IMS Series: Why SynchronoSure?

Independent Market Solutions (IMS) is a market access program available in NC exclusively to IIANC member agencies. IMS provides market access for both personal and commercial lines, helping agents who are unable to secure company appointments for any number of reasons grow their business through competitive commissions and a clear pathway to direct appointment. In this series, we are showcasing each of our participating IMS carriers. Meet this week’s featured carrier: SynchronoSure®, a Bronze IIANC PARTNER. Contact IIANC’s Gina Stallings at gstallings@iianc.com to learn how IMS can help your agency grow and thrive.  


Meet SyncrhonoSure® 

Synchrono Group Inc., d/b/a SynchronoSure®, is a Raleigh based insuretech managing underwriter, intentionally built at the convergence of state-of-the-art technology, data usage and experienced underwriters.   

Formed in mid-2019 by Steve Hartman, former CEO at Falls Lake Insurance Companies and Stonewood Insurance Company, the company leverages technology and experienced underwriting to provide underwriting decisions in seconds and minutes rather than hours and days as is commonplace for most insurance underwriting companies. With its focus on property and casualty insurance and workers’ compensation insurance for small businesses, SynchronoSure creates creates an opportunity to effortlessly place small business insurance for agencies, which opens up opportunity for more profitable operations of its agency partners.  

Programs Available 

Business Owners Policy for the Gig Economy (GigBOP) – SynchronoSure’s initial product offering, the GigBOP product is built on the ISO Micro BOP product frame.  

Excess Liability – Eligible classes of risks for the Excess Liability product encompass more than 550 available class codes.  

Truckers’ General Liability – This product provides coverage for the premises/operations exposures of small trucking companies with up to 25 power units. 

Workers’ Compensation and Employers Liability – SynchronoSure is opening its footprint into 14 states in November 2021, including NC, SC, VA, and TN, and has the ability to write more than 860 governing class codes.  

Commission Rate 

12.5% on new business and 10% on renewal business (for Big I agency members participating in the IMS program and in good standing) 

For more info on market availability and the agency agreement, visit https://www.imsaccess.com/states/north-carolina/.   

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