New Insurance Program Launched for Aerial Lift Rental and Sales Centers

December 6, 2006 • Wachovia Insurance Services, Inc., Chicago, Ill., has been appointed the managing underwriting agent for a specialty insurance program for aerial lift equipment rental and sales centers. Underwritten by a national insurance company with an A+ Superior financial strength rating by A.M. Best, this unique program offers a comprehensive range of property and casualty insurance coverages, including inland marine, property, automobile, and general liability, to aerial lift equipment dealers and rental centers nationwide.

 

“I believe this represents a major change in insurance purchasing trends for the industry segment,” said Bill Holler, Wachovia Insurance Services' aerial lift equipment insurance specialist. “It's rare to find a single insurance company offering all lines of coverage for this particular sector.”

 

Companies that offer coverage to aerial lift dealers usually limit coverage to a single policy type, such as general liability or inland marine, Holler said. “With our specialty program, lift dealers can obtain the majority of their commercial insurance coverages from a single, reliable source,” he added. “The advantages of a single provider are numerous • competitive pricing, ease of administration, common renewal dates, and fewer opportunities for coverage gaps, just to name a few.”

 

For more information regarding insurance coverages for aerial equipment dealers and rental centers, contact Holler at 312-612-5039 or william.holler@wachovia.com.