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.