Ohio National Interstate Launches Commercial Vehicle Product

Richfield, Ohio-based National Interstate Corp. recently announced that its principal insurance subsidiary National Interstate Insurance Co. has added a commercial vehicle product to its offering. The new product line, initially launched in Ohio, is designed to insure vehicles used by small businesses and artisan contractors and will be written exclusively through the company’s network of appointed agency partners.

The National Interstate commercial vehicle product offers bodily injury limits of up to $1 million. Recognizing the commercial consumers’ market as one with widely varying vehicles, drivers and trade types, National Interstate is offering a broad range of coverage combinations. In addition, the product presents a rate structure, down payment options and agent commissions.

“Given our trucking expertise and experience of being the largest writer of insurance for the passenger transportation industry, offering commercial vehicle insurance was a natural for us,” said Alan R. Spachman, chairman of the Board and president of National Interstate Corp. “It allows us to capitalize on our expertise while offering a specialized insurance product to small businesses and artisan contractors that can be customized to fit their individual needs.”

John A. Hollar, vice president of National Interstate Insurance Company commented that, “The majority of commercial vehicle insurance is written through the Independent Insurance Agency channel. Customers value their expertise and so do we. Everything about our product, from our rate level and coverage options to our Internet based agency technology, was designed with input from independent agents.”

National Interstate Corp. identifies itself as a specialty property and casualty insurer with a niche orientation and focus on the transportation industry. Products sold include property and casualty insurance for transportation companies, captive insurance programs for commercial risks, specialty personal lines consisting primarily of recreational vehicle coverage, and transportation and general commercial insurance in Hawaii and Alaska. Insurance products are sold through multiple distribution channels including independent agents and brokers, affiliated agencies and agent Internet initiatives.

Source: National Interstate Corp.

Topics Auto Agencies Commercial Lines Ohio New Markets