Commercial Auto Insurance for a Wide Range of Classes
Our Monoline Business Auto Program targets contractors, artisans, building supply dealers, system installers, retailers, manufacturers, wholesale distributors and more. We welcome a wide variety of classes with vehicles ranging from private passenger cars to extra heavy truck tractors. Eligible accounts are automobile fleets that support business activities where the primary goal is to sell and distribute owned products, perform contracting operations, and provide services to customers.
Monoline Business Auto Application
Monoline Business Auto Overview
The target classes and typical risks we focus on for this program are:
Typical Classes
- Contractors
- Retailers
- Distributors
- Wholesalers
- Systems Installation
Typical Vehicles
- Private Passenger (PPT/PPV)
- Light Trucks
- Medium Trucks
- Heavy Trucks/Tractors
- Extra Heavy Trucks/Tractors
- Dump Trucks/Trailers
Typical Uses
- Product Delivery
- Service Calls
- Material/Equipment Delivery
- Sales Calls
- Product Installation
- Retail Delivery
The highlighted features of this exclusive program include:
- Underwritten by A.M. Best “A” rated admitted carriers
- Minimum of two (2) vehicles
- Three (3) years of prior commercial auto coverage
- Overall loss ratio of 40% or better for fleet accounts, 25% or better for non-fleet accounts
- Good drivers
- Satisfactory CAB report, if applicable
- Program available to retail agents in all states except District of Columbia, MA, NY and VA at this time.
- Business Auto Enhancement Endorsement: GMI’s Business Auto Enhancement Endorsement has been added to broaden the coverage in our standard auto policy. Coverage is combined under one endorsement and not available standalone.
- Employees as Insureds Endorsement is also available.
The available coverages we have to offer for this program are:
- Additional Insured by Contract or Agreement
- Hired Auto Physical Damage coverage
- Towing and Labor
- Accidental Airbag Deployment coverage
- Loan/Lease Gap coverage
- Extended Cancellation Condition
- Vehicle Wrap coverage
- Audio Visual and Data Electronic Equipment
In order to submit your business with us, please be aware of the following submission requirements:
- GMI Monoline Business Auto Supplemental Application
- ACORDS 125 / 127 / 137
- Five (5) years loss runs valued within 90 days of effective date
- Detailed description of each claim exceeding $25K