Safety Insurance Group Inc. (SAFT)

Overview

Safety Insurance Group, Inc., based in Boston, Massachusetts, has been a provider of insurance products in the United States since its inception in 1979. Initially known as Safety Holdings Inc, the company rebranded to its current name in April 2002. Safety Insurance Group, Inc. specializes in offering a wide range of insurance policies, including private passenger and commercial automobile insurance, as well as homeowner insurance. Through its extensive product lineup, the company aims to meet the diverse needs of its clients, providing coverage against bodily injuries, property damage, and various perils that may affect homes, vehicles, and businesses. Safety Insurance Group, Inc. distributes its insurance products via a network of independent agents, ensuring localized and personalized services across its operations.

Products and Services

• Private Passenger Automobile Insurance

  This insurance offers coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured or the car occupants, and physical damage coverage for an insured's vehicle due to collision or other perils.

• Commercial Automobile Insurance

  Targeted towards business vehicles, this policy covers commercial vehicles used for business purposes, ranging from private passenger-type vehicles to trucks, tractors, and trailers. It includes options for insuring individual vehicles or entire commercial fleets.

• Homeowner Insurance

  Offering coverage for homes, condominiums, and apartments, this policy protects against losses to a dwelling and its contents from varied perils. It also provides liability coverage to others arising from ownership or occupancy.

• Business Owners Policies

  These policies cater to small businesses, including apartments and residential condominiums, restaurants, office condominiums, processing and service businesses, special trade contractors, and wholesalers. They cover a range of business-related liabilities and damages.

• Personal Umbrella Policies

  Providing personal excess liability coverage, these policies offer an additional layer of security over and above the limits of individual automobile, watercraft, and homeowner's insurance policies.

• Commercial Umbrella

  This offers an excess liability product to commercial clients, adding an extra layer of liability coverage on top of primary business policies.

• Dwelling Fire Insurance

  Specially underwritten for non-owner-occupied residences, this insurance provides coverage against fire damage, catering to landlords and property investors.

• Inland Marine

  As part of homeowners and business owners policies, inland marine coverage protects against the loss of property on the move or properties specific to an industry or occupation that are not covered by standard property insurance.

• Watercraft

  Offering coverage for small and medium-sized pleasure crafts, this insurance protects against various perils that can affect watercrafts.