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Orchid Updates
Explore what Orchid is up to this quarter!
Ultra-High-Value Coverage is Here
Ultra-high-value capacity up to $50M TIV in select states (AL, DE, FL, GA, MA, MD, MS, NJ, NY, NC, RI, SC, TX and VA) is available to you now with Orchid!
Designed for homes that don't fit neatly into standard markets, this is a significant expansion of our appetite and a true advantage in the ultra-high-net-worth space. This enhancement reflects our continued commitment to supporting agents placing high-value homes that face complex coastal and wind exposure that are increasingly difficult to place. With coverage backed by our AM Best A XV (Excellent) rated carrier, your clients can have confidence in their home's protection with a carrier who has superior financial security.
Ready to start quoting your ultra-high-value risks? Visit Marketplace now!
Important Details To Know:
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Product Availability: HO3, HO5, HO6, DP3, Wind Only
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Coastal risks apply, even those in Florida's Tri-County
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Custom quotes available by working directly with your ADM or preferred underwriter.
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Receive a real time rate indication
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Expect a two-business day turnaround on referrals
Thank you for your continued support as we work diligently to provide you with more opportunities to grow your business. If you have a question, please reach out to your designated Agency Development Manager.
The Collection Incentive Program
Our high-value incentive program, The Collection, is heating up this quarter, and designed to reward you in a big way. The more you bind, the more chances you have to win, so keep those policies coming!
As a reminder, each bound new business policy with $5M+ Coverage A earns you an entry into our weekly raffle for a $500 gift card.
There's still plenty of time to get in on the action, but don't wait, every bind counts, and the next winner could be you!
Review the full promotion details here, and keep an eye on our social media platforms for announcements about our winners!
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Look at a Recent Winning Bind!
You're probably curious about the binds at Orchid Insurance, especially during our incentive programs! Below, we provide a glimpse into one of our binds to give you an idea of what our contracted agents are binding.
Quote today in Marketplace, and remember, we offer up to $50M TIV in select states. After quoting an ultra-high-value home in Marketplace, work directly with your agency development manager (ADM) or preferred underwriter to customize the quote.
Marketplace Enhancement: Renewal Revisions
A new feature is available now in Marketplace! Easily request revisions directly on renewal offers using the Request Revisions option shown below. Once submitted, our Underwriting team will carefully review and process your request. All approved changes will be reflected on the updated renewal offer.
If you have a question regarding renewals, please email us at renewals@orchidinsurance.com.
Preferred Partners Available in Marketplace!
The next phase of our Marketplace rollout is here, and we want to keep you informed of the latest experience improvements and platform capabilities. Preferred Partners, formerly referred to as Digital Partners, is now in Marketplace! This enhancement marks the continued progress of our broader Marketplace rollout as we transition to one centralized platform for you to easily access. Here's what you need to know:
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New products are available on your 'Get A Quote' page once you log in to Marketplace. They include:
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Primary Flood
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Excess Flood
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Jewelry
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Faster, simplified quoting and binding experience in one platform.
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No setup or changes are required to begin using the new access.
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Update any bookmarks or workflows tied to previous Preferred Partner access points.
If you need assistance logging in to Marketplace for the first time, please reference our Single Sign On PDF. Once you have logged in to Marketplace for the first time and are ready to log in again, please reference our Sign In PDF to assist you.
What's a Preferred Partner?
As a contracted agent with Orchid, you have access to our Preferred Partners, Neptune Flood and Jewelers Mutual. With these product offerings you can quote and bind in minutes! Access Neptune Flood and Jewelers Mutual's informative guides here to learn more.
Thank you for your continued partnership as we enhance Marketplace to better your experience and support your business.
If you have a question for underwriting, please refer to our Underwriters by Region PDF. If you have any other questions, please reach out to our Customer Service Team at 1-866-370-6505 or your designated Agency Development Manager.
Upcoming Trade Shows
Here are the upcoming trade shows that our team we will be attending, and we hope to see you there!
PIA NY/NJ Annual Conference
Trade Show Dates & Times:
June 7th, 4:00 PM - 6:30 PM ET
June 8th, 9:00 AM - 12:00 PM, 1:45 PM - 4:00 PM ET
TWFG National Agent Convention
Trade Show Dates & Times:
June 11th, 3:30 PM - 7:30 PM CT
June 12th, 8:00 AM - 9:45 AM CT
FAIA Annual Convention
Trade Show Dates & Times:
June 18th, 1:30 PM - 5:30 PM ET
June 19th, 11:30 AM - 4:00 PM ET