Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

Full Bio →

Written by

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that exis...

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Aug 18, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Company Details
Address: 800 Gessner Road, #600
City: Houston
State: TX
ZIP Code: 77024 4538
Phone Number: 713-935-7400
Website: http://gmicinc.com/default.asp
Year Founded:
AM Best Rating: A
Company Rating 0 (0 reviews)

Things to Remember...

  • Great Midwest opened its doors in 1985
  • Great Midwest offers commercial insurance and underwrites and operates as reinsurance for other insurance companies
  • This company earned an “A” from A.M. Best and has a stable outlook

A Great Midwest auto insurance review uncovered a Bermuda company that is not a car insurance company for individuals, but for businesses.

This company is based in Houston, TX, does more than just insure commercial businesses. Great Midwest underwrites and operates as reinsurance for other insurance companies.

Get your FREE auto insurance quotes today! Enter your ZIP code in the box above to get started!

Great Midwest FAQ

This company earned an “A” from A.M. Best and has a stable outlook. Great Midwest opened its doors in 1985 and continues to add to its list of policyholders. This company offers coverage to many different types of businesses.

Some of those businesses include:

  • Supermarkets
  • Home health facilities
  • Senior living facilities
  • Religious facilities
  • Transportation companies

This type of business insurance also protects car dealerships, airlines, and marinas. If you have a shipyard this company may be able to provide you with a policy.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Great Midwest Auto Insurance Customized Coverage

Every business has individual needs based on the nature of the company. It may be a small or medium-sized business.

The small business may need more coverage than the medium-sized business because of the value of the product or service offered.

With Great Midwest, you are assigned a team of individuals who specialize in your type of business.

Great Midwest Specialty Auto Insurance

Both the trucking and airline industry have specialty insurance needs covered by Great Midwest insurance. They also cover the marine industry, which uses watercraft, storage, and other import, export resources.

Specialty insurance may also pertain to police motorcycles, in addition to the fleet of sedans and other vehicles they use.

Depending on the nature of the business, there could be a policy with a $5 million dollar bodily injury minimum requirement.

If there is a plane crash, all passengers are covered in the policy. Anything over and above that amount may have to be paid by Great Midwest’s parent company. Thankfully, they are financially stable enough to handle the reinsurance or excess coverage.

Great Midwest Auto Insurance Liability

GMIC commercial policyholders have a lot to contend with when it comes to liability. There are so many possibilities when dealing with ground transportation, construction, aeronautics, marine import and export, and the medical profession.

Although risk management is at the top of the priority list of these industries, accidents happen.

Everyone makes mistakes no matter what the profession, but when others are affected by those mistakes, someone has to be responsible.

The more responsibility you have, the more insurance you need to protect you from financial ruin. Therefore, commercial businesses go through great lengths to protect themselves in the event of an accident.

Sometimes negligence is the culprit when mistakes are made, and these mistakes are paid for through errors and omissions insurance, also offered by GMIC.

Doctors, lawyers, and other practitioners acquire this type of coverage. If there is a mistake, it could end up costing the company.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Great Midwest Auto Insurance and US Legal

GMIC policyholders are offered a legal counsel program for those times when consultation is necessary. Every business needs a resource they can go to when there are gray areas of doubt.

Otherwise, one wrong decision could be costly. This principal also holds true for safety issues.

Safety training is necessary when operating any type of motor vehicle or heavy equipment. Most companies provide some type of training on their system of operations. GMIC offers supplemental resources to safeguard your business in addition.

Great Midwest Auto Insurance Savings

 

The way companies save on insurance is similar to the way individuals save on their auto insurance policies. Multiple policies and advanced payments usually qualify for a discount off the top.

After a few years of maintaining a good safety record, GMIC may be able to help your company save money.

Driver safety is very important to a reduction in insurance premiums or deductibles. More information about GMIC programs is available on the company website.

To get auto insurance quotes today, simply enter your ZIP code below to determine what is available in your area!

References:

  1. http://gmicinc.com/default.asp
  2. http://www3.ambest.com/ratings/entities/SearchResults.aspx?AltSrc=9
  3. https://www.nmma.org/affiliates/marine-industry-association-resources
  4. https://www.nationwide.com/motorcycle-insurance.jsp
  5. https://www.libertymutual.com/auto/car-insurance-coverage/bodily-injury-liability