Great American Insurance Group’s Specialty Equipment Division announced a new strategic collaboration with TRNSACT, a sales finance platform for commercial truck and equipment dealers, manufacturers and lenders. Great American Specialty Equipment Division’s physical damage insurance program will now be available on the TRNSACT platform, allowing customers to quickly receive insurance quotes during the equipment sales process. This integration is designed to provide faster and more convenient insurance options, streamlining processes for dealerships and enhancing the experience for
customers and sales representatives.

By combining Great American’s expertise with TRNSACT’s innovative technology, this initiative empowers dealers with efficient solutions that help their customers expedite financing by meeting their insurance requirements and protecting their equipment.

“Now, by embedding Great American’s technology into our software, we can provide insurance quotes in real time, further delivering efficiency to the dealer experience,” said Beckham Thomas, CEO and co-founder of TRNSACT. “Our solution enhances the dealership experience by streamlining the sales process, enabling dealer management to implement best practices that could boost profitability and reduce workloads for dealership staff."

Bryan Inman, Senior Business Development Specialist, Great American Specialty Equipment, added, “Insurance plays a critical role in equipment transactions. Collaborating with TRNSACT ensures dealers can focus on closing deals while providing their customers with quick and easy access to coverage from an AM Best 'A+' (Superior) rated carrier.”

This collaboration represents a significant step forward in transforming the equipment sales and financing landscape. By streamlining insurance and financing processes, Great American Insurance Group and TRNSACT are helping equipment dealers drive efficiency, improve customer satisfaction and increase profitability.