US Transportation (E&S)

 

The Beazley underwriting team averages more than 25 years of hands-on experience in the Transportation and Contractors' Equipment arenas. Our wide range of products are designed for small to medium sized trucking and contracting firms. We provide protection for over-the-road equipment, cover the cargo legal liability exposure and furnish security for contractors' equipment. To ensure flexibility of coverage, we are also able to customize our policies to suit your clients' individual needs.

 

Beazley offers a full complement of physical damage coverage and deductible choices. Coverage is based on the lesser of actual cash value (ACV) or the stated amount.

 

Cargo is offered on either a motor carriers or owners form with specified perils or broad form options. Coverage can be tailored to meet specific needs.

Contractor’s equipment is provided on a broad form with several deductible options. Various types of operations can be considered.

 

Strategy

To provide coverage for the smaller operators (in the US except AK, IL & KY) 

 

Target market

  • Small to medium sized trucking operations to 25 power units which have been in business for more than three years 
  • Low hazard contractors' equipment
  • Minimum premium $750  

 

Motor truck cargo extensions

  • Owners goods available 
  • Contingent cargo stand alone 
  • Reporting policies either mileage or gross receipts 
  • Federal and state filings available and handled
  • "On hook" or "In tow" coverage 

 

Capacity

  • Physical damage per unit values $300,000
  • Motor truck cargo per unit values $300,000
  • Contractors' equipment $300,000

 

CAT Coverage

  • Auto physical damage terminal limit $5,000,000
  • Motor truck cargo terminal limit $1,000,000
  • Contractors' equipment limit $2,500,000

 

Deductibles

Minimum $1,000 per unit (basket deductibles available)

 

Distribution

95% wholesale brokers/5% retail brokers with speciality

 

 

The descriptions contained in these pages are for preliminary informational purposes only. Coverages will vary depending on individual state law requirements and may be unavailable in some states. The exact coverage afforded by the products described on this website is subject to and governed by the terms and conditions of each policy issued and can only be effected through appropriately licensed brokers. The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any US risk.

 

This coverage may be available in the US only on a surplus lines basis through licensed surplus lines brokers doing business with Beazley’s Lloyd’s of London syndicates. To find out if any coverage or product is available in your jurisdiction, please contact your insurance broker.

 

Brokers who have a Terms of Business Agreement with Beazley may submit applications to: mtcsubmissions@beazley.com or contact Orv Lewis for further information.