Have a trucking prospect in our office, and currently their business entity is an individual dba. The owner was in business over 10 years and we have 5 year loss runs with only 1 accident, everything in that respect is good, but the owner retired and hired a driver. He is passing the business on to his daughter, who is going to form a corporation and keep that truck and that driver. I've approached a couple of wholesalers who have access to CCIC, Occidental and a couple of others; they've declined on the basis of it being a new venture when she takes over, and also because she is not a CDL driver.
We are not a trucking specialist agency, so we don't have access to any truck markets that don't distribute through brokers; and I have no trucking volume to promise to any such markets, so, does anyone have any ideas on a market that I could access through a wholesale broker that might take a so-called "new venture" like this? Most likely if I can't think of anything soon, I'll just refer them on to another local agent that does specialize in trucking and has some direct contracts that I can't get without volume.
Summary : 1 Truck, long haul, have IFTAs and everything, vehicle inspection # is slightly high but nothing major, just can't get past the combination of technical new venture and daughter/new owner is not a CDL driver. The employed driver has 20 years experience and a clean MVR, so no issue there.
TN long haul trucker, sort of new venture
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KHoney
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Re: TN long haul trucker, sort of new venture
Hello - here are some links I found on Insurance Journal's searchable database over at MyNewMarkets.com:
http://www.mynewmarkets.com/products/egn46e
http://www.mynewmarkets.com/products/bun4c3
http://www.mynewmarkets.com/products/33rakb
http://www.mynewmarkets.com/products/6w6sxg
http://www.mynewmarkets.com/products/7cgv7e
http://www.mynewmarkets.com/products/g90tp4
Most companies listed on the site have a contact specific to each product listed under the 'ask a question' field. You can find a phone number or any other info in their company profile page. Good luck!
http://www.mynewmarkets.com/products/egn46e
http://www.mynewmarkets.com/products/bun4c3
http://www.mynewmarkets.com/products/33rakb
http://www.mynewmarkets.com/products/6w6sxg
http://www.mynewmarkets.com/products/7cgv7e
http://www.mynewmarkets.com/products/g90tp4
Most companies listed on the site have a contact specific to each product listed under the 'ask a question' field. You can find a phone number or any other info in their company profile page. Good luck!