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Old 07-10-2013, 04:41 PM   #1 (permalink)
 
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Thomco Exit

Thomco is exiting the tanning industry. Interesting news....thoughts?
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Old 07-10-2013, 10:05 PM   #2 (permalink)
 
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Re: Thomco Exit

Not enough salons left to make it profitable anymore is my guess.
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Old 07-11-2013, 03:50 PM   #3 (permalink)
 
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Re: Thomco Exit

They are not exiting, they have been purchased by a larger insurance company and
are operating as usual. I just renewed my policy.
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Old 07-11-2013, 04:30 PM   #4 (permalink)
 
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Re: Thomco Exit

Quote:
Originally Posted by cosmo26062 View Post
They are not exiting, they have been purchased by a larger insurance company and
are operating as usual. I just renewed my policy.
Not true. I received an official email yesterday saying that they ARE exiting the Indoor Tanning business:

Tan Pro Program News THOMCO has always aimed to be a market leader in the Tanning industry. However, after recent evaluations, we have decided to exit the industry and discontinue our Tan Pro program.

No new business quotes will be accepted effectively immediately. All active policies will remain in effect until your expiration date at which time you will be receiving a non-renewal notice in the mail. In an attempt to make this a smoother transition for you, we are providing a referral to one of our partner brokers.

The Daniel and Henry Co. has been a valued partner for many years and has extensive knowledge in the tanning industry to meet your needs. They realize the importance of providing the appropriate coverage’s at a competitive premium to properly protect your business. The Daniel and Henry Co. program can provide Property insurance with Business income at Actual Loss Sustained, Liability Insurance, Employee Theft including ERISA, Burglary, Flood, Earthquake, Employment Practices Liability, Automobile Insurance, Workers Compensation, Umbrella, Franchisors E&O, and Management Liability.

Founded in 1921 and among the top 100 brokers in the United States The Daniel and Henry Co. has a proven track record of being a high performing agency.

For more information on The Daniel and Henry Company, please visit their website www.danielandhenry.com or contact Jeff Oostema directly by phone at 312-334-6048 or by email at oostemaj@danielandhenry.com.

We value the relationships we have formed over the years and will truly miss doing business with each and every one of you.

The Tan Pro Team
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Old 07-11-2013, 04:46 PM   #5 (permalink)
 
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Re: Thomco Exit

Thomco is officially out of the tanning industry. Our customers are telling us that they are sending out an email and are referring their customers to a couple of the brokers that went through them previously. If you want to cut out the middle man, you can come directly to us for a quote :)

That said, make sure you are getting a true tanning policy with no cancer exclusion, no UV restrictions and on an occurrence form. That is difficult to get in todays insurance climate.

Chris
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