During this threatening financial time in our country, many of you may have had difficulty paying insurance for your dealer plates.
Timothy Derham, CEO of Universal Casualty, would like to advise all NYIADA members that we will extend to all two months of deferred payments – no question asked – on your dealer plates. Payments will be postponed for 60 days. Please contact me, and we can submit applications for your NYS dealer plates this month.
Hoping all members are safe and wishing all well during this crisis.
631 553 4872
Universal Casualty Risk Retention Group Inc., A Division of Inter Insurance Agency Services LTD
380 N Broadway Suite 400
Jericho, N.Y. 11753
Tim Derham President of Inter Insurance Agency, Ltd., Paula Frendel, Executive Director and Fred Donnelly, President of the New York Independent Automobile Dealers Association announce the formation of Universal Casualty Risk Retention Group, the first captive association doing business as a risk retention group licensed in the state of Oklahoma. The new entity with a principal address in Jericho, New York, will provide loss control services and write garage keepers liability, general liability, auto liability and mechanics errors and omissions insurance for franchised and non-franchised auto dealers and all businesses engaged in the automotive services industry in New York. To receive the benefits of the association an eligible business must become a member or associate member of the NYIADA. Universal Casualty has both experienced insurance underwriters and auto dealers serving on its Board of Directors and managing the association. The captive association manager is Andrew Barile one of the nation’s leading experts on captive insurance.
NYIADA members are offered:
-Superior rates and coverage. We set the rates and tailor the coverage.
-Pre-Inspection. Every risk will be pre-inspected with a focus on:
-reducing slip and falls
-securing the vehicle
-additional loss control & safety
-Employee safety manuals
-Reviews for OSHA compliance
-Fleet safety manual
-Control over the claims process- we hire the third party administrator
-Commercial General Liability
-Commercial Auto Liability
-Non-owned Auto Liability
-Contingent Auto Liability
-Mechanics Errors and Omissions
-Dealers’ Errors and Omissions Liability
-Garage keepers’ Legal Liability