We are excited to announce that North American Professional Liability Insurance Agency, LLC (“NAPLIA”) has entered into an asset purchase agreement with McGowanPRO (A Division of McGowan & Company, Inc.)(“McGowan”). Under the agreement, NAPLIA transferred certain of its assets to McGowan, including its client relationships (policies and policyholders). This agreement was effective 4/1/2017.
McGowan is one of the oldest, largest, and most well-respected firms of its type in the United States. It is a family-run and financially-stable organization which believes in providing its customers with the finest products, premiums, and service in our industry… in terms of competence, courtesy, integrity, quickness, and friendliness. These are goals that are shared by NAPLIA.
NAPLIA’s staff was hired by McGowanPRO. As employees of McGowanPRO, they will manage client relationships and run the programs which McGowanPRO purchased from NAPLIA.
How does this affect our clients and prospective clients?
From a practical standpoint, there is nothing required of our clients and prospective clients… other than updating their records to reflect our new e-mail addresses, phone numbers, and physical address. Their insurance policies are unaffected by this transaction, except that the name of their insurance agency is now “McGowanPRO (A Division of McGowan & Company, Inc.).” The main phone numbers will remain the same. And, to make this transition as easy as possible for our clients and prospective clients, our old NAPLIA.com e-mail addresses will continue to work.”
Legal Notice: Pursuant to an asset purchase agreement, North American Professional Liability Insurance Agency, LLC (“NAPLIA”) sold its assets, but not its liabilities, to McGowan & Company, Inc., effective 4/1/2017. NAPLIA was not merged with or into McGowan & Company, Inc. NAPLIA was not consolidated with or into McGowan & Company, Inc. McGowan & Company, Inc. is not a continuation of NAPLIA. As part of the asset purchase agreement, NAPLIA transferred the ownership of its website and logo to McGowan & Company, Inc.