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Motor Truck Cargo Legal Liability Insurance

ACE's Motor Truck Cargo policy is available for retail producers who specialize in the transportation and logistics industry.

Benefits:

  • Experienced & expert staff to tailor the program to a client's needs
  • Admitted paper available in most states

Coverage:

  • Direct Physical Damage form designed to cover a trucking firm’s exposure related to cargo while over the road or while at a terminal
  • Coverage for in transit while located at a terminal
  • Covered property includes trip lease to other carriers
  • Coverage available for:
    • Brokerage operations when they are part of overall operation
    • Trailer interchange
    • Employee dishonesty
    • Driver Error Refrigeration Breakdown
  • Available in all 50 states
  • Capacity to manage all state and federal filings

Minimums & Limits

  • $10,000 minimum premium
  • Minimum deductible varies based on type and size of risk; generally $5,000
  • Limits vary, depending upon client needs and type of exposure

Target Client

  • Large common and contract carriers (California - 15+ units; other states - 25+ units)
  • Third party logistics providers
  • Trucking companies engaged in hauling property of others for hire
  • Trucking/transportation companies with 25+ power units and a need for motor truck cargo legal liability coverage with a carrier that can respond flexibly
  • Transportation or logistics firm with an active and comprehensive equipment maintenance, property preservation and contract review program

Submission Requirements

  • Motor Truck Cargo  - application to include commodities hauled, radius of operation, limits and coverage requested
  • Current income statement and balance sheet
  • Copies of the bill of lading and/or contracts of carriage
  • Minimum three year loss history
  • DOT# or MC#