TAPCO Underwriters Opens Office in New York
By: Identity Team
Retail Agents in New York can now quote coverage in simple, five-minute phone call
BURLINGTON, N.C., April 5, 2012 – TAPCO Underwriters, Inc. (TAPCO), a Burlington, N.C.-based MGA specializing in high-volume, middle-market excess and surplus insurance lines, announced today the opening of a new office in New York. TAPCO President Tap Johnson III made the announcement.
TAPCO pioneered the ability to electronically generate, deliver and archive quotes, binders, policies and endorsements, which allows for coverage to be bound within minutes.
“The Tapco service model provides immediacy without sacrificing accuracy,” says Johnson. “New York agents will now have the ability to experience the benefits of a fast, stress-free system for obtaining quotes and binding coverage.”
TAPCO initiated an aggressive national growth plan in 2007 and now serves agents in 25 states, including Alabama, California, Connecticut, Delaware, Florida, Georgia, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, the state of Washington and now, New York, in addition to Washington, D.C. They plan to add 10 more states by the end of 2012.
TAPCO has the binding authority for more than 1,000 classes of business, including all types of General Liability; General, Specialty and Artisan Contractors; Property; Vacant Property and Builder’s Risk; Dwelling/Homeowners; miscellaneous Professional and D&O; Liquor Liability; and, Personal Umbrella among other lines. An actual quote with the entire E&S binding authority market, application(s), finance agreement(s) and terrorism forms are generated as PDF documents and e-mailed to the agents before they hang up their phones, allowing the agent to review the quote and application with the insured while they talk. Changes can be made in a matter of minutes, and a revised quote can again be sent electronically to the agents. Coverage can then be bound in that same five-minute phone call before the insured walks out of the agent’s office.
For more information about TAPCO or to receive an instant quote, please call 1-800-334-5579, or visit www.gotapco.com.
TAPCO was founded in 1983 in Burlington, N.C., by Tapley O. Johnson Jr., and specializes in the timely placement of Excess & Surplus lines business for both commercial and personal lines insurance accounts. TAPCO has in-house binding authority to write more than 1,000 classes of business, through A-rated carriers for a wide range of risks, including all types of Property; General Liability; Inland Marine; Dwelling and Homeowners; miscellaneous Professional and D&O; Vacant and Builder’s Risk; Liquor Liability; and General, Specialty, and Artisan Contractors; Personal Umbrella, and other lines. The company began with just three people but has since grown to five offices that employ 180 people, service 8,000 agencies and currently write in 22 states.