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1st Auto Benefits and Services: Business Product Review

Fall 2021 Issue

By Cathy McAnaugh, Senior Vice President of Operations

As we celebrate our 30th anniversary, we look back on all the changes at 1st Auto. Since 1991, 1st Auto has strived to support our mutual partners, their agents and mutual policyholders. 1st Auto has offered Personal Auto and Personal and Farm Umbrella since our inception. Farm and Personal liability were added for our Iowa and Illinois mutuals. The Business Auto was added to address the needs of farmers as well as small business. Within the last year we have added Commercial Umbrella and the Business Owners Policy to round out the needs of the small business owner.

The types of business that will generally qualify for 1st Auto’s Business Auto program include:

  • Farming operations
  • Carpenters
  • Insurance agents
  • Rental properties
  • Delivery
  • Landscapers
  • Snowplowing
  • Painters

The Business Auto program offers the following coverages:

  • Up to $1 million liability limits
  • Driver other car
  • Hired auto
  • Non-owned auto
  • Cargo

To accommodate farmers, we allow up to 4 semi-tractors, 500-mile radius of operation and limited haul for hire.

The Business Owners Policy just recently introduced with the target market being:

  • Warehouses
  • Habitational
  • Retail
  • Wholesale
  • Offices

Liability limits are available up to $1 million.

The Commercial Umbrella is intended to be written over the Business Auto and BOP policies risks. Currently underlying requirements include having the Business Auto policy with 1st Auto.

Limits are available up to $5 million.

Some of the discounts available for these commercial programs include:

  • Paid in Full Discount – BA, BOP and CU
  • Individual Risk Premium Modifications – BA and BOP
  • Mutual Discount – BA
  • Agent Control Discount – BA
  • Other policies with 1st Auto – BA