ORLANDO, Fla., Oct. 29, 2015 — (PRNewswire) — Libertate Insurance and InTouchGPS are pleased to announce the creation of the first property and casualty insurance general agency to leverage GPS Fleet Management technology in the management of its clients' insurance programs.
FleetPilot Insurance is based on the concept that GPS Fleet Management can directly impact losses in the areas of workers' compensation, automobile and motor truck liability through enhancing clarity in the usage of vehicles. Variables such as speed, braking and weather play factors in how to better understand the reduction of on the road accidents that directly impacts every business owner's insurance costs.
"The concept came as a result of both teams understanding the applications GPS can have in monitoring the safety of a business's assets; which in the case of a transportation firm, its most coveted assets are the people it employs, the product it carries and the trucks that carry it. In Libertate's world of business property and casualty insurance, GPS directly helps the business owner with loss prevention in the realms of workers' compensation, automobile liability and motor truck cargo. We are so confident that our platform will dramatically impact the premiums of these three types of insurances that we are giving the InTouchGPS devices to our clients for free," said Libertate CEO Paul Hughes.
According to InTouchGPS owner Drew Sheahan. "Often, Fleet tracking devices can cost a business over $50 per month per unit and require a long-term contract. Instead with us, these units are included as part of FleetPilot's business insurance program. Clients that use FleetPilot as their agent of record for workers' compensation, commercial auto liability and motor truck cargo programs will be given a free InTouchGPS fleet tracking system for risk management purposes."
"The National Association of Insurance Commissioners expect that 80% of new cars will be equipped with GPS Fleet Tracking devices by 2020. This partnership gets us out in front of the pack in terms of helping our clients reduce their insurance premiums by designing commercial 'User Based Insurance Programs'. At present 8.5% of all personal auto liability is purchased on a UBI basis and that number is expected to grow to 30% in the next 4 years," said Paul Hughes. "No one is making a mark using GPS at present in the commercial auto liability world and we are driving to be the first."
InTouchGPS evolved out of a technology company that was formed in 1978 to sell and develop electronic measurement and control devices. The Company's core product was voted the number one fleet management device this year by Business News Daily. In Touch GPS is privately held and based in Lakeland, Florida
About Libertate Insurance
Libertate is a property and casualty insurance agency operating nationally, working with Professional Employer Organizations, Transportation Companies, Health Entities and Cyber-Liability exposed business in all industries. It is the first commercial insurance agency to deploy data vault technology in the acquisition, valuation and ongoing performance management of insurance risk. Libertate is privately held and based Orlando, FL.
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SOURCE Libertate Insurance