What Types of Transportation Insurance is Available?
Our preferred exposures are generally low risk, such as dry van, cargo, intermodal and refrigerated trucks. We avoid riskier exposures such as cattle and livestock, garbage haulers, and sand and gravel trucks. Focusing on low-risk exposures helps keep our premiums competitive while also maintaining profitability for our company and our agents.
The product we offer can also be tailored to fit the demands of individual fleets. We provide $1 million Combined Single Limit auto liability for fleets with the ability to write up to $2 million. Additionally, while our maximum coverage for motor truck cargo is $500,000, we can customize this figure for loads that are valued lower. Our full line of coverage for both large and small fleets includes:
- Auto Liability
- Auto Physical Damage
- General Liability
- Motor Truck Cargo
- Trailer Interchange
Preferred Exposures for Transportation Insurance
We focus on providing insurance to low and medium-risk businesses. Low-risk exposure provides more financial stability, which lets us offer competitive commission rates for our appointed agents and lower fees for our policyholders. Our preferred exposures for transportation coverage are:
- Dry van
- Less than truckload (LTL)
- Liquid and dry tanker operations
- Local cartage
- Truckload carriers
Ineligible Exposures for Transportation Insurance
The types of exposures are ineligible for AmTrust Transportation Insurance:
- Cattle and livestock
- Garbage haulers
- House/mobile homes
- Sand and gravel/in-transit ready mix
- Wrecker/junk auto haulers
What is Commercial Inland Marine Coverage?
Inland Marine Insurance is another type of coverage used in the transportation industry. The name might be confusing and contradictory, but it is important coverage for transportation companies. Commercial Inland Marine Insurance
covers any property that is movable, transportable, or involved in transferring information. Here are just a few of the things that Inland Marine insurance might cover:
- Contractor’s equipment
- Valuable artwork, like paintings, photographs, and sculptures
- Transportation equipment such as food trucks or cargo vans
- Mobile tools and equipment for construction, landscaping, etc.
- Property in transit like construction tools and supplies
- Computer equipment, including servers and laptops
- Communication equipment and networking tools
- Scientific and medical equipment