SEATTLE, May 4 /PRNewswire/ -- Safeco Insurance today announced enhancements to its commercial auto policy with coverages and features not available on standard auto policies.
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"This is a dramatic improvement that provides even more value for our very busy commercial customers," said Eric Neely, Assistant Vice President for Safeco Business Insurance. "It creates a 'worry-free' product at no additional cost. We think it's one of the best policies in the industry!"
The new Safeco Commercial Auto Policy:
-- Makes it easier for customers to do business with third parties such as vendors and clients who require insurance provisions in their contracts;
-- Extends coverage to protect employees and their vehicles when accidents occur on the job (subject to other primary insurance);
-- Provides physical damage (comprehensive and collision) coverage that extends to any rented leased or borrowed vehicles up to $50,000 when rental liability coverage is purchased;
-- Reduces a customer's out-of-pocket expenses when a claim occurs. Safeco's policy: pays full value on new vehicles in a total loss without deducting for depreciation.
In addition to the exciting product enhancements, agents can now write more than 90% of the total available commercial auto insurance market in just minutes online at http://www.safeconow.com/.
"When you combine the new coverages and features of this enhanced commercial auto policy with our competitive rates, it is clear Safeco offers the best recipe for success in today's fast-moving business environment," said Neely.
Safeco, in business since 1923, is a Fortune 500 property and casualty insurance company based in Seattle. The company sells insurance to drivers, home owners and owners of small- and mid-sized businesses principally through a national network of independent agents and brokers.
More information about Safeco can be found at http://www.safeco.com/.
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