BISYS is offering vehicle insurance to towing and recovery operators. Via a new relationship with an A-rated insurance carrier, BISYS Specialty Programs are offering coverage for this class of business, including their associated garage operations. Body shops and repair shops with towing, are eligible as well.
Lynn Roach, vice president and programme manager, has been hired to lead this underwriting operation. Roach has expertise in startups, reinsurance placement, underwriting and loss control for specialty niche programs, including fourteen years in specialty program management and several years underwriting risks for the towing industry.
The BISYS Towing and Recovery program provides the professional tower, specialty expertise to help assure their assets are covered against loss. Having an insurance partner that understands the industry is critical in protecting a specialty business. We work with the towing operators insurance agent to recommend the most effective covers and limits, says Roach.
Coverage available includes auto liability, physical damage, Uninsured Motorist/Under Insured Motorist (UM/UIM), Personal Injury Protection (PIP) statutory, garage keepers legal, general liability, on hook cargo, and inland marine.
The programme is currently available in 19 states including Alabama, Arizona, Delaware, Hawaii, Iowa, Illinois, Indiana, Missouri, Mississippi, North Dakota, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Vermont and Wisconsin, with additional states pending.