GMI Insurance offers a robust Business Auto Monoline Insurance program designed for commercial accounts with diverse vehicle fleets. As a managing general agency with national reach, GMI specializes in providing tailored insurance solutions for a wide range of industries, with a focus on businesses that rely on vehicles for service, delivery, and operations. This program is an excellent option for agents and brokers seeking a competitive market for clients with established commercial auto exposures.
Ideal Accounts and Appetite
Eligible accounts typically have at least two years in business and prior commercial auto coverage. This program is well-suited for businesses that operate service vehicles or manage delivery fleets, including:
- Contractors (general, trade, environmental, demolition, etc.)
- Manufacturers and distributors
- Building supply dealers
- Service-based companies (e.g., HVAC, plumbing, pest control)
Nearly all types of contractors qualify under this program, including specialized classes like rigging, sheet metal, and pool maintenance. The appetite also extends to distributors (e.g., beverage, appliance, food), florists, and street sweeping services.
Vehicle Types and Fleet Requirements
- Private passenger vehicles
- Light to medium trucks
- Heavy and extra heavy trucks/tractors*
- Dump trucks*
- Trailers
*Accounts with heavy, extra heavy, or tractor units must have a fleet of five or more vehicles and meet prior coverage and experience requirements.
Coverage Highlights and Advantages
This monoline program offers flexible underwriting for a wide range of fleet compositions and usage types, including:
- Material and equipment delivery
- Product delivery and installation
- Retail and wholesale distribution
- Service call operations
By focusing solely on business auto, GMI provides agents with competitive options and deep expertise in handling commercial vehicle exposures.
Underwriting Guidelines and Minimum Premium
Key underwriting notes include:
- Minimum account premium: $1,500
- Accounts must have prior commercial auto insurance and two years in business
- Submission must include ACORD 125, 127, 137, GMI supplemental, 4 years of loss runs, MVRs, and premium detail
High-loss ratio accounts (40% or greater), new ventures, and accounts with unsatisfactory SAFER ratings are not eligible. This program also excludes public auto, emergency vehicles, long-haul trucking, and oil/gas exposures. Risks located in New York City’s five boroughs and Long Island are ineligible.
Territories and Availability
This program is available in all 50 states and Washington, DC, through Plaza Insurance Company. GMI Insurance provides admitted coverage where applicable.
Why Work With GMI Insurance?
With decades of experience in commercial transportation underwriting, GMI Insurance offers a dedicated focus on business auto risks. Their streamlined submission process, broad underwriting appetite, and access to reliable markets make them a valuable partner for agents placing accounts with complex or sizable vehicle operations. If you have a contractor client with a growing fleet or a distributor needing reliable business auto coverage, GMI’s program could be the perfect fit.
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, accounts with heavy or extra heavy trucks and tractors are eligible if they have a fleet of at least five vehicles and meet experience and prior coverage 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 (e.g., buses, taxis), emergency vehicles, long-haul trucking, oil/gas exposures, 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.