Capitol Insurance Companies (Capitol) announced the launch of their new commercial automobile insurance product. The product is available for appointed insurance agents and brokers through a newly designed online processing system that will allow them to rate and quote their automobile insurance in an easy and convenient manner.With the release of this new online system, agents and brokers will have the ability to speed up the process of obtaining automobile insurance quotes online, anytime. The initial system release is for agents and brokers located in the states of AZ, IA, IL, IN, MN, NV, ND, OH, SD, UT and WI with additional states scheduled for release throughout 2009.
Capitol has already written the first automobile insurance policy in the company's 50-year history. The coverage was placed by Westland Insurance Services in Tomah, Wis.
Although Capitol's automobile product can be written on a standalone basis, the primary focus will be on enabling agents and brokers to place the automobile coverage for many of their existing Capitol accounts. There are no minimum or maximum fleet sizes for consideration, but the company expects most of the business to be comprised of smaller fleets (e.g., 10 units or less) that consist of private passenger, service and light-to-medium commercial vehicles.
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