WESTBROOK, Maine (August 13, 2018) Acadia Insurance, a Berkley Company, is introducing Advantage Auto, Acadia’s new commercial auto product designed specifically for small businesses. Advantage Auto is part of Acadia Advantage, Acadia’s premier small business policy, and includes a wide array of commercial auto coverages at no additional cost to benefit the small business owner. This new product is available in Connecticut, New Hampshire and Vermont for new business effective September 1st and beyond, and is available in Maine, Massachusetts and Rhode Island for new business effective October 1st.
Highlights of coverages that are automatically included in Advantage Auto:
- Telematics & GPS Equipment Coverage
- Auto Loan/Lease Gap Coverage
- Autos rented by employees
- Custom signs and decorations
- Employees as insureds
- Rental Reimbursement Coverage
- Automatic additional insured by contract or agreement, including primary and noncontributory to other insurance conditions
Acadia is also offering a new Ultra Plus Enhancement endorsement that includes additional coverages not commonly found in other commercial auto policies. This endorsement to Advantage Auto is available for a flat fee of $125 and provides even more protection for small business owners. Coverage includes new vehicle replacement cost, family emergency travel reimbursement and even hybrid coverage that increases the valuation of a totaled vehicle if replacing it with a hybrid auto.
“The Advantage Auto product streamlines the commercial auto policy and builds in more coverage to help protect the assets of small business owners in the event of an accident or loss,” Doug Nelson, President, Acadia Insurance. “By building in extra coverages in one policy, the small business owner doesn’t have to worry about potential coverage gaps that can occur with multiple policies.”
For more information on Acadia’s new Advantage Auto product, please contact your local agent.
About Acadia Insurance
Acadia Insurance is a regional company offering commercial and specialty property casualty insurance coverages through independent insurance agents with local offices in Connecticut, Maine, Massachusetts, New Hampshire, New York and Vermont. Acadia Insurance is a member company of W. R. Berkley Corporation, an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance. Please visit www.acadiainsurance.com.
Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to applicable underwriting guidelines and the actual terms and conditions of the policies as issued. Certain coverages may be provided through surplus lines insurance company subsidiaries of W. R. Berkley Corporation through licensed surplus lines brokers. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.