Insurance That Works The Way You Do
From embedded experiences to traditional programs, our insurance can be built around your business.
The right insurance can make a real impact on your operations - and your customers'.
Less risk for you. Less downtime for them.
Why You'll Love It
- Faster closings from less insurance friction
- New revenue opportunities
- Increased customer satisfaction and retention
Why They'll Love It
- Broader coverage than other commercial policies
- Fixed pricing with easy repair or replacememt
- Claims professionals who know equipment
Protecting Equipment Across The U.S. and Canada
Physical Damage Insurance
Covers most types of physical loss or damage, including risks that are often excluded from standard policies (like flood, wind or transit).
Stipulated Loss Gap Coverage
Insures the difference between the actual cash value of commercial equipment and the unpaid balance on the lease in the event of a total loss.
Equipment Residual Value Insurance
Allows lessors to account for operating leases like finance leases - accelerating earnings and protecting against unforeseen declines in market value down the road.
Insurance Tracking
Monitors coverage status and detects uninsured assets that create risk for your business. Included in embedded insurance programs or available as a stand-alone service.
Rental Loss Damage Waiver
Provides coverage for equipment while out on rental.
Machine Tool Operator Error
Covers physical damage to a machine tool caused by an operator's programming.
Contingent & Excess Liability
Protects against legal exposure in a lawsuit involving a lessor's equipment.
Repossession
Protects a lessor during the repossession process of equipment or commercial titled vehicles.
Not sure what's right for your business?
Every business is different, so we tailor insurance solutions to fit your needs. Let's connect for a quick 30-minute conversation and identify the best path forward.
What clients are saying
"Our insurance program has been a game-changer for our business operations. The program helps accelerate our customers’ transactions. This enhancement in speed and service has not only improved customer satisfaction but has also reinforced our clients' trust in us."
– Lyndon Thompson, President of Byline Financial Group
"Great American specializes in insuring equipment finance risks. They tailor programs to meet clients’ needs and recommend solutions to enhance the customer experience through deep, customer-focused interactions."
– Shaun Buswell, Vice President with Alliance Funding Group
"The digital solutions we implemented with Great American will enhance customer experience, operations and communications. We look forward to future opportunities to support our customers together."
– Daryn Lecy, CLFP, Senior Vice President and COO with Oakmont Capital Services
Specialty Equipment News
Embracing Virtual Learning in the Insurance Industry
The COVID-19 pandemic ushered in the widespread acceptance of a virtually operating society. Before the pandemic there seemed to be some resistance to embrace a virtual way of life and then, almost overnight, a virtual reality was thrust upon us. Those who were prepared to operate virtually saw minimal interruptions to operations, while some who did not have the infrastructure in place struggled.
Today, virtual learning is imperative to insurance agents and carriers who deliver loss control training to policyholders. Utilizing technology to ensure the health and safety of a group is a risk control measure itself!
Traditionally, training that was not conducted in person was considered “cheap” and not as well-received as in-person instruction. However, it became increasingly difficult to ignore the digital direction the world was headed in, and Great American Specialty Human Services made an investment in developing digital risk management resources. Our efforts allowed us to be prepared when 2020 made it necessary to utilize virtual options.
Virtual Learning Resources That Help You
We are pleased to have the tools to provide information and resources for our customers easily. They can instantly attend webinars and open forums, take online courses, and “visit us” in virtual conferences. Though we can’t be in-person to learn from each other, these digital tools enable us to continue to execute with excellence and facilitate the transfer of knowledge from one individual to another.
- GreatAcademy℠ – A robust learning management system with curated selection of risk management courses
- Live Webinars – Monthly hour-long webinars featuring guest speakers and subject matter experts
- Training Network Now – A virtual learning library with hundreds of video trainings and quizzes
- Micro-learning video shorts – A series of 3-minute videos that provide helpful best practice tips on subjects important to nonprofit organizations
It is important to keep in mind that people learn in different ways. As a result, there is no one single solution to learning. The very best way that insurance professionals can deliver critical training is to draw upon multiple resources as learning tools and offer variations of the lessons to allow for different styles of information absorption.
There will always be a need for practical skills training, especially in manual, labor-intensive settings, but we should not be afraid to keep considering alternatives. Innovation is the key to staying relevant, and we should always remain relevant to our policyholders. Already we are learning about innovations in the forms of Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI) that could deliver a virtual solution to the need for onsite/practical training. As an industry, insurance professionals should be looking for ways to embrace this technology to remain relevant to our policyholders and reduce losses. We should position ourselves in such a manner that we are able to forge a path into this exciting opportunity versus trying to catch-up to it.
The advent of these virtual learning resources offers opportunities to bring value to the business relationships we forge with our valued policyholders. The acceptance of virtual learning in the insurance industry opened the door to a world of digital possibilities. I look forward to exploring, innovating and continuing to push the limits of what’s possible to best serve our agents and insureds.
To learn more about how the Specialty Human Services Division can help your human or social service organization visit us here.

Jared Bishop, Divisional AVP of Risk Management
Great American Insurance Group Specialty Human Services
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- Property & Casualty
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