLMIC offers a feature-rich mobile app that enhances the overall insurance experience for its customers. The app allows policyholders to easily access their insurance information, view policy details, and make payments securely from their mobile devices.

Online account Management Capabilities

PLMIC’s online account management portal offers policyholders a convenient platform to manage their insurance policies. Through the portal, customers can review and update their policy information, request policy documents, and access important resources.

Digital Tools and Resources

PLMIC provides a range of digital tools and resources to empower its customers to make informed insurance decisions. These resources include educational articles, calculators, and FAQs to help policyholders understand their coverage options and make the right choices.

Frequently Asked Questions

What sets Pennsylvania Lumbermens Mutual Insurance Company (PLMIC) apart from other insurance providers?

PLMIC stands out for its diverse insurance offerings, personalized coverage, and unwavering financial strength, backed by a rich history of serving various industries.

Can I trust the reviews and testimonials mentioned in the article?

Yes, customer reviews affirm PLMIC’s dedication to client satisfaction, reflecting its competitive edge in personalized coverage options and comprehensive risk management services.

What types of coverage does PLMIC offer?

PLMIC provides a comprehensive range of coverage options, including property, casualty, commercial auto, workers’ compensation, surety bonds, inland marine, directors and officers liability, and more.

How does PLMIC handle insurance claims, and what is the average processing time?

PLMIC offers multiple convenient channels for filing claims, including online submissions and a user-friendly mobile app. The average claim processing time varies based on claim complexity.

What digital features and tools does PLMIC offer to policyholders?

PLMIC provides a feature-rich mobile app for easy access to insurance information, an online account management portal for policy updates, and digital tools/resources for informed decision-making.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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