The Road Ahead is Wide Open with Our Transportation Division

Strategic Insurance Underwriters (SIU), U.S. Risk’s Transportation division, provides competitive insurance products and superior service to meet the needs of American truckers. SIU offers several programs through top-rated insurers available to fit the risk profile of a wide range of for-hire trucking firms. Programs are available in Alabama, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, West Virginia, and Wisconsin.

SIU underwriters understand the challenges and the tough insurance market the transportation industry faces, with tighter underwriting and rising insurance costs due to an increase in losses. Over the last decade or so, SIU has seen more accidents on the road as a result of greater congestion, a rise in distracted driving with cell phone usage, and a shortage of experienced drivers. The industry is also more vulnerable to a broader spectrum of risks, including extensive auto, technology, and supply chain liabilities, in addition to the regulatory and compliance exposures involved in the use of independent contractors.

The SIU team has the expertise, markets, products, and risk management to assist agents in securing coverage for their clients and mitigating risk.

The following coverages are available for the transportation industry (vary depending on state).

Primary Liability Programs

• Local and intermediate haul classifications (300-mile maximum average radius)
• Extended intermediate haul classifications (500-mile maximum average radius)
• Long-haul and unlimited haul classifications
• Up to $2M CSL liability coverage
• Various coverage symbols available
• Small deductible options available
• Statutory UM/UIM (higher limits available)
• Statutory PIP/MedPay (where applicable)
• Trailer interchange
• MCS-90

Physical Damage Programs

• Fleet and non-fleet coverage available
• All radius classifications
• Stated value policy
• $1,000, $2,500, $5,000, and $10,000 deductible options
• Large aggregate deductible options available
• Monthly reporting of values available
• Master policy programs available (where qualified)

Cargo Liability Programs

• Up to $250,000 Limit
• All radius classifications
• $1,000, $2,500, $5,000, and $10,000 deductible options
• Reefer breakdown coverage
• Restriction of commodities endorsement
• Tarpaulin requirement

Non-Trucking Liability Programs

• Third-party liability for permanently leased owner operators
• All radius classifications
• $500,000 CSL, $750,000 CSL, or $1,000,000 CSL
• Statutory UM/UIM (higher limits available)
• Statutory PIP/MedPay (where applicable)
• Master policy programs available

Occupational accident insurance is also available to provide protection for accidental death and dismemberment as well as accidental disability and accident medical expenses to independent contract drivers and the motor carriers to whom they are leased. Coverage is available in most states for motor carriers with 10 or more independent contractors.