Admitted automobile liability, physical damage and general liability products for small to mid-size “for-hire” trucking companies that have a transportation focus and a heavy vehicle fleet exposure (26,000+ lbs.).
Flexible underwriting offerings with the ability to offer liability deductibles up to $50K.
Coverage is available for companies that predominantly employ professional commercial driver’s license (CDL) class A or B drivers; fleets consisting of 5-250 power units; required operating experience: two years for 5-10 power units and three years for fleets of 11+ power units.
No radius of operation restrictions and coverage is available for wide range of acceptable business class exposures.
Preference towards companies that own their equipment and that utilize company-employed drivers; owner/operator fleets that have proper controls in place; have strong Department of Transportation (DOT) compliance initiatives and strong Safety and Fitness Electronic Records (SAFER) that reflect the results of such.
Experience and Expertise
AIG’s Truck Insurance Group, comprised of dedicated underwriters, claims professionals and risk mitigation experts with decades of experience, understands the specialized nature of and exclusively serves the motor carrier industry.
Dedicated risk consultants average more than 15 years of trucking industry experience and work with clients to address industry-specific challenges, with a focus on safety procedures, DOT compliance, hiring practices and employee training.
Customized analytic reports benchmark performance against peers and allow our consultants to pinpoint loss drivers, help improve safety and ultimately help reduce the total cost of risk.
Dedicated claims handlers specialized in trucking claims and loss mitigation are available 24/7 to provide crisis management and investigate severe incidents.
Broad network of accident reconstruction experts and investigators can help ensure the best defense possible.
Challenge: Brokers sought quick feedback on whether an account fell within AIG’s appetite for trucking risks.
Challenge: A small trucking client did not have the capabilities to research, design and fund the loss mitigation strategies it needed to.
Challenge: A client was involved in a fuel spill accident in an unfamiliar territory.
Solution: AIG created an online platform for brokers to quickly and easily assess whether their client’s risk, based on their DOT data, would fall within AIG’s appetite.
Solution: AIG’s transportation risk consultants hosted a risk mitigation seminar for many broker partners’ clients, including this small trucking company.
Solution: The client’s coverage included the emergency response and crisis management services of PIER (Pollution Incident and Environmental Response)®.
Benefit: Brokers receive real-time feedback that enables them to efficiently service their clients.
Benefit: The client attended the webinar, learned about new risk mitigation concepts and strategies to put into practice and in turn improved the safety of their operations.
Benefit: Damages were mitigated and handled by trusted remediation and cleanup companies, which helped to reduce costs and put the client at ease knowing that the environmental exposure would be handled appropriately.