School Bus Insurance Solutions Solves Roadblock for Agents

By Luis Higgins

When carriers pull back from niche markets, there’s nothing we love more at NSM Insurance Group than diving in (strategically, of course) to help agents get their clients the protection they need. That’s exactly what we’re doing with School Bus Insurance Solutions (SBIS), a best-in-class program designed to meet the unique risks facing school bus contractors with fleets of 10-100 vehicles from coast to coast!

At the end of last year, one of the largest carriers for school bus contractors left the space, creating a significant roadblock for the industry. Since then, agents have been hard-pressed to find the coverages and limits their school bus contractor clients require. Additionally, changing carrier appetites have fueled a sense of instability in the market. ?

As the experts in specialty insurance, we saw this void as opportunity to step up and deliver. So what makes SBIS stand out?

Robust Coverages and Limits

Working with an A++ rated carrier, SBIS offers a full suite of coverages tailored specifically for school bus contractors, including higher limits that are in-demand for key coverages like Abuse & Molestation Liability and Umbrella limits up to $4M. Our comprehensive coverages include:

·????? General Liability

·????? Auto Liability

·????? Auto Physical Damage

·????? Automobile

·????? Umbrella

·????? Property & Inland Marine

·????? Crime

Decades of Expertise

Our team of SBIS underwriters are true school bus insurance experts. We are already deeply immersed in the market and are leading the way with strategic and creative insurance and risk management strategies.

One of the reasons we were able to spring into action and fill this market need is that our NSM team already has more than 30 years of commercial auto underwriting experience. I personally have served as an in-house insurance, risk management and claims administration leader at large transportation organizations for over 25 years in the United States and internationally, as well as having been involved in the placement of such risks in the major insurance markets around the world. All of this to say that we know this niche and what it takes to successfully protect school bus contractors and help agents win in this arena.

Stability From a Market Leader

As part of NSM Insurance Group, SBIS has the backing of a leading global specialty insurance provider. For 34 years, NSM has been committed to delivering top-notch niche insurance programs for a variety of industries, from towing and garage to specialty transportation, workers’ compensation, behavioral healthcare, social services and many more. We like to say we go three miles wide and ten miles deep in the niches we serve.

NSM is bringing this same level of expertise and commitment to the school bus industry. We are dedicated to serving and growing in this market — providing both agents and insureds the peace of mind that comes with stability and a drive to stay ahead of the curve.

If you’re an agent with school bus contractor clients, come roll with us!

Get more details about our appetite and how to get appointed at nsminc.com/sbis.

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