ASI Selected by Willis Programs for its DealerGuard(R) Dealer Open Lot Program
American Safety Insurance is proud to announce that it has been selected by Willis Programs, a unit of global insurance broker Willis Group Holdings (NYSE: WSH), as the insurance carrier for the Willis DealerGuard(R) Open Lot and HailExchangesm programs, replacing Chrysler and Intrepid Insurance Companies. ASI had previously fronted for Chrysler in certain states.
The DealerGuard Open Lot program provides open lot (physical damage) protection for dealers of new and used automobiles, recreational vehicles, motorcycles, trucks, mobile equipment, ATVs, jet skis and antique/classic cars. The program is nationwide and admitted.
The DealerGuard HailExchange program provides single-peril physical damage coverage for dealers in hail-prone areas who have a history of losses due to hailstorms. The program is available on an admitted basis in 21 states.
"DealerGuard is a leader in this business with a long, consistent record of profitable underwriting," said Brad Isaacson, Vice President of Specialty Programs for ASI. "We are delighted to be able to partner with them to protect the valuable inventory of dealers across the country."
"This is a logical next step in our relationship with ASI," said George Clarke, EVP of DealerGuard. "They have been partners since 2003 and we are very excited to deepen that relationship."
For more information on the expansion of this program,
click here.