Sample Page Title

As MJ Corridor celebrates its fiftieth anniversary in 2013, the corporate continues to develop good options for tough coverages and enhance its customer support, mentioned president John Donahue.

MJ Corridor is a generalist that provides a variety of options, from industrial packages to extra legal responsibility, and insurance coverage protection for earthquake injury, trucking traces, eating places, and hashish companies. Because of MJ Corridor’s success in these area of interest sectors, Insurance coverage Enterprise acknowledged it as one in every of its 5-Star Wholesale Brokerages and MGAs this yr.

It’s clear that MJ Corridor’s precedence is enhancing its relationship with clients and retail brokers.

“I believe one of many issues we do this helps to fulfill the purchasers’ wants is our groups are very entrepreneurial,” mentioned Donahue in this interview. “Our brokers are commissioned brokers; they don’t earn money until they get the deal carried out for his or her buyer. So, they’re very centered on discovering the correct answer for the client.”

Donahue defined that MJ Corridor’s lead brokers are supported by groups, which allow them to construct robust relationships and reply promptly to retail brokers’ wants.

The enterprise has grown significantly due to hashish insurance coverage, a distinct segment the place MJ Corridor is likely one of the trailblazers.  

“Should you go just a few years again, [cannabis] was one of many few video games on the town, so we knew it and obtained a status for it. We understood what a superb danger was and what a nasty danger was and the way to place it and who to interchange it with and what coverages to [provide],” he mentioned.

Because the competitors on this area of interest intensifies, Donahue has seen the emergence of extra choices for patrons and higher know-how within the type of superior ranking and ease-of-use techniques. One other pattern he has noticed is brokers’ higher understanding of the dangers and retailers’ higher data of the merchandise. This enables firms like MJ Corridor to develop protection extra precisely in response to shoppers’ danger administration wants.

In such a posh market with excessive reinsurance prices, MJ Corridor stays optimistic about its capability to handle hard-to-place dangers.

Donahue advises retailers to “be demanding about getting solutions shortly …, particularly on this market as a result of you could be. You want a number of work carried out to put a few of these harder dangers.”