new authority HELP!

No more new policies for first year authority through Progressive. My agent told me.

 

Cargo price went down $500 for this year(1K), also,added $1M/2M gen liability as well. Open up your wallet drivers.

 

Yeah this is what I'm getting from the FMCSA, I have to carry a minimal amount of cargo insurance for cargo liabilities because it isn't covered under other general liability coverage and I am running a for hire interstate business.

Because I have a contract that includes Hazardous substances, I maintain the $5M coverage, but even if I drop that work, I am told I have to maintain cargo insurance.

 

I got a quote from progressive for slightly less than 8k. million & 100k. I am just getting prepared to get my authority. I have been crunching number and looking at lane and rates for over a year. Almost ready to make the jump myself

 

Make absolutely sure they will underwrite you. I was told emphatically they are not writing new authorities.

 

What I see a lot of people want to buy your authority if it is in good standard why is that

 

I didn't move on it... I just got the quote. It was just the one I can remember off the top of my head... When the time actually comes i will go with a good company and i will try progressive.... I will post how it goes but I probably wont make any moves until late summer unless I get an unexpected windfall. Thanx for info

 

I talked to progressive last week told me the same thing. not writing any new entrant insurance. thats what the man told me. i am having a heck of a time finding a A rated company to insure me.

 

Have you tried through the ooida?

 

Yes, they were i think the first i called, but I told her we were planning on staying under 26k and she basically hung up on me. Lol. I got the idea if they don't get all your money for all the other stuff like a drug consortium and all that, then they don't want nothing to do with you. That was first time I ever contacted them and didn't get very far lol