Synchrono Group, doing business under SynchronoSure, and American European Insurance Group (AEIG) have expanded their partnership to include trucker general liability insurance for small trucking companies.
SynchronoSure will underwrite and administer the business on behalf of AEIG ultimately in 14 states.
According to Steve Hartman, CEO of SynchronoSure, the expanded program includes a product focused on trucking companies operating up to 25 power units. The general liability product includes built-in coverage specifically for trucking companies, including limit options up to $1 million/$2 million/$2 million, and coverage for automatic additional insureds, increased limits for borrowed equipment property damage, and blanket waiver of subrogation.
Chairman and CEO of American European Insurance Group Nachum Stein said its agency partners can submit trucking companies for consideration via SynchronoSure’s online platform.
SynchronoSure, an insurtech managing underwriter, said it will soon also launch workers’ compensation and excess/umbrella liability products, and has additional products planned for the first quarter of 2021.
SynchronoSure provides insurance to small business owners and the gig economy.
American European Group offers residential and commercial insurance in the states of New Jersey, New York, Pennsylvania, Maryland, Massachusetts, New Hampshire, Rhode Island Nevada and Arizona and now annually writes approximately 25,000 policies and $60 million in written premium through a network of 300 independent agents.
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