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Commercial Automobile & Auto Dealers Inventory

To keep your business running, you need quality commercial auto coverage, whether it’s a key part of your operations or your entire operation. From auto fleets that enable you to conduct business to operating an auto rental or leasing business, Breckenridge Insurance Services can deliver protection to keep things moving. Let us help your insureds with specialized, competitive offerings.

  • A.M. Best A+ Superior Rating
  • Experienced Commercial Auto Team
  • Specialized, Competitive Offerings
  • Access to Top-Rated Carriers
  • Responsive Service and Support
  • Monoline Program:
    • Specifically for automobile fleets that involve the use of commercial vehicles and private passenger cars to support business activities such as selling and distributing products, performing contracting operations, and providing services to customers.
    • Of Note:
      • Nearly all contractors qualify
      • From light trucks to extra heavy duty trucks/tractors
      • Does not include trucking for hire, livery, taxis, emergency vehicles, public auto, nor school buses
      • Excludes accounts with high loss ratios/poor safety records
  • Auto Rental
    • For independent auto, truck or motor home operators, franchisees (e.g. Hertz, Avis, Budget, etc.), and rental operations affiliated with dealerships, body shops, repair shops or self-storage facilities.
    • Of Note:
      • Auto liability/physical damage coverage
      • Start-up state specific rental agreements, forms, training and software support
      • Existing operations garage, property and general liability
      • Optional counter coverage including personal accident and effects, supplemental liability and renters collision
  • Auto Lease
    • Contingent insurance for leasing companies such as auto dealers, banks and other lending institutions that lease autos to others for a minimum of 12 months.
  • Of Note:
    • Lessors contingent and excess liability
    • Lessors physical damage and interim car coverage
  • Auto Dealers Inventory Insurance Facility:
    • Breckenridge Insurance Services delivers a customizable and competitive solution for sizable auto dealers open lot inventory coverage needs .This specific Inventory Insurance facility includes the ability to combine $1MM primary all perils–split among weather and non-weather–and a $4MM excess coverages. This top-rated facility, coupled with a location-dependent potential buydown of the $1MM limit, offers the insureds greater control of premiums and risk management solutions specific to their exposures and inventory composition. It is particularly attractive for dealers in weather-prone states. The Breckenridge team has significant familiarity with the Auto Dealer industry to partner with you on these select opportunities as well as access to many products serving the diverse needs of auto dealers nationwide.
    • Coverages –
      • $1MM Primary All Perils
      • Primary Split Weather
      • and Non-Weather
      • $4MM Excess
      • Minimum premium $100,000
    • Non-Weather Perils Including-
      • Collision
      • Vandalism
      • Theft
      • False Pretense
      • Deductibles Determined by Prior Loss/Location
    • Weather Perils Including-
      • Windstorm
      • Hail
      • Flood
      • Earthquake
      • Deductible Buydown Options
    • Other Auto Dealer Solutions:
      • Stand Alone Flood
      • Stand Alone Earthquake
      • Workers Compensation
      • Professional Liability
      • Cyber Liability
      • Point of Sale Physical Damage
      • Collateral Protection Insurance
      • Auto Finance Lender-Placed Insurance
      • Auto Lender Insurance Tracking
  • Monoline Program:
    • Completed ACORDS 125,127 and 137
    • Effective and need-by date including target price/premium
    • MVR’s and four years of loss runs for existing operations
  • Auto Dealer Inventory:
    • Dealers Open Lot Application
    • Hard Copy Loss Runs 3 Years Minimum
    • Flood Certificates/Flood Zone Verification per Location
    • Expiring Terms and Conditions
    • Target Terms and Conditions
Highlights

  • A.M. Best A+ Superior Rating
  • Experienced Commercial Auto Team
  • Specialized, Competitive Offerings
  • Access to Top-Rated Carriers
  • Responsive Service and Support
Lines of Business

  • Monoline Program:
    • Specifically for automobile fleets that involve the use of commercial vehicles and private passenger cars to support business activities such as selling and distributing products, performing contracting operations, and providing services to customers.
    • Of Note:
      • Nearly all contractors qualify
      • From light trucks to extra heavy duty trucks/tractors
      • Does not include trucking for hire, livery, taxis, emergency vehicles, public auto, nor school buses
      • Excludes accounts with high loss ratios/poor safety records
  • Auto Rental
    • For independent auto, truck or motor home operators, franchisees (e.g. Hertz, Avis, Budget, etc.), and rental operations affiliated with dealerships, body shops, repair shops or self-storage facilities.
    • Of Note:
      • Auto liability/physical damage coverage
      • Start-up state specific rental agreements, forms, training and software support
      • Existing operations garage, property and general liability
      • Optional counter coverage including personal accident and effects, supplemental liability and renters collision
  • Auto Lease
    • Contingent insurance for leasing companies such as auto dealers, banks and other lending institutions that lease autos to others for a minimum of 12 months.
  • Of Note:
    • Lessors contingent and excess liability
    • Lessors physical damage and interim car coverage
  • Auto Dealers Inventory Insurance Facility:
    • Breckenridge Insurance Services delivers a customizable and competitive solution for sizable auto dealers open lot inventory coverage needs .This specific Inventory Insurance facility includes the ability to combine $1MM primary all perils–split among weather and non-weather–and a $4MM excess coverages. This top-rated facility, coupled with a location-dependent potential buydown of the $1MM limit, offers the insureds greater control of premiums and risk management solutions specific to their exposures and inventory composition. It is particularly attractive for dealers in weather-prone states. The Breckenridge team has significant familiarity with the Auto Dealer industry to partner with you on these select opportunities as well as access to many products serving the diverse needs of auto dealers nationwide.
    • Coverages –
      • $1MM Primary All Perils
      • Primary Split Weather
      • and Non-Weather
      • $4MM Excess
      • Minimum premium $100,000
    • Non-Weather Perils Including-
      • Collision
      • Vandalism
      • Theft
      • False Pretense
      • Deductibles Determined by Prior Loss/Location
    • Weather Perils Including-
      • Windstorm
      • Hail
      • Flood
      • Earthquake
      • Deductible Buydown Options
    • Other Auto Dealer Solutions:
      • Stand Alone Flood
      • Stand Alone Earthquake
      • Workers Compensation
      • Professional Liability
      • Cyber Liability
      • Point of Sale Physical Damage
      • Collateral Protection Insurance
      • Auto Finance Lender-Placed Insurance
      • Auto Lender Insurance Tracking
Submission Requirements

  • Monoline Program:
    • Completed ACORDS 125,127 and 137
    • Effective and need-by date including target price/premium
    • MVR’s and four years of loss runs for existing operations
  • Auto Dealer Inventory:
    • Dealers Open Lot Application
    • Hard Copy Loss Runs 3 Years Minimum
    • Flood Certificates/Flood Zone Verification per Location
    • Expiring Terms and Conditions
    • Target Terms and Conditions

 

Contacts

 

Caprece Berent
Caprece Berent

AVP, Broker

Chicago, IL

Office: 312.521.8962

Cell: 630.429.1194

moc.sikcerb@tnerebc

Thomas Blanquez
Thomas R. Blanquez AINS, ASLI, CRIS

VP, Broker

San Antonio, TX

Cell: 210.862.4475

moc.sikcerb@zeuqnalbt

“Again, I want to thank you for all your help! I really do appreciate it. I don’t think there are many companies out there who would be willing to work with us as much as you did!!”

Insurance Agency Office Manager

Commercial Auto was last modified: August 1st, 2022 by Adam Rawlings