myfakename
Super Genius
- 163
Been to Progressive(too big of fleet), Berkshire Homestate/Nico(10k/unit),and AmWins.
Any other markets?
Any other markets?
Anyone got a market for taxis?
- Thread starter myfakename
- Start date
- 5,290
I would go to GMI and ARRC. It's probably worth spending two or three minutes emailing each of your carriers one by one to see who is interested. That's what I do when I have a tough one.
Al3x Lee
Guru
- 952
Independent here, our agency used to write them. They became too much of a pain so we refer them all to a farmers agent we know. He has access to some program, I forget which one, that's great for Taxis
Here's a website I use from insurance journal when I'm trying to find coverage for a tough risk MyNewMarkets.com - Insurance Markets Directory and Search Engine
- 5,290
Not surprising. While I do write them, depending on the circumstances, I often steer clear of anyone in the transport or auto sales space, as well as most contractors.
Al3x Lee
Guru
- 952
I love transport, dealerships and contractors, but some classes within those businesses are tough, taxis being one of them unfortunately.
- 5,290
Interesting. The premiums are juicy, but the non renewals, and payment issues must be a pain?
Al3x Lee
Guru
- 952
There's a give and take for every line of business for sure. Non-renewal usually means they move to a more expensive market, so while a pain, more premium, but it is definitely a lot of work.
- 5,290
Al3x Lee
Guru
- 952
Every once in a while you get one who leaves for another broker, but with the hard market not a lot of people can swoop in and steal a customer with lower premium, especially if they get non-renewed or are a hard risk. The retention rate stays pretty high, and if I lose em this year I'll try to get them back this year if they're a good client
- 5,290
Interesting. I'm always worried about some scammy little goof ass agent fudging payrolls or class codes or something like that and undercutting me with some bogus quote.
