Transmission – May 2021
Agent & Driver of the Year
The Fundamental Underwriters team is proud to recognize Maximum Independent Brokerage, LLC, with locations in Chicago, Ill. and Garnet Valley, Penn., as our 2020 Agency of the Year.
“I’m pleased that our first-ever Agency of the Year award is being presented to Maximum Independent Brokerage, an agency that has partnered with Fundamental Underwriters from the start,” said Abel Travis, vice president of Fundamental Underwriters. “Maximum not only placed our first policy with Beth MacKinnon, our first underwriter, but they have contributed significantly to our success. We appreciate the strong partnership and look forward to continuing to grow together in the coming years.”
“It’s truly an honor to be the first recipient of Fundamental Underwriters’ Agency of the Year award,” said Anthony Verrecchia, senior managing director & partner of Maximum Independent Brokerage, LLC. “Fundamental Underwriters has built a great reputation and I’m proud that Maximum has played an instrumental role building the next frontier with Rob Westburg and his team. Congratulations to everyone who has been involved in making this achievement happen and here’s to even better things through our partnership in the years to come.”
Additionally, the Fundamental Underwriters team and agent partners selected Corey McDaniels of Freight Solutions in Houston, TX, as the 2020 Driver of the Year. This annual award was created to acknowledge the outstanding driving achievements of a policyholder.
Criteria for consideration included:
- No at-fault accidents
- No moving violations
- Minimal or non-serious Carrier Safety Administration (CSA) violations
- Contributions to the organization that would be considered above and beyond (displaying leadership qualities, volunteering, etc.)
The team was proud to honor Corey with a crystal semi-truck award, gift cards to Bass Pro Shop and Cabela’s and a Fundamental Underwriters’ Carhartt jacket!
Congratulations to Maximum Independent Brokerage, LLC and to Corey McDaniels!
New Product Opportunity
Steve Cooper, president of AF Group’s Workers’ Compensation Division, and Abel Travis, vice president of Fundamental Underwriters, are excited to introduce a new product – Primary Non-Owned Auto (PNOA) – offered through Fundamental Underwriters. PNOA is designed to address the needs of businesses in the health and human services industry.
PNOA insurance purchased by a business or non-profit organization provides primary auto liability and optional physical damage coverage for employees while driving their personal vehicles on company time. Benefits of PNOA include better protection for staff, improved risk profile for the employer, streamlined and consistent management of employee vehicle operation, and a beneficial recruitment and retention tool for policyholders.
Fundamental Underwriters will officially begin offering PNOA on July 1, 2021, in the following 13 states: Alabama, Arkansas, Colorado, Georgia, Illinois, Indiana, Missouri, Nebraska, Ohio, Oklahoma, Tennessee, Texas and Virginia.
We are thrilled to launch this product and to further educate our customers on the value of this opportunity. To do so, the Fundamental Underwriters team will host several webinars to share more about PNOA, including how it benefits your customers and how to start quoting the product, as well as answer any questions you may have. Please click on one of the links below to register through Zoom.
- Monday, 5/17, Noon-1 p.m. EST
- Tuesday, 5/18, 2-3 p.m. EST
- Wednesday, 5/19, 1-2 p.m. EST
- Monday, 5/24, 4-5 p.m.EST
There are plans to offer the product beyond the initial states in the near future, so if you are not located in the current footprint, but would like to learn more, please join one of the sessions.
We look forward to connecting with you during one of the webinar sessions!
Our new large deductible product launched earlier this month and we’re excited to share further details about this worthwhile opportunity.
The large deductible option is a complement to our guaranteed cost product and is designed for trucking companies that fall under the following criteria:
- Have fleets of at least 150 units
- Have a higher degree of sophistication
- Have a desire to share risk
- Want to better manage cash flow
- Aspire to partner with their insurers for more extended periods of time
Deductibles are available from $50,000 up to $1,000,00, and have the following collateral options: static cash (non-depleting), line of credit (LOC) and step-up options available for both LOC and cash.
Please reach out to your contact on the Business Development team for further information regarding the large deductible product.
We recently announced a partnership with Snapsheet, a pioneer in virtual appraisals, to utilize its appraisal services to deliver an exceptional experience to its customers. As a division of AF Group – collectively one of the nation’s largest writers of specialty insurance – Fundamental Underwriters is focused on delivering exceptional mid-market trucking insurance solutions.
“Fundamental Underwriters continues to adopt innovative technologies to deliver superior services to our customers,” said Abel Travis, vice president of Fundamental Underwriters. “Adding Snapsheet’s virtual claims handling capabilities will speed up the claims process and ensure that our customers can more rapidly repair their vehicles to bring them back onto the road.”
“The specialty vehicle appraisal market is a really exciting space for us and we’re seeing exponential growth in all areas, from long-haul trucking, mid-mile and delivery, to personal lines like motorcycles and RVs,” said Andy Cohen, chief operating officer of Snapsheet. “We are thrilled to partner with Fundamental Underwriters and look forward to helping them expand and deliver exceptional specialty insurance services to their customers through our virtual appraisal expertise which can support any type of vehicle, anywhere, and with seamless integration.”
Congratulations to Action Resources, Inc. and Wright Transportation, Inc. for being recognized for their safety efforts by the Alabama Trucking Association. Click here to see the full list of award winners.