16 July 2020News

Sompo offers 15% premium discount to US commercial auto customers

Sompo International Holdings is offering small business clients a discount on their US commercial auto premiums for the period March 19 to May 31, 2020.

It is offering a 15 percent premium discount, where it is legally permitted, in recognition of the disparate impact the COVID-19 pandemic has had on small businesses. The discount is applied to small business commercial auto accounts in the US with $100,000 or less in total account premium, in the form of a premium credit applied at renewal.

The majority of accounts eligible for the discount programme are serviced by Sompo International’s Global Risk Solutions division.

Sompo is also making donations to support frontline workers, providing clients with proactive risk control resources and supporting its team with flexible work arrangements, said Michael Chang, CEO of Sompo Global Risk Solutions.