1st Guard Truck Insurance

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1st Guard Corporation
IndustryVehicle Insurance
Founded1937; Template:Years or months ago (1937)
HeadquartersVenice, Florida
Website1stguard.com

1st Guard Corporation is an American insurance company. The company insures commercial semi-trucks and trailers. Their products include physical damage truck insurance, non-trucking liability insurance, and occupational accident truck insurance.The company was founded in 1937, as a Detroit-based insurance agency, and is headquartered in Venice, Florida. Biglari Holdings Inc. acquired[1] the 1st Guard organization in 2014.

Products

  • Physical Damage Truck insurance
    • Physical damage insurance pays to fix or replace damaged tractors and trailers. Factors that affect premium include the stated value of the vehicle, driver record, claims or moving violations[2].
  • Non-Trucking Liability Truck insurance
    • Non-Trucking liability truck insurance provides a permanently leased owner operator a limited form of liability protection. Specifically it applies when a covered vehicle is operated solely for personal and non-economic purposes. Non-trucking liability truck insurance never applies when an owner operator pulls a loaded trailer, operates on behalf of a trucking company or uses a vehicle for any revenue generating purpose like trip leasing.
  • Occupational Accident Truck Insurance
    • Occupational Accident Truck Insurance provides an owner operator with an source of indemnification for work accident injuries. This coverage offers benefits for Accidental Death and Dismemberment, Accident Medical and Accident Disability Income. This coverage is only available through motor carrier sponsored occupational accident programs.

History

1st Guard Corporation was founded in 1937, as a Detroit based insurance agency. It later created a truck insurance division to supplement its general lines' sales. In 1965, Edmund B Campbell, Jr. purchased the company. He moved a larger share of the agency's resources to develop insurance products for independent truckers. In 1969, the general lines portion of the agency was divested, making 1st Guard Corporation an exclusive provider of truck insurance programs for owner-operators.

In 1991, Mr. Campbell, Jr. sold the company to his son, Mr. Edmund B. Campbell, III. Under Mr. Campbell, III the company embarked upon a growth and automation strategy that led to the formation of First Guard Insurance Company.

Biglari Holdings Inc. acquired the 1st Guard organization in 2014. The advent of a publicly traded parent company presents new opportunities for growth and innovation[3][4][5][6][7][8][9], but the traditions and people that made 1st Guard the leader in owner operator truck insurance remain in place.[10]

References

  1. "Biglari Holdings Acquires First Guard Insurance in Florida" (in en-US). 2014-03-24. https://www.insurancejournal.com/news/southeast/2014/03/24/324190.htm.
  2. "Pay attention to these factors driving physical damage insurance costs". https://www.overdriveonline.com/pay-attention-to-these-factors-driving-physical-damage-insurance-costs/.
  3. "Bitney Bowes First Guard Case Study". http://news.pb.com/pitney-bowes-case-studies/first-guard-case-study.download.
  4. "Pitney Bowes Powers Claims Functionality for 1st Guard iPhone App" (in en). https://www.insurancetech.com/claims/pitney-bowes-powers-claims-functionality/232700499.
  5. Alex.Arnaut (2011-06-27). "DocuSign Electronic Signature Service Helps 1st Guard Close the Final Mile in Trucker's Insurance" (in en-gb). https://www.docusign.co.uk/press-releases/docusign-electronic-signature-service-helps-1st-guard-close-the-final-mile-in.
  6. Staff. "1st Guard Corp. Safeguards Customers by Eliminating Storage of Credit Card Information". https://www.truckinginfo.com/101810/1st-guard-corp-safeguards-customers-by-eliminating-storage-of-credit-card-information.
  7. "Business Fax Solutions for 1st Guard Corporation: Faxcore & etherFAX" (in en-US). https://www.etherfax.net/faxcore-etherfax-solution-extends-1st-guard-corporation-technology-model/.
  8. "Switchvox Success Case Studies". https://docs.digium.com/syndication/documents/smbtoolkit/switchvox-success-ebooktwo.pdf.
  9. "1st Guard Digium Case Study". https://www.metropark.com/documents/digium/case-study-1stguard.pdf.
  10. "Texas Owner of Steak Restaurants Acquires Truck Insurer First Guard" (in en-US). https://www.carriermanagement.com/news/2014/03/20/120179.htm.

External links

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