RICHFIELD, Ohio–(BUSINESS WIRE)–National Interstate Insurance Company (National Interstate), a leading specialty property and casualty transportation insurer, is pleased to announce the launch of TowCap Premier, the first group rental captive designed exclusively for the towing and recovery industry.
“Throughout 2018, we look forward to working with our founding members to further improve their operations, reduce their overall cost of insurance and raise safety standards throughout the industry – while bringing much needed stability to the towing insurance market.”
With the launch of TowCap Premier, operators can better control their cost of risk and be confident they are insured by a stable carrier. While National Interstate has had a consistent presence in the towing and recovery industry since 2004, the insurance market for this industry has recently experienced instability, leaving few choices for best in class towing operations.
“We are thrilled to bring TowCap Premier to the towing and recovery industry,” said Mike Winchell, Director, Specialty Transportation for National Interstate. “Throughout 2018, we look forward to working with our founding members to further improve their operations, reduce their overall cost of insurance and raise safety standards throughout the industry – while bringing much needed stability to the towing insurance market.”
“Our group searched for a solution for two challenges in our industry: better control of insurance cost and stability in a carrier,” said Tyler Harden of Jim’s Towing Service and Chairman of the TowCap Premier Executive Committee. “Year after year, National Interstate has stuck by our industry, so who better than to partner with but the experts, who’ve built a captive insurance program around us.”
Available nationally, TowCap Premier launched in late 2017, complementing National Interstate’s successful traditional program for fleet towing and recovery operations. National Interstate is seeking visionary operators with a favorable loss history, a strong balance sheet and a focus on safety and training.
National Interstate will market TowCap Premier directly through retail brokers, and is currently accepting new members. The comprehensive insurance coverage includes:
- Auto Liability
- Auto Physical Damage & Garagekeepers
- On-Hook Cargo
- General Liability
- Workers’ Compensation
For more information about TowCap Premier and traditional towing and recovery programs, contact Lauren Fronczek at email@example.com, or 800-929-1500 x1141.
About National Interstate
An Insurance Experience Built Around You
National Interstate Insurance Company offers insurance products and services, including alternative risk transfer programs, focused on the transportation industry. We provide insurance solutions that address the unique needs of our customers, which include passenger, moving and storage, and truck transportation companies. National Interstate and its insurance subsidiaries, Vanliner Insurance Company and Triumphe Casualty Company, are rated “A” (Excellent) by A.M. Best Company. Founded in 1989, we are headquartered in Richfield, Ohio with operations in Kapolei, Hawaii and Fenton, Missouri.
National Interstate is a member of Great American Insurance Group. The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG). AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.
National Interstate Insurance Company
Amanda Genther, Media Relations, 330-523-5482