AGTA Fall 2008 Salt Lake City Ray Harvey

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AGTA – Fall 2008 Salt Lake City Ray Harvey

AGTA – Fall 2008 Salt Lake City Ray Harvey

 • General Manager – Cross. Roads General Agency. Duluth, GA • A division

• General Manager – Cross. Roads General Agency. Duluth, GA • A division of National Interstate Insurance • Underwriting office for public transportation business. • Program is available to independent insurance agents across the country.

Company Information • National Interstate Insurance Company established in Cleveland, OH in February 1989.

Company Information • National Interstate Insurance Company established in Cleveland, OH in February 1989. • Licensed in all states and DC. • AM Best rated “A” (Excellent) VIII • Parent company National Interstate Corporation (Nasdaq: NATL), is a subsidiary of Great American, property – casualty subsidiary of American Financial Group, (NYSE: AFG, Nasdaq: AFG) • Headquartered in Richfield, OH which is between Cleveland Akron.

 • Over the past 2 decades, National Interstate has grown to become the

• Over the past 2 decades, National Interstate has grown to become the premier writer of passenger transportation insurance in the United States. • This status is achieved through outstanding claims handling, highly rated customer service, and underwriting expertise. • The real growth story is in our Alternative Products Group, where our experience in wheels based insurance for transportation markets is unrivaled.

Growth over 20 years • 1989 – Passenger Transportation • 1996 – RVs, Crossroads

Growth over 20 years • 1989 – Passenger Transportation • 1996 – RVs, Crossroads General Agency office in Georgia, Hawaii office, Trax Group Captive. • 2000 – Truck Transportation • 2001 – Companion Auto, Voyager Group Captive, Calypso Group Captive • 2003 – CAMT office, Venture Group Captive • 2004 to present – 2 additional personal lines products and 21 different Captive products including tow trucks, heavy equipment haulers, and most recently a beer distributor.

“INSURANCE REQUIREMENTS FOR AIRPORT CONCESSIONS – HOW MUCH IS ENOUGH? ”

“INSURANCE REQUIREMENTS FOR AIRPORT CONCESSIONS – HOW MUCH IS ENOUGH? ”

How much is required? • Federal and State jurisdiction • FMCSA requirements (interstate travel)

How much is required? • Federal and State jurisdiction • FMCSA requirements (interstate travel) – $5 mm - Seating capacity 16 or more – $1. 5 mm – Seating capacity less than 16 • State requirements (intrastate travel) – Each state has their own requirements

Arizona Seating Capacity Minimum Limit Taxis - Less than 8 Pax $300, 000 8

Arizona Seating Capacity Minimum Limit Taxis - Less than 8 Pax $300, 000 8 to 15 Passengers $750, 000 16 or more $5, 000

California Seating Capacity Minimum Limit Less than 8 Pax $750, 000 8 to 15

California Seating Capacity Minimum Limit Less than 8 Pax $750, 000 8 to 15 Pax $1, 500, 000 More than 15 Pax $5, 000

Nevada Seating Capacity All horse-drawn vehicles and taxis Minimum Limit $250/50 Less than 16

Nevada Seating Capacity All horse-drawn vehicles and taxis Minimum Limit $250/50 Less than 16 Pax $1, 500, 000 More than 15 Pax $5, 000

Colorado Seati ng Ca pa cit y Mi n i m u m L

Colorado Seati ng Ca pa cit y Mi n i m u m L i m it $5

Washington Seating Capacity Minimum Limit Less than 16 $1, 500, 000 More than 15

Washington Seating Capacity Minimum Limit Less than 16 $1, 500, 000 More than 15 $5, 000

Oregon Seating Capacity Minimum Limit All $750, 000

Oregon Seating Capacity Minimum Limit All $750, 000

Idaho Seating Capacity Minimum Limit Less than 25 $1, 500, 000 More than 24

Idaho Seating Capacity Minimum Limit Less than 25 $1, 500, 000 More than 24 $5, 000

Illinois Seating Capacity Minimum Limit 10 to 13 Pax $1, 000 13 to 20

Illinois Seating Capacity Minimum Limit 10 to 13 Pax $1, 000 13 to 20 Pax $1, 500, 000 21 to 30 Pax $2, 000 More than 30 $3, 000

Texas Seating Capacity Minimum Limit 16 to 25 Pax $500, 000 More than 25

Texas Seating Capacity Minimum Limit 16 to 25 Pax $500, 000 More than 25 Pax $5, 000

Minnesota Seating Capacity Minimum Limit Less than 16 $1, 500, 000 More than 15

Minnesota Seating Capacity Minimum Limit Less than 16 $1, 500, 000 More than 15 $5, 000

Louisiana Seating Capacity Minimum Limit All $250/500/10

Louisiana Seating Capacity Minimum Limit All $250/500/10

Florida Seating Capacity Minimum Limit All $300, 000

Florida Seating Capacity Minimum Limit All $300, 000

Georgia Seating Capacity Minimum Limit Less than 13 Pax $100/300/50 More than 12 Pax

Georgia Seating Capacity Minimum Limit Less than 13 Pax $100/300/50 More than 12 Pax $100/50

Other points to consider: • Get sufficient coverage so that you can gain access

Other points to consider: • Get sufficient coverage so that you can gain access to the venues that you want to target. • Do certain venues require higher limits than others? • Insurance is one of the biggest expenses that an operator incurs. • Operators tend to leave the insurance decision to the last minute. • Get optional quotes for other limits. • Higher limits could be a marketing tool.

QUESTIONS? • Ray Harvey

QUESTIONS? • Ray Harvey