Founders Insurance Company Agent Update

Reasonable Accommodations for Liquor Liability Policyholders

During this time of uncertainty, we know that you are receiving dozens of emails every day. With that in mind, we’re making some changes to our billing and payment options to help our insureds during this difficult time. It’s important to know that Founders is and will remain in compliance with all State D.O.I regulatory mandates and requirements.

Faced with financial pressures, your insured may be tempted to cancel their Liquor Liability Coverage due to mandated state closure or other obstacles. Let us share some ideas Founders can offer before cancelling coverage and running the risk of the insured forfeiting their Liquor License.

Reasonable Action for Agency Bill Insured
• Founders will contact all 3rd party premium finance companies to request the delay of any Notice of Cancel from being processed.
• Contact your Founders State Underwriter to request review of receipts for premium adjustment.

Click to view: Underwriter Contact List

Reasonable Action for Direct Bill Insured
• Founders can grant a 30-day grace period on cancelations that are pending from March 25, 2020 through May 1, 2020. Agents or policyholders should call (800) 972-8778 to obtain the grace period.
• Founders is waiving late fees for all Direct Bill policies.
• Extend payment schedule to additional options.

States Currently under Mandated Moratorium including:
• AL, CO, CT, IN, LA, NY, OH and OR

Click to view: States Issuing Moratorium (States displayed are only those impacting the Founders active state map.)
Click to view: Founders Insurance Company Active State Map

Best regards,

Patrick Vaulman
Commercial Marketing
(847) 768-2562
Founders Insurance Company   Founders Insurance Company
(847) 768-0040