Our exclusively designed property and casualty insurance products were developed with over 55 years of combined experience insuring automotive industry businesses like yours. We designed these insurance products with knowledge, experience and specialization to fit the insurance needs of your operation. Our program policies are underwritten through the Chubb Group of Insurance Companies.
We provide our customers with extraordinary financial security — the combination of unparalleled strength and reputation of the Chubb Group of Insurance Companies, highly specialized underwriting expertise of SeaFire Insurance Services, and the stability and integrity of Preferred Concepts. The high caliber of business partners reflects our underwriting capability, deep knowledge, and expertise in the industry as well as their trust and confidence in SeaFire Insurance Services.
Teamwork and Collaboration
One example is demonstrated by our total solutions approach for our preferred producers. Our relationship with Preferred Brokerage offers unparalleled brokerage capabilities for hard to place exposures often found within automotive risks. This capability is possible as a result of a collaborative culture with a core belief that teamwork, information sharing, and the free exchange of ideas allow us to create better solutions for your clients’ complex and specialty lines placements.
Our limited appointment model is a very important differentiator. We carefully select producers with brand, scale and dedicated resources in our select markets. This limited approach provides our producers with a “unique” offering in the marketplace for their automotive customers and allow us to align and dedicate resources to highly productive producers. We strongly believe this approach increases customer satisfaction, improves risks selection and underwriting and provides a partnership for profitable growth for our producers.
Ease of Doing Business
We clearly understand how important it is to have a turnkey, easy approach to doing business with Seafire Insurance Services. As a result, we have and will continue to make investments in technology to improve the efficiency of our operations. We believe this investment is an important long term differentiator in the marketplace. Our operations are virtually paperless.
In our business, the most important assets are the intangibles: the people, their business practices, intellectual capital, and their customer relationships. This is why integrity is at the core of all we do.
We say no when we have to and yes when we can.
February 20, 2014 — Whether to opt in or out of wholesale finance floor-plan insurance programs is a tricky decision for car dealers. From my experience, the average dealer spends more than 40% of their total property and liability insurance costs insuring the auto inventory held for sale. In some states, the auto inventory insurance can be more than the entire package premium. There are significant variances in auto inventory insurance rates and terms depending on the carrier, program and dealership.
December 3, 2013 — Imagine your next phone call is one of your employees explaining that a pedestrian has been struck by a company vehicle. Do you know what to do? Do your employees? These calls are happening more frequently at dealerships than ever before.
I have seen a significant number of high value claims as a result of contractors or subcontractors not carrying insurance or inadequate limits of insurance.
April 1, 2013 — After battling Hurricane Sandy last fall, the blizzard that paralyzed New York City in early February and the spring snowstorm that swiped New Jersey early last week, residents in the Northeast are weather-weary.
March 8, 2013 — I see an increasing trend from auto dealers: slip, trips and falls are on the rise, particularly in the service department.
This uptick can be attributed to several factors…