June 12th, 2024
JACKSONVILLE, FL — Workforce Insurance Underwriters is thrilled to announce its strategic partnership with PAVO Insurance Solutions, the leader in digital premium finance. This collaboration aims to address the longstanding issue of upfront premium payments faced by Motor Carriers, marking a significant leap forward in Transportation insurance.
Motor Carriers have long been grappling with a significant financial hurdle ─ the requirement to pay insurance premiums in full upfront. This burden has often hampered their operational flexibility, hindering their ability to grow and scale efficiently. Recognizing this challenge, Workforce Insurance Underwriters and PAVO Insurance Solutions have joined forces to offer a groundbreaking premium financing solution specifically tailored for Motor Carriers.
PAVO Insurance Solutions leverages technology to connect the premium finance ecosystem digitally, offering immediate quotes from an array of top-tier finance companies. This partnership will enable Motor Carriers to obtain necessary insurance coverage without the strain of full upfront payments, enhancing their cash flow management and operational agility.
For Insurance Agents, this partnership offers a unique proposition. By integrating PAVO’s premium financing solutions, agents can not only address a critical need but also strengthen their relationships with clients through innovative, flexible, and tailored financial solutions. This is an opportunity to stand out in the market and provide a more comprehensive and attractive package to their Motor Carrier clients.
"Through our partnership with PAVO Insurance Solutions, we directly address a critical pain point in the Motor Carrier industry. Our combined effort will alleviate financial pressures and empower Motor Carriers with the freedom to invest in their growth," said James M. Obregon, President of Workforce Insurance Underwriters.
“We are excited to partner with Workforce Insurance Underwriters to help agents access the best financing solutions for Motor Carriers,” said Katie Wexler, CEO of PAVO Insurance Solutions. “Our unique technology streamlines insurance premium loans and our hassle-free endorsement process is poised to make waves in the Trucking space.”
Insurance Agents servicing the Motor Carrier sector are encouraged to explore the benefits of this partnership and how it can significantly impact their offerings. By providing a solution to the upfront premium payment challenge, agents can play a pivotal role in enabling their Motor Carrier clients to thrive even in the face of financial constraints.
Please contact us directly for more information about how Workforce Insurance Underwriters and PAVO Insurance Solutions are revolutionizing premium financing for Motor Carriers or to learn how to offer this solution to your clients.
Workforce Insurance Underwriters is a leading provider of insurance solutions tailored to Owner Operator Truckers and Motor Carriers' unique needs. The firm offers a comprehensive portfolio of insurance products, including Truckers Occupational Accident, Contingent Liability, Workers Compensation, and more, demonstrating a strong commitment to serving the needs of Motor Carriers. For more information, visit https://www.workforceins.com/.
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PAVO is the insurance industry’s first premium finance marketplace for carriers, platforms, program administrators and agents. PAVO provides multiple financing options at the point of sale, making the process faster, reducing errors, and improving the insurance purchasing experience. PAVO is a best-in-class digital experience for agents to unlock instant quotes and effortlessly manage their books of business. For more information, please visit PavoInsure.com.
Media Contacts:
Cameron A. Obregon
Marketing Manager
Katie Wexler
CEO
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