Old Republic Insurance Company

Old Republic Insurance Company (ORI) is one of the oldest and largest commercial insurance companies in the United States. ORI was founded in 1887 and is headquartered in Chicago, Illinois. The company is a subsidiary of Old Republic International Corporation, a Fortune 500 company.

Company Overview

ORI’s primary business is underwriting commercial insurance policies. The company provides a range of insurance products, including general liability, property, automobile, workers’ compensation, and specialty insurance. ORI also offers surety bonds.The company operates in all 50 states and in several international locations. ORI’s customer base includes businesses of all sizes and industries, from small local businesses to multinational corporations.ORI has a reputation for excellent customer service and claims handling. The company’s employees are trained to provide personalized service to customers, and claims are handled promptly and efficiently.

History

ORI was founded in 1887 as the Old Republic Insurance Company of Chicago. The company initially provided fire insurance and later expanded into other lines of insurance.In the 1960s and 1970s, ORI expanded its business to include surety bonding and commercial liability insurance. The company continued to grow through acquisitions and by expanding its product offerings.

Financial Stability

ORI is a financially stable company with a strong balance sheet. The company has consistently earned high ratings from independent financial rating agencies such as A.M. Best and Standard & Poor’s.These ratings reflect ORI’s strong financial performance, solid underwriting practices, and conservative investment strategy. ORI has a track record of generating consistent profits and maintaining a strong capital position.

Products and Services

General Liability Insurance

ORI’s general liability insurance provides coverage for a wide range of risks, including bodily injury, property damage, and personal injury. The company offers both occurrence-based and claims-made policies, depending on the needs of the customer.ORI’s general liability insurance can be customized to meet the specific needs of businesses in various industries. The company’s underwriters work with customers to assess their risks and develop a coverage plan that meets their needs.

Property Insurance

ORI’s property insurance provides coverage for damage to buildings, equipment, and other property. The company offers a range of policies, including all-risk, named peril, and specialized coverage for specific industries.ORI’s property insurance can be tailored to meet the needs of businesses of all sizes and industries. The company’s underwriters work with customers to assess their risks and develop a coverage plan that meets their needs.

Automobile Insurance

ORI’s automobile insurance provides coverage for liability, collision, and comprehensive damage to vehicles. The company offers policies for commercial fleets, individual vehicles, and special use vehicles.ORI’s automobile insurance can be customized to meet the specific needs of businesses in various industries. The company’s underwriters work with customers to assess their risks and develop a coverage plan that meets their needs.

Workers’ Compensation

ORI’s workers’ compensation insurance provides coverage for injuries and illnesses suffered by employees on the job. The company offers policies that meet the requirements of various state laws, as well as self-insured options for large businesses.ORI’s workers’ compensation insurance can be customized to meet the specific needs of businesses in various industries. The company’s underwriters work with customers to assess their risks and develop a coverage plan that meets their needs.

Specialty Insurance

ORI’s specialty insurance provides coverage for unique risks that are not typically covered by other insurance policies. The company offers policies for a range of industries, including healthcare, construction, and aviation.ORI’s specialty insurance can be tailored to meet the needs of businesses of all sizes and industries. The company’s underwriters work with customers to assess their risks and develop a coverage plan that meets their needs.

Frequently Asked Questions (FAQ)

What is Old Republic Insurance Company?

Old Republic Insurance Company is a commercial insurance company that provides a range of insurance products, including general liability, property, automobile, workers’ compensation, and specialty insurance. The company has a reputation for excellent customer service and claims handling.

What types of businesses does Old Republic Insurance Company serve?

ORI serves businesses of all sizes and industries, from small local businesses to multinational corporations.

What is general liability insurance?

General liability insurance provides coverage for a wide range of risks, including bodily injury, property damage, and personal injury. ORI’s underwriters work with customers to develop a coverage plan that meets their specific needs.

What is property insurance?

Property insurance provides coverage for damage to buildings, equipment, and other property. ORI’s underwriters work with customers to develop a coverage plan that meets their specific needs.

What is workers’ compensation insurance?

Workers’ compensation insurance provides coverage for injuries and illnesses suffered by employees on the job. ORI offers policies that meet the requirements of various state laws, as well as self-insured options for large businesses.

What is specialty insurance?

Specialty insurance provides coverage for unique risks that are not typically covered by other insurance policies. ORI offers policies for a range of industries, including healthcare, construction, and aviation.