INSURANCE SERVICES

Auto Liability protects the policyholder. It pays for bodily injury  and property damage to the driver/passengers of the other vehicle. Auto liability policies can be rated to best suit the needs of your company. Trans Risk Insurance can write your auto liability based on gross revenue or scheduled vehicles.

Physical Damage covers YOUR truck and trailer. It is referred to as comprehensive and collision coverage or sometimes specified perils. Most insurance companies ask for a “stated value” of what your truck and  trailer are worth. Trans Risk Insurance can discuss how best to cover your equipment. We can write this coverage as part of a package policy or stand alone. 

Cargo Insurance covers the property being transported by the trucker. Coverage and limits vary based on the type of commodity being hauled and the value necessary to cover the load. We can discuss your needs in order to offer you the best company for the most competitive price.

General Liability is coverage for an insured not related to driving  the truck, but when negligent acts or omissions result in bodily injury or property damage on the premise of a business or yard. Truckers general liability would cover the premise and follow the trucker wherever he travels. Trans Risk Insurance writes general liability for owner-operators and small to large business owners.

Workers Compensation is required of employers. It provides compensation for employees who are injured at work and grants benefits to dependents of workers who are killed in the course of their employment. Trans Risk Insurance has many markets to choose from including Occupational Accident Insurance for 1099 employees. We can discuss what type of policy would be best for your business.

Excess Liability is a secondary policy that covers excess amounts over the amount paid by your primary insurance carrier. Excess liability pays when your primary carrier has exhausted your underlying limit. 

Coverage can be purchased for liability imposed by law for damages caused by wrongful employment practices and covers acts of discrimination by the insured or any  persons for whose acts the insured is legally liable. Employment liability policies can eliminate some of the coverage gaps that exist in general liability, umbrella, and directors and officers liability policies by providing coverage without the standard exclusions for intentional acts, employment-related matters and claims against the entity. Remedies under the laws are reinstatement, back pay, lost  benefits, and attorney fees.

Occupational accident insurance (also known as work injury insurance or "OCC-ACC") is an insurance product designed to provide insurance coverage for medical expenses and loss of wages and to provide benefits resulting from loss of use of a body part or some other type of permanent impairment or permanent disability caused by a work injury. The benefits and expenses paid are similar to the categories of benefits covered under many states' workers compensation laws, yet the amounts are fixed by contract and typically have no relevance to the state where the injury occurred, where the injured party lives, or where the company is located.

In prior decades, the definition of a "professional" expanded to include a number of other occupations in which special knowledge, skills, and close client relationships are paramount. The insurance industry has responded to this issue by expanding its professional liability capacity to embrace many of the newer classes of professionals, including Movers and Warehouse-men. The "insured" in many of the policies includes the covered organization itself and its past or present partners, directors, officers, and employees while acting within the scope of their duties. The policies include coverage for defense costs, even if a suit proves to have no merit. The policy  premium is typically based on the following factors: the professional  involved, the number of professionals covered, annual revenues, location  of the business, the limit of liability, and the deductible.