Prime Insurance Company

Prime Insurance Company Review

For more than 40 years, Prime Insurance Company has been helping businesses protect themselves against risk. The insurance carrier offers products for specialty risks as well as the transportation industry.

Prime Insurance offers a marketplace for high-risk businesses, such as those with a history of claims, new ventures, previously declined or rejected, and those with emerging risk.

The transportation industry has unique and difficult-to-understand risks, and Prime helps companies find coverage that takes these risks into account.

Prime Trucking Insurance Products

In the transportation sector, Prime Insurance Company specializes in tow truck, bus and commercial trucking insurance.

Truckers spend long hours on the road, so it is crucial to have adequate insurance coverage. As an excess and surplus lines insurance company, Prime can help provide coverage solutions for declined and specialty risks.

Prime offers customized insurance plans to meet coverage requirements. They cover the following classes:

  • Long-haul trucking
  • Tow trucks
  • Short-haul trucking
  • Delivery trucks
  • Dump trucks
  • Truck drivers
  • Garbage trucks

Their coverages include:

  • Commercial auto liability (in most states)
  • New operators coverage
  • Commercial auto physical
  • Hired and non-owned auto
  • Terminal operation
  • Motor truck cargo
  • Excess auto liability
  • Dealer/transport plate liability

Additionally, Prime also offers admitted coverage through Prime Property & Casualty Insurance Inc. They write commercial auto coverage on an admitted base in Illinois, Florida, Kentucky, Kansas, North Carolina, Massachusetts, Nevada, New Mexico and South Carolina.

Admitted coverage includes:

  • Online certificates of coverage
  • Protection in case of a claim, incident or lawsuit
  • Customized coverage
  • Flexible underwriting
  • In-house attorneys

Options are available even if you have substandard DOT scores, losses, problems on MVRs, moving violations and other issues.

Tow Truck Insurance Coverage

Prime can write customized insurance for tow trucks, drivers of tow trucks as well as towing and repossession companies.

Coverages include:

  • Commercial auto physical damage
  • Commercial auto liability
  • Contingent auto liability
  • New operators coverage
  • Excess auto liability
  • Hired and non-owned auto liability
  • Dealer/transport plate liability

The company offers commercial auto coverage through its carrier Prime Property & Casualty Insurance, Inc. for the following states: Florida, New Jersey, New Mexico, Nevada, Illinois, Kentucky, Kansas, South Carolina, Massachusetts, North Carolina and Nevada.

Commercial auto coverage is not available in New York for two trucks, but non-owned and drive-away coverage is available everywhere in the nation.

Bus Insurance

Prime Insurance offers excess and surplus lines insurance to help protect bus operators from liability risks. Multiple options are available for:

  • Bus drivers
  • Commercial bus drivers
  • Personal use bus drivers

Depending on the state, insurance coverage will extend to bus drivers, services and companies. Even if you’ve been denied insurance or your insurance has been canceled in the past, Prime is willing to work with you to find a solution to best for your needs.

For over 40 years, the company has taken a hands-on approach to insurance and writes maximum coverage policies even for drivers deemed “too risky to insure” by other companies.

Multiple bus insurance options are available for bus companies, bus services, bus drivers, skoolies, city, party, charter, paratransit, tour, school, private, shuttle and more. Prime will work with you to develop a custom insurance plan that:

  • Lowers your risk of liability
  • Saves you money
  • Fits in your budget

Specialty liability coverage is available for tour bus operators. Many insurers are backing out of the industry due to the high risk when insuring tour buses. However, Prime will work with you to write up a policy for double-decker buses, charters, open-air buses and more.

Effortless Claim Submission

Prime Insurance Company is prized for offering a quick and easy way to file claims. The claims go through Claims Direct Access, which allows policyholders to:

  • Fill out an online claims form, or
  • Print, fill out and send forms via email

A team of experienced claims experts will rapidly respond to the claim to offer professional advice and representation to claimants.

The online form allows you to enter in all of your information, add witnesses and even attach photos of the accident to speed the claims process along.

Policyholders can also download an app on iOS or Android to fill out claims or review their policy information at any time. In terms of claim response, they are one of the higher rated companies along with Reliance, 1st Guard and Progressive.

Why Choose Prime Insurance Company?

For those in the transportation industry, Prime offers specialty coverage that may be otherwise hard to obtain. But there are many other reasons to choose Prime for trucking insurance.

Direct Underwriting

Prime’s direct underwriting process is streamlined to save time and reduce stress. They have an in-house risk management team that will help move the underwriting along more quickly and ensure they have all of the information and documentation that’s needed.

Additionally, you’ll find that there is no minimum to write with Prime Insurance Company.

Efficient Claims Handling

Accidents will be inevitable, especially in the transportation industry. Prime has in-house adjusters and attorneys who work directly with clients to handle claims as quickly and efficiently as possible. They also have a claims hotline that’s available 24/7 for policyholders.

Flexible Financing Options

Specialty and high-risk insurance do come at a higher cost. To help clients, Prime offers financing options through Greenlight Premium Financing Company. Financing can help make costs more manageable.

Risk Mitigation Services

Prime has an in-house risk management team that helps clients develop and implement strategies that reduce the risk of accidents and having to file claims. Their mitigation services can help keep premiums affordable and reduce liability costs.

Prime Insurance Company offers a range of excess and surplus coverage options for transportation businesses.