Owning or driving a taxicab in New York comes with its risks and hazards, especially without comprehensive insurance to cover you in case of an accident. Hence, the need for American transit insurance.
American Transit Insurance Company (ATIC) offers full coverages for taxicabs (yellow and green), black cars, company caravans, and other commercial livery vehicles.
Therefore, Being New York’s dominating commercial car liability insurance provider with experts in the public and trade auto sector, American Transit Insurance is the ideal.
Hence, this guide reviews the service and products offered at the American Transit insurance company. Also, this copy itemizes the steps to take when you’re involved in an accident.
What is an American Transit Insurance Company?
The American transit insurance company is one of New York’s most respected insurance firms. The insurance agency has its operational center situated in Brooklyn. Also, the company’s headquarters are in Manhattan, while the satellite office is in Freeport, Long Island.
American Transit Insurance Company offers insurance policy for the livery and commercial vehicle industry through an extensive insurance brokers network.
Furthermore, The insurance agency is Family-owned and operated. Similarly, American Transit insurance company works on a traditional broker-based business model. Its core values include:
- strong broker relationships
- excellent customer service
- unparalleled claims handling
- outstanding legal representation
American Transit Insurance Company Location
- Headquarters Office
One MetroTech Center, 7th floor Brooklyn, New York 11201
Processing Center: 5 Broadway Freeport, New York 11520
- Phone
(212) 857-8200
(800) 683-ATIC(2842)
- Fax
(212) 857-8254
- Hours of Operation
Monday – Friday
9:00 AM – 5:00 PM
American Transit Insurance Company Services
The American Transit insurance company is well known in the Insurance market for its policies and services. Thus, It has acquired a solid and nurtured broker network that extends over New York’s state and offers excellent quality and service. Services provided include;
- Vehicle insurance
- Commercial insurance
- General liability insurance
- Health insurance
- Bodily Injury
- Car Service
- Dealership Insurance
- Physical Damage Insurance
- Private Passenger Vehicles
- Property And Casualty Insurance
- Property Damage
- Travel Insurance
- Transit Insurance
Vehicle Insurance
A comprehensive vehicle Insurance offers help physically, financially, and even legally in case of an accident.
American Transit insurance company provides coverage against the financial costs that may be incurred in case of an accident.
The insurance company foots your medical bills if you’re the victim and also pays for the repair of your vehicle.
Furthermore, it takes care of your liabilities in case you injure someone else or you damage other people’s properties.
Commercial Insurance
Commercial Insurance offers insurance coverage for businesses. It is also a large type of insurance policy that offers responsibility insurance for business risks.
American transit business insurance offers in-depth coverage for companies and their colleagues under one policy. As a result, Different types of business insurance cover properties, liability, and workers’ compensation.
Hence, Property insurance covers havoc on the company’s goods and assets on the premises. While Liability insurance reimburses third parties in the event of damage. Similarly, Workers’ compensation provides coverage on employees’ injuries.
This insurance is the first policy a company or business acquires and it generally provides coverage for many liabilities and threats that can happen to businesses.
The risks covered include personal injury or property damage on the company’s premises or because of business activities, medical expenses, Advertising trauma, etc.
Health Insurance
The cost of medical treatments without adequate health insurance can be very huge. You may also have to pay the bills yourself.
Therefore, the American Transit insurance companys’ Health policy helps you cover your medical expenses or that of your liabilities in case you get into an accident or a collision.
Furthermore, some serious ailments or incidents may compel operations, surgeries, and long medical treatments.
Bodily Injury
The bodily liability covers medical expenses, loss of earnings, injury, trauma, anxiety, and other compensations related to other individuals’ harms. This can also include legal costs.
Car Service
These services include Roadside services and vehicle breakdown assistance. Therefore, It is a service that helps drivers who are stuck with a vehicle that has suffered a mechanical breakdown or got into an accident.
Physical Damage Insurance
Property Liability Covers all costs arising from havoc you cause to other drivers’ vehicles or property.
Travel Insurance
Travel insurance is an insurance policy to cover unexpected losses incurred during international travel or in the country.
The fundamental policy generally only offers coverage for disaster medical costs on foreign lands, while the comprehensive covers flight cancellation, lost baggage, flight delays, and other fees.
Transit Insurance
Under the transit insurance is coverage for those taxi cabs and community automobiles used and licensed in New York City.
Taxi
For most of the twentieth century, the yellow taxi, with an easily identifiable bright painting, was a symbol of New York. Ever since then, there have been many changes, updates, and developments.
Now there are hybrid vehicles on the road, and recently the addition of green-colored taxis has further modified the sector.
The technology has significantly enhanced the taxi adventure for the driver and passenger, with practical features, such as credit card readers, GPS, and communication devices standard functions in all taxis.
Moreover, Yellow taxis offer efficient means of transport for passengers in Manhattan. Supervised by New York Taxi and the Limousine Commission, drivers are authorized in the medallion system.
Medallion Taxis goes as far back as to the Great Crisis of the 1930s when Mayor La Guardia signed Haas law, which inaugurated the medallion system still employed today.
Although the industry has witnessed great transformations within years, the American transit insurance company (ATIC) remained a major in the New York Taxis Insurance providers.
Hence, Insurance protection is available in all their brokers, throughout the five districts, and is available for the owner/driver, individual owner / designated drivers, and taxi fleets.
CAP Commercial Auto
The CAP commercial auto program provides insurance coverage for skilled businessmen’s vehicles. These are businessmen who make earnings from carrying out development, delivery, installation, or maintenance services in houses and business places. This also includes new construction locations, under the category.
Moreover, These CAP policies are effective in the whole of New York state and it offers coverages for individually owned businesses or corporations.
Although, The types of vehicles covered under the CAP program are luminous trucks (GVW 10,000 pounds or less) and an average truck (GVW of 10001 to 20,000 pounds). Business use categories are:
Service Use
Transport of Insured Personnel, accident tools, equipment, and materials to/from the working site. This category is limited to cars parked mainly in workplaces for most working days or used to convey surveillance staff between workstations.
Commercial Use
These are Vehicles used to transport property and insured staff, tools, equipment, and accidental deliveries to different places.
Retail Use
Cars were used to receive assets from individual households and to deliver assets to individual households.
Typical business types insured by the CAP program include:
- Appliance Delivery
- Auto Parts
- Cleaning Services
- Carpet Cleaning And Installation
- Carpenters
- Caterers
- Electricians
- Fencing Installations
- Flooring, Etc.
The company also covers garage customers involved in the storage and transport of vehicles.
CAP Livery
The commercial Automotive Policy (CAP) livery provides livery insurance for drivers in and out of New York. This coverage offers subsidized premiums for decent driving records and positive loss records.
New York City (NYC), CAP Livery
In New York City, the CAP Livery program provides compensation to companies that own one or more automobiles (per policy). However, it is restricted to non-medallion cars only (medallion vehicle coverage is under the Yellow Medallion Taxi policy).
Cars covered by this business line must be connected to a radio station in New York and approved by the New York City Taxi and Limousine Commission.
These vehicles are not meant for street pickups. They are bidden via wireless radio communication.
Green Taxis
The green taxis were Enlisted in 2013, it aims to satisfy customers on streets outside the busy neighborhoods of Manhattan.
Green taxis are operated in two business segments of American Transit. Auto service if the insured is the owner/operator of the vehicle and CAP livery if the insured is a company.
Beyond NYC, CAP Livery
The CAP livery program is also available in the whole state beyond just New York City.
Car Service
The American transit insurance car service offers coverage for non-medallion livery licensed Automobiles by individual owners/drivers.
These Owners must own and manage their vehicles within New York city borders. The car service business sector offers insurance coverage to radio-based community cars and green taxis.
Community Cars
Community automobiles are private person vehicles that offer predetermined transport in the five New York districts.
Each Community car must be connected to the radio source authorized by the New York Taxi and Limousine Commission.
Thus, the community cars can calculate their fares through the use of these radio bases.
Green Taxi
The green taxis were Introduced in 2013, it aims to satisfy customers on streets outside the busy neighborhoods of Manhattan.
Green taxis are operated in two business segments of American Transit. Auto service if the insured is the owner/operator of the vehicle and CAP livery if the insured is a company.
Steps To Take When Involved In An Accident
Detailed here are the stores to be taken in the event of an accident.
- Safety First
- Call Police
- Exchange Information
- Take Photos
- Identify Passengers
- Identify Witnesses
- Make a Report
- Obtain the Police Report
- File an MV-104 Form
#1. Safety First
If a minor accident happens and there is no dangerous threat to life, try moving vehicles to the roadsides out of the expressway.
#2. Call Police
Contact the law enforcement agency and emergency services if necessary. When law enforcement officers arrive, give your full cooperation and ask which police station will handle your emergency.
#3. Exchange Information
Give your contact details, driver’s license, and ATIC insurance information to people involved and get theirs too.
#4. Take Photos
Take pictures of the accident scene and label pictures of all damaged automobiles if possible.
#5. Identify Passengers
Ensure you obtain the names and contact details of the vehicle passengers and all persons entailed in the tragedy.
#6. Identify Witnesses
Ask and record the name and contact details of all witnesses.
#7. Make a Report
Announce the incident to the American transit insurance company and your broker immediately.
Contact the American transit insurance company through 800-683-attic.
#8. Obtain the Police Report
Reach out to the police station on your case to get a copy of the police report. Inspect the report for consistency and then send a copy to the American Transit Insurance Company and your insurance broker.
#9. File an MV-104 Form
In New York, you are required to acquire the MV-104 form with the department of motor vehicles within 10 days of the accident if it resulted in mortality, body injury, or damage of over 1000 USD.
Summary
The American transit insurance company Is New York dominating commercial car liability insurance provider with experts in the public and trade auto sector. It offers full coverages for taxicabs (yellow and green), black cars, company caravans, and other commercial livery vehicles.
The insurance agency is Family-owned and operated. Also, the American Transit insurance company works on a traditional broker-based business model. Hence, The American Transit insurance company is well known in the Insurance market for its policies and services.
FAQs On American Transit Insurance
What are the American Transit Insurance company services?
- Vehicle insurance
- Commercial insurance
- General liability insurance
- Health insurance
- Bodily Injury
- Business Insurance
- Car Service
- Dealership Insurance; etc.
What are the Steps To Take When Involved In An Accident?
- Safety First
- Call Police
- Exchange Information
- Take Photos
- Identify Passengers
- Identify Witnesses
- Make a Report
- Obtain the Police Report
- File an MV-104 Form
Where is the American Transit Insurance Company Located?
One MetroTech Center, 7th floor Brooklyn, New York.
What are the types of business insured by the CAP program?
- Appliance Delivery
- Auto Parts
- Cleaning Services
- Carpet Cleaning And Installation
- Carpenters
- Caterers
- Electricians
References
- American-transit.com – Home
- Bloomberg.com – ATIC
- Myportal.dfs.ny.gov – American transit insurance company
- Mapquest.com – American transit insurance company
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