GMI Insurance offers a focused Business Auto Monoline Insurance program for commercial accounts with diverse vehicle fleets. As a managing general agency with national reach, GMI tailors business auto solutions for industries that depend on vehicles for service, delivery, and operations. This monoline option gives agents a competitive market for clients with established commercial auto exposures and varied fleet needs.
Overview
This program is built for agents who need a specialist market for commercial auto risks. GMI underwrites business auto only, which allows for streamlined submissions and deeper expertise when placing accounts made up of service vehicles, delivery trucks, and mixed fleet operations.
Ideal Accounts and Appetite
Typical accounts should have at least two years in business and prior commercial auto coverage. Target classes include:
- Contractors (general and specialty trades, environmental, demolition, rigging, sheet metal, pool maintenance)
- Manufacturers and distributors (beverage, appliance, food, building supplies)
- Retail/wholesale dealers and delivery operations
- Service companies with field vehicles (HVAC, plumbing, pest control, street sweeping, florists)
Nearly all contractor classes are considered, including specialized trades. The program also accepts many types of distributors and service fleets.
Vehicle Types and Fleet Requirements
- Private passenger vehicles
- Light-to-medium trucks
- Heavy and extra-heavy trucks/tractors*
- Dump trucks*
- Trailers
*Heavy, extra-heavy, or tractor units are eligible only when the fleet has five or more vehicles and the account meets prior coverage and experience requirements.
Coverage Highlights and Advantages
- Monoline business auto capacity — underwriters focused strictly on commercial auto risks
- Flexible underwriting for mixed fleets and varied operations (material delivery, installation, service calls)
- Competitive options for established fleets with documented loss experience
- Admitted placements where applicable through Plaza Insurance Company
By concentrating on business auto, GMI offers agents market access and underwriting depth for accounts that may be too complex for generalist markets.
Underwriting Guidelines and Minimum Premium
- Minimum account premium: $1,500
- Accounts must have prior commercial auto insurance and a minimum of two years in business
- Required submission documents: ACORD 125, 127, 137, GMI supplemental application, four years of loss runs, MVRs, and premium detail
Not eligible: new ventures, accounts with a loss ratio of 40% or greater, unsatisfactory SAFER ratings, public auto (buses, taxis), emergency vehicles, long-haul trucking, and oil & gas exposures. Risks located in New York City’s five boroughs and Long Island are also ineligible.
Territories and Availability
This Business Auto Monoline program is available in all 50 states and Washington, DC through Plaza Insurance Company. GMI provides admitted coverage where required by state regulations.
Why Work With GMI Insurance?
GMI brings decades of commercial transportation underwriting experience and a streamlined submission process. Agents benefit from a market that understands complex fleet exposures, flexible appetite across contractor and distribution classes, and access to admitted paper when appropriate. The program is well suited to accounts that need focused underwriting and reliable capacity for established commercial auto operations.
Example accounts that fit
- A regional HVAC contractor with 12 field service vans and a history of prior commercial auto coverage looking for a consolidated fleet policy.
- A beverage distributor operating a mix of pickup trucks and light straight trucks seeking admitted business auto limits and a program that accommodates delivery and installation exposures.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for contractors, manufacturers, distributors, and service-based businesses with commercial vehicle fleets and at least two years of operating history with prior auto coverage.
Are heavy trucks and tractors eligible?
Yes. Heavy or extra-heavy trucks and tractors are eligible when the fleet includes at least five vehicles and the account meets prior coverage and experience requirements.
Can new ventures be written under this program?
No. New ventures are not eligible; accounts must have at least two years in business and prior commercial auto insurance.
What are some common ineligible risks?
Ineligible risks include public autos (buses, taxis), emergency vehicles, long-haul trucking, oil and gas operations, and accounts with a loss ratio of 40% or higher.
What states is the program available in?
This Business Auto Monoline program is available in all 50 states and Washington, DC.
Need help placing an account? Connect with a market specialist.