Junk hauling businesses face unique risks and challenges, making comprehensive insurance coverage crucial. By switching to Vantage Point Risk’s JunkGuard Insurance Program, junk hauling businesses have experienced significant financial benefits and improved coverage. This case study highlights these benefits and demonstrates how Vantage Point Risk can help protect and save costs for your business.
Client Background
Our clients operate fleets ranging from 1 to over 15 vehicles and employ teams to handle various junk removal projects. They require comprehensive insurance to cover commercial auto, general liability, workers’ compensation, and more.
Previous Insurance Coverage
Commercial Auto Policy:
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Carrier: Various carriers, including Progressive, BHHC, and others
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Premium: $16,410 annually for two vehicles (average $8,205 per vehicle)
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Coverage Details:
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Liability: $1,000,000
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Uninsured Motorist: $1,000,000
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Physical Damage: Comprehensive and Collision
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Broker Fee: $300
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General Liability Policy:
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Carrier: Various carriers
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Coverage Period: Effective for one year
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Coverage Details:
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General Aggregate: $2,000,000
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Each Occurrence: $1,000,000
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Products/Completed Operations Aggregate: $2,000,000
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Personal & Advertising Injury: $1,000,000
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Damage to Rented Premises: $100,000
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Medical Expenses: $5,000 per person
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New Insurance Coverage with Vantage Point Risk
Commercial Auto Policy:
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Carrier: JunkGuard Insurance Program
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Premium: $12,500 annually for two vehicles (average $6,250 per vehicle)
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Coverage Details:
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Liability: $1,000,000
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Uninsured Motorist: $1,000,000
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Physical Damage: Comprehensive with $1,000 deductible, Collision with $1,000 deductible
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Medical Payments: $5,000 each person
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General Liability Policy:
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Carrier: JunkGuard Insurance Program
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Coverage Period: Effective for one year
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Coverage Details:
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General Aggregate: $2,000,000
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Each Occurrence: $1,000,000
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Products/Completed Operations Aggregate: $2,000,000
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Personal & Advertising Injury: $1,000,000
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Damage to Rented Premises: $100,000
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Medical Expenses: $5,000 per person
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Premium: $3,159.82 (average across clients)
Results and Benefits
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Cost Savings:
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Businesses can save approximately 23.83% on their commercial auto insurance premiums.
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Significant annual savings range from $1,955 for a single vehicle to $29,325 for a fleet of 15 vehicles.
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Enhanced Coverage:
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The new policies maintained or improved the coverage limits while reducing costs.
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Bundling commercial auto and general liability insurance through Vantage Point Risk provided additional savings and streamlined policy management.
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Specialized Support:
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Clients now benefit from Vantage Point Risk’s specialized support, ensuring they receive tailored advice and prompt assistance with any claims or policy questions.
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Additional Benefits:
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Access to exclusive programs and carriers not available through other agencies in Oregon.
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Improved risk management and safety protocols implemented with the guidance of Vantage Point Risk, leading to potential future premium reductions.
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Carrier Comparisons
We also represent top-tier carriers such as Progressive, BHHC, and others. While these carriers provide excellent coverage, our JunkGuard Insurance Program often offers a competitive advantage for junk hauling businesses in terms of cost and tailored coverage.
Client Testimonials
“Switching to Vantage Point Risk was a game-changer for our business. We saved thousands on our insurance premiums without sacrificing coverage.”
“The team at Vantage Point Risk truly understands the needs of junk hauling businesses. Their expertise and support have been invaluable.”
Conclusion
By partnering with Vantage Point Risk, junk hauling businesses have achieved significant cost savings on their commercial auto and general liability insurance while maintaining comprehensive coverage. The specialized support and tailored insurance solutions provided by Vantage Point Risk ensure that these businesses are well-protected against various risks, allowing them to focus on growing their operations with peace of mind.
Call to Action: Are you ready to see how much your junk hauling business can save on insurance? Schedule your consultation with Vantage Point Risk today to get started!
