Cox Specialty Markets - Excess & Surplus Lines General Agency

Complete the salvage yard supplement. Make sure to break down the operations into the categories shown. [ get it here ]
Complete the driver schedule. Make sure to fill in job duties, titles, or family member status (e.g. son, spouse, daughter, etc..) for each driver or employee. Mark each driver whether furnished an auto or not. (this is attached to the garage application)

Include MVR's for each developed driver
If the business is not a new venture, request loss runs for at least 3 years. We may request these, particularly if:
- There have been losses
- the account is of a certain size where it will be required by the company guidelines
- the account may have to be submitted due to unusual characteristics
Obtain 3 year hard copy loss runs directly from the company. The insured is entitled to receive these, and just needs to request them from the prior agent.
Include information about types of work being performed. This can vary greatly, from salvage only, with auto repair, and / or auto sales. These operations may also take in scrap metals which are not salvage autos. Make sure to state this separately on the application. These operations will also rebuild autos. Determine the extent of repairs. Are they buying salvage titled autos and repairing? How extensive are the repairs?
Specifically identify any service vehicles, and always schedule tow trucks, wreckers, and car hauler type vehicles. If physical damage is needed then fill in the current value of the vehicle. Do NOT use cost new. Then consider whether on-hook coverage is needed, and if so, fill in the amount on the appropriate on-hook blank.

Write a narrative about the account. This just needs to be a short description of the account. As an example:
"The applicant has been in business for 20 plus years at this location and is comprised of 75% auto dismantling and 25% auto towing and minor repair. There are no auto sales. Cars are crushed by independent contractor and stacked until applicant has enough volume to make a truckload. Crushed autos are then sold to scrap metal firms who pick up the autos. No losses in past three years."

combination salvage / wrecking yards and garage operations