Contingent Auto Lease

Vehicle Protection in Third-Party Liability Claims

A specialized coverage in the complex world of commercial auto insurance is leasing operations. Our program is designed to cover a multitude of potential exposures on a contingency, excess, physical damage and interim basis for a minimum 12-month term.

• Contingent/Excess Liability insurance provides coverage to the lessor of a leased auto for third party liability damages resulting from an accident and the lessee’s insurance is not collectible.
• Contingent Physical Damage protects the lessor’s interest in the owned auto when the lessee’s comprehensive and collision insurance is not collectible.
• Interim Car Coverage provides both liability and physical damage to off-lease owned autos while being held for sale and being re-leased

GMI utilizes highly rated carriers to underwrite its leasing risks. GMI’s extensive experience in a broad range of auto exposures combined with its proactive claims management partners have a demonstrated track record of success. It is a combination of this service-driven approach to leasing operations that has led to an average annual retention rate of over 90% for the past five years.

Contact
Mark Trudel
(610) 933-4679, ext 215
Mark@GMI-Insurance.com

URL: https://www.gmi-insurance.com/contingentautolease

Monoline Business Auto

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

• Automobile fleets that involve the use of commercial vehicles
• Private passenger cars to support business activities where the primary goal is to sell and distribute products, perform contracting operations, and provide services to customers

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

Submission Requirements

• At least five (5) vehicles
• Three (3) years of prior commercial auto coverage
• Overall loss ratio of 40% or better
• Good drivers
• Satisfactory CAB report, if applicable

Note: Program available to retail agents in all states except District of Columbia, MA, NY and VA at this time.

Contact
Karen Trudel
(610) 933-4679, ext 217
info@GMI-Insurance.com

URL: https://www.gmi-insurance.com/monoline-business-auto

General Liability

Protecting a Broad Range of Businesses From Liability Claims

Could your clients survive a liability claim against their business? We’re offering a non-admitted General Liability program to cover costs related to medical or legal expenses resulting from a worksite or office incident that leads to a lawsuit. It also covers injuries to people who aren’t employees, damage to property you don’t own and accusations of slander or libel. Contractors involved in tract home work are prohibited in all states including work done on a wrap-up or OCIP.

Program Details

• Underwritten by an A.M. Best Rated “A-” carrier
• Minimum premium is $2,500
• $1,000 minimum deductible
• Maximum limits are $1M / $2M
• Maximum per location / project aggregate is $5M
• Available Contractor Advantage Extension Endorsement

The program is not available to wholesalers.
Coverage is not written in the following states: AK, CO, DC, NJ and NY.

Submission Requirements

• ACORD forms 125 and 126
• ACORD form 823 if applicable
• Five (5) years of loss runs valued within 90 days
• Applicable Supplemental Application (we will accept a competitor’s application)

Contact

Karen Trudel
(610) 933-4679, ext 217
info@GMI-Insurance.com

URL: https://www.gmi-insurance.com/general-liability