Richard Swoy, chairman of Superior Access Insurance Services Inc., announced that SAIS has added another financially stable, “A+” rated Admitted Carrier for agents writing Garages. It is a package program available to California agents.
This program is designed for small to medium non-dealer automotive garage risks such as automotive repair, service, body, glass, tune-up, transmission, sound equipment, detailing, oil, electrical, brake work and self-service gasoline sales. Convenience store sales cannot exceed 20 percent and 24-hour operation and AAA towing are excluded. Both property and general liability are required.
Liability limits up to $15 million in sales, property up to $25 million in TIVs per location with a maximum of $50 million. Umbrella available up to $10 million and up to 25 vehicles is okay. The program is very competitive on premium ranges between $1,100 low to $90,000 high. Coverages include: Employee tools & diagnostic equipment, Theft of employee tools, Employee Dishonesty, Forgery, Alteration and theft of Money and Securities. Business Income is available on an optional basis.
Applications and all specific underwriting guidelines are available on the Web site. For more complete information, SAIS subscribers and new brokers can go to www.superioraccess.com. Click on Business, then on California, then click on our new admitted market for Garages and then click on Program Overview or Quote Now. Subscribers can fax the application and supporting documents to (888) 272-7550 or call the agency support center at (800) 272-7550 X 706.
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