HOW CAN I GET THE INSURANCE NECESSARY TO STAY IN BUSINESS IF MY INSURER HAS CANCELED MY COVERAGE EITHER MID-TERM OR AT THE END OF THE POLICY?
Your agent can apply to the Massachusetts Assigned Risk Pool for coverage if two carriers turn you down. The WCRB, who manages the pool, will then assign you to one of a number of carriers which will handle your business just as if it were covering your losses itself and you will be charged at the same rate. However, certain premium discounts might not be available to you. It’s important to remember, though, that if your cancellation was the result of non-payment of premium, the Pool will not issue a policy until you have made all payments that are due to your former carrier.
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