IMT Insurance Group (Wadena Insurance)

Carrier appetite summary

Operational underwriting guidance for IMT Insurance Group (IMT & Wadena) based on current public materials: 1) Geographic & strategic notes - Active writing states: AZ, IL, IA, MN, NE, SD, WI per site terms (note AZ is newer vs older six-state descriptions).([website.imtins.com](https://website.imtins.com/terms?utm_source=openai)) - Minnesota business reset: IMT is currently focused on underwriting **Commercial Lines casualty products** in MN and is **pausing property-based risks**, with **additional tightening on non‑habitational property**. Existing MN policyholders are still supported, but new/expanded property placements are limited and subject to revised guidelines. Treat new MN property (especially non‑habitational) as highly restricted and pre‑clear with underwriting.([website.imtins.com](https://website.imtins.com/blog/detail/Minnesota?utm_source=openai)) - IMT acknowledges recent moratoriums, guideline revisions, and property restrictions (e.g., ACV for roofs older than five years) as part of profitability initiatives. Expect tighter property underwriting and potential class/state moratoriums across the territory; confirm current stance with the underwriter before binding.([website.imtins.com](https://website.imtins.com/blog/detail/Moratoriums-Changes?utm_source=openai)) 2) Core appetite – commercial - IMT positions as a regional carrier offering a full suite of personal and commercial lines (including bonds) across its territory. This supports an appetite for small to lower‑middle market main‑street business rather than heavy industrial or high‑hazard classes.([iian.org](https://www.iian.org/Resources/Pages/PartnerDir/Carrier/IMT%20Insurance.aspx?utm_source=openai)) - Businessowners: the site highlights packaged programs for car washes, contractors, convenience stores, funeral homes, golf courses, grocery, office buildings, restaurants, storage, and veterinarians. These listed segments should be treated as **preferred BOP‑style risks**, assuming acceptable loss history, building condition, and life safety/protection.([website.imtins.com](https://website.imtins.com/misc/sitemap)) - Additional commercial lines available: commercial auto, general liability, commercial property, workers’ compensation, commercial umbrella, bonds, and value‑add coverages (cyber, EPLI, equipment breakdown). Overall appetite skews toward standard exposures with predictable casualty and light‑to‑moderate property values.([website.imtins.com](https://website.imtins.com/misc/sitemap)) 3) Personal lines appetite (high level) - IMT markets a broad personal portfolio: auto, homeowners, condo, renters, landlord, boat, powersports, inland marine, personal umbrella, and motorhome/camper. This indicates standard‑to‑preferred personal lines appetite (owner‑occupied homes, well‑maintained risks, typical private passenger autos, recreational toys).([website.imtins.com](https://website.imtins.com/misc/sitemap)) - Recent property profitability actions (e.g., ACV roofs >5 years, moratoriums in some contexts) signal **heightened scrutiny on older roofs, weather‑exposed property, and loss‑prone dwellings**. Expect tighter eligibility, mandatory ACV or cosmetic roof limitations, and possible new‑business pauses in specific geographies; confirm case‑by‑case.([website.imtins.com](https://website.imtins.com/blog/detail/Moratoriums-Changes?utm_source=openai)) 4) EPLI and ancillary coverages – underwriting specifics - EPLI is offered to qualifying small businesses, with eligibility generally **up to 50 full‑time employees**. Treat larger firms as refer‑only.([website.imtins.com](https://website.imtins.com/business/additional-coverage/epli?utm_source=openai)) - Standard EPLI limits available, with **higher limits ($500k and $1M)** only on a **referral basis**, subject to an **underwriting questionnaire**. Plan for supplemental apps and additional review when requesting higher limits.([website.imtins.com](https://website.imtins.com/business/additional-coverage/epli?utm_source=openai)) - EPLI is written on a claims‑made and reported basis with duty‑to‑defend, prior‑acts and optional third‑party coverage. These features imply attention to retro date, prior incidents, and HR practices during underwriting but no public class‑by‑class prohibitions are listed.([website.imtins.com](https://website.imtins.com/business/additional-coverage/epli?utm_source=openai)) 5) Restricted or declined business (inferred from current communications) - Minnesota **property‑based risks** (especially non‑habitational commercial property) are effectively restricted or paused for new business; expect declines or heavy referral unless explicitly opened in writing.([website.imtins.com](https://website.imtins.com/blog/detail/Minnesota?utm_source=openai)) - Enterprise‑level changes highlight that new business moratoriums and guideline tightening have been used recently. For any cat‑exposed, roof‑challenged, or loss‑heavy risks in the territory, treat property placement as non‑automatic and assume prior underwriting approval is required. - No formal public list of prohibited classes is posted; however, given IMT’s regional, main‑street positioning, risks typically considered outside appetite are: heavy manufacturing, high‑hazard products, large habitational schedules, catastrophe‑driven property (coastal, severe convective hot‑spots) and high‑hazard contractors. Confirm with your marketing rep or underwriter when in doubt. 6) Submission & broker/producer expectations - Business must be placed through **independent agents** appointed with IMT. The public site is consumer‑facing; specific agency submission rules and appetite tools reside behind secure agent login and are not visible publicly.([website.imtins.com](https://website.imtins.com/about?utm_source=openai)) - IMT emphasizes that all products are **subject to underwriting qualifications and acceptance**; no direct‑to‑consumer binding. Assume standard P&C submission expectations: completed ACORDs, IMT‑specific supplemental apps (for BOP niches, EPLI, cyber, etc.), 3–5 years of prior loss runs, building/COPE data for property, and detailed operations narratives for casualty. - For MN risks and any cat‑sensitive or property‑heavy submissions, producers should **pre‑clear with underwriting/marketing** before marketing coverage as available, due to ongoing strategic resets and possible moratoriums.([website.imtins.com](https://website.imtins.com/blog/detail/Minnesota?utm_source=openai)) - The terms acknowledge that agent use of secured site functions is governed by agency agreements; treat electronic transactions (e‑delivery, billing, My Policy+ account changes) as controlled by IMT and avoid promising any binding or coverage changes without written confirmation from the carrier.([website.imtins.com](https://website.imtins.com/terms?utm_source=openai)) 7) Practical placement notes for you - Target IMT for: small to mid‑sized local businesses in its core Midwest footprint; especially the classes explicitly called out under Businessowners (contractors, offices, select service/retail, hospitality/restaurant, golf, storage, funeral, vet), plus supporting auto, WC, umbrella, bonds and ancillary cyber/EPLI/equipment breakdown. - Be cautious with: larger property schedules, older or unprotected roofs, cat‑prone locations, and any Minnesota property risk; assume heightened scrutiny or no‑quote until confirmed. - When requesting higher EPLI limits or more complex packages, plan for a questionnaire and referral underwriting, and build that into timelines. This summary is based solely on IMT’s public consumer and news content; detailed class‑by‑class eligibility, pricing tiers, and binding authorities remain within agent portals and must be confirmed directly with IMT underwriting or your marketing representative.

Referenced source pages