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Insurance

Discussion in 'Business Fundamentals' started by Tri-State Group, Sep 29, 2011.

  1. Tri-State Group

    Tri-State Group Junior Member
    from NYC
    Messages: 5

    Hi everyone. I am new to this site.
    I have an independent office and I offer snow plow insurance through progressive.
    Last policy I wrote average yearly rate was 3750 for 1,000,000 in liability and full comp and collision in Nassau county NY

    This is for commercial auto.

    Email me at teddy@tsginsure.com
     
  2. Spucel

    Spucel Senior Member
    Messages: 413

    3750 for general liability?????????:confused:
     
  3. Tri-State Group

    Tri-State Group Junior Member
    from NYC
    Messages: 5

    Commercial Auto liability only. Not general liability
     
  4. Spucel

    Spucel Senior Member
    Messages: 413

    Prices must be a little higher on the east side of the country because thats around $2,000.00 more than mine!
     
  5. Tri-State Group

    Tri-State Group Junior Member
    from NYC
    Messages: 5

    The price I quoted is for full comp and collision. Liability only is about 1000 cheaper.
     
  6. 78Craft

    78Craft Junior Member
    Messages: 24

    That has to be the case. IL auto/commercial rates are generally cheap. I just got done quoting 5 trucks, liability only and the premium is under 1,400.....

    I can write progressive as well, Rates must just be higher out east
     
  7. Tri-State Group

    Tri-State Group Junior Member
    from NYC
    Messages: 5

    Well NYC and Long Island they are higher. But so far Progressive has been the most competitive.
     
  8. Spucel

    Spucel Senior Member
    Messages: 413

    Yea that has to be the case than. My Progressive quote was about $3,500.00 higher than what I got. And all my quotes were equal across the board...full comp and collision.
     
  9. 78Craft

    78Craft Junior Member
    Messages: 24

    How many trucks are you running.
     
  10. Spucel

    Spucel Senior Member
    Messages: 413

    One truck, plow & salter
     
  11. Tri-State Group

    Tri-State Group Junior Member
    from NYC
    Messages: 5

    One truck plow and salter as additional equipment. Multiple trucks is way cheaper.
     
  12. 78Craft

    78Craft Junior Member
    Messages: 24

    Still 3500 cheaper? :) Generally speaking progressive does great on the commercial side especially in the larger trucks.
     
  13. Stan

    Stan Senior Member
    Messages: 579

    Can you beat this: Location Suffolk County


    General Liability
    General Aggregate – 2,000,000
    Products/Comp Ops – 2,000,000
    Personal & Adv Injury – 1,000,000
    Each Occurrence – 1,000,000
    Fire Damage – 100,000
    Med Payments – 1,000
    **Includes 12 Additional Insured Blanket**
    For Binding: 25% Minimum Earned
    30% Deposit
    Signed & Completed Appl
    Signed Terro
    Signed Affidavits & Total Cost form

    Premium: $5500/+3.8% Stamp/Tax/Fee:$100/Insp:$100.00 (per loc.)/Terro: 5%
    Reply With Quote