HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford has enhanced its commercial auto policy with new product features that offer small and midsize businesses the opportunity to receive premium discounts and rewards for safety.
“The Hartford is committed to helping business owners succeed and these enhancements to our auto policy are designed to help fleet owners control costs and manage risk,” said Stephanie Bush, senior vice president of Small Commercial insurance at The Hartford.
The new features, which are available to new customers in most states with fleets of up to 25 vehicles, include:
- Accident forgiveness – The first accident or claim will not impact cost if a customer has been claim-free for the previous three years.
- Fender bender forgiveness – Smaller claims of under $1,000 are not counted in rating the policy.
- Paid-in-full discount – A 10 percent premium discount to customers who pay their commercial auto premium in full at the beginning of the policy period.
- Telematics discount – Vehicles with a telematics tracking device installed are eligible for a 5 percent discount.
- Vehicle safety discounts – Safety discounts for vehicles with anti-lock brakes, anti-theft devices and electronic stability control.
In addition to the product enhancements, agents who work with small businesses can take advantage of The Hartford’s New ICON agency quoting platform. This user-friendly system reduces the time it takes an agent to quote and issue a policy by 50 percent.
“We have seen great success with New ICON in several of our other small business lines,” Bush said. “We are proud to expand this quoting system to include Small Commercial auto, making it faster and easier for agents to work while helping to ensure their small business customers have the right protection for their business vehicles.”
About The Hartford
With more than 200 years of expertise, The Hartford (NYSE: HIG) is a leader in property and casualty insurance, group benefits and mutual funds. The company is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at www.thehartford.com. Join us on Facebook at www.facebook.com/TheHartford. Follow us on Twitter at www.twitter.com/TheHartford.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2013 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
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The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries. Commercial auto insurance is underwritten by Hartford Fire Insurance Company and its property and casualty affiliates, Hartford, CT.
The product features described in this news release may not be available in all states.