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ENGS Expands Offerings, Launches ENGS Insurance Agency

August 08, 2016, 07:10 AM
Filed Under: Industry News

As one of the oldest and largest finance companies in the United States, ENGS Commercial Finance Co. has the unique opportunity to observe some of the challenges clients face in obtaining insurance for their equipment.  In funding equipment loans for over 64 years, ENGS has learned that obtaining insurance often takes too long, is cumbersome and expensive.  ENGS is expanding its product line and offering insurance through ENGS Insurance Agency, LLC, a wholly owned subsidiary of ENGS Commercial Finance Co.

Beginning September 1, 2016, ENGS Insurance Agency will offer point-of-sale and in-contract insurance products to our equipment lease/loan clients. 

ENGS is seeking to offer its dealer and customer clients a better, less expensive and quicker solution for insurance products for their equipment.  ENGS Insurance Agency, LLC leverages the established, successful track record and pricing power of ENGS Commercial Finance Co. to offer Non-Trucking Liability, Occupational Accident, and Physical Damage insurance to our customers.  ENGS is working with “A+” rated insurance companies to offer among the most competitive, credible insurance products in the transportation industry.

“We are very excited about this natural and necessary extension of our product offering for the benefit of our customers.” states Jim Freund, Executive Vice President & Chief Marketing Officer. 

Freund explains that the process is simple.  When ENGS receives a customer application for the financing of a truck or trailer, an insurance quote will be included with the finance quote, for those units and delivered to the dealer and the customer.  The customer will have the option of moving forward to a final insurance approval, or just accepting the equipment finance approval without the insurance offering. The company is very excited about this product and the benefits it provides to its current and future ENGS Commercial Finance customers.

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