Ask Your Peers - New Venture Hot Shot Risk by Matthew Gehrman

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Matthew Gehrman, CityScape Insurance LLC - Mesa, AZ 85210

Reputation: 1479 - Total posts: 200

I have a new venture interstate hotshot risk that needs commercial auto, cargo, and GL. I've quoted through Progressive and they're insanely high for this risk, still waiting to hear back from National Indemnity but I'm wondering if there are any other markets I can approach.

1 power unit & driver
4yrs experience
Just filed for USDOT & MC #
Will be hauling general freight including building material, contractor equipment, and non-household goods.

8 year(s) ago

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Jeffrey Holly, Valley Insurance Service Inc - Fort Valley, GA 31030

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0 Verified Reviews - 0 of 5.0

Jeffrey Holly, Valley Insurance Service Inc - Fort Valley, GA 31030

Reputation: 5 - Total posts: 1

Do you have access to NSurance Outlets? They have multiple markets for hotshot accounts if you have 3+ year experience with favorable loss run.
Othewise, the 2 markets you mentioned are the choices.
Should you find something favorable let us know.

[email protected]
www.InsureTheBigRig.com

8 year(s) ago

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John Jones, Star City Brokers - Hollins, VA 24019

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1 Verified Reviews - 5 of 5.0

John Jones, Star City Brokers - Hollins, VA 24019

Reputation: 280 - Total posts: 50

Try USG or Zurich Program.com. If it's an owner operator NITC can do it. NiCO will be expensive to.

8 year(s) ago

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JON LUCAS, AAC INSURANCE GROUP - Wilm, NC 28403

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JON LUCAS, AAC INSURANCE GROUP - Wilm, NC 28403

Reputation: 12 - Total posts: 2

Matthew you can try Jim Butler at Piedmont Transportation. 1-800-344-5570 or www.ptuinc.com

8 year(s) ago

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5 Verified Reviews - 5 of 5.0

Matthew Gehrman, CityScape Insurance LLC - Mesa, AZ 85210

Reputation: 1479 - Total posts: 200

Thanks for the suggestions, I forgot to mention that this risk is in New Mexico which also presents it's own challenge.

8 year(s) ago

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Curt Mooney, Great Southern Agency - Carrollton, GA 30117

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Curt Mooney, Great Southern Agency - Carrollton, GA 30117

Reputation: 5 - Total posts: 1

Prime will accept hotshots, but they are quite difficult to get anything done with.

8 year(s) ago

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Ashley Fuerstenberg, AmWINS Underwriting - Catlett, VA 20119

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4 Verified Reviews - 5 of 5.0

Ashley Fuerstenberg, AmWINS Underwriting - Catlett, VA 20119

Reputation: 4666 - Total posts: 403

Hi Matthew,

Thank you for using CompleteMarkets!

I did a market search for New Mexico and was able to find that MAXIMUM has a market for this risk. They can provide Auto, Cargo and General Liability. They have a broad appetite for the Transportation industry so I don't think that the "hotshots" will be a problem for them.

They work with a number of A rated carriers and have various commission levels. Please click here to send them an email and be sure to include any apps/accords that you have so it will help the process go faster.

Please let me know if you have any questions or if there is anything I can do to help!

8 year(s) ago

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