In response to American businesses struggling with the economic effects of the COVID19 pandemic, AmeriTrust Group, Inc. announced its “Economic Relief Payment Plan,” offering a zero-down payment relief plan for qualifying new business accounts.
Effective May 1, 2020, new qualifying admitted commercial property and casualty insurance accounts on a direct-billing basis will not be required to make any down payments or first month payments on their insurance policies. Instead, AmeriTrust will offer qualifying accounts a convenient 11-installment payment plan. The annual policy premium will be split equally across the 11 monthly installments with the first payment due 30 days after their policy effective date and monthly thereafter.
AmeriTrust CEO Kenn R. Allen stated, “Our management team is dedicated to finding innovative ways to assist our policyholders with the economic constraints facing their businesses. AmeriTrust’s new Economic Relief Payment Plan supports these efforts.”
The Economic Relief Payment Plan does not apply to program business, trucking business, excess workers’ compensation business, or monoline “pay-as-you-go” workers’ compensation policies.
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