AIG’s Truck Insurance Group offers admitted automobile liability, physical damage and general liability products for businesses that have a transportation focus and a heavy (26,000+ lbs.) automobile exposure.
Coverage is available for fleets consisting of 5-250 power units; two years of operating experience required for 5-10 power units and three years required for fleets of 11+ power units.
No radius of operation restrictions and coverage is available for most classes of business (dry van, refrigerated, flatbed, tanker, etc.) within the trucking industry.
Automobile liability deductibles are available up to $50K per occurrence.
Broad industry appetite for the following areas:
"For Hire” trucking companies whose primary operations are focused on the transportation of goods and commodities.
Companies with fleets that predominantly consist of heavy trucks (26,000+ lbs.) and that predominantly employ professional commercial driver’s license (CDL) class A or B drivers.
Preference towards companies that own their equipment and that utilize company-employed drivers; coverage available for owner/operator fleets that have proper controls in place.
Preference towards companies that have strong Department of Transportation (DOT) compliance initiatives and strong Safety and Fitness Electronic Records (SAFER)/Central Analysis Bureau (CAB) reports that reflect the results of such.
Services dedicated to the unique challenges of the trucking industry with a focus on safety procedures, DOT compliance, hiring practices, employee training, and fraud prevention; consultants average more than 15 years of trucking industry experience.
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 unit specializing in trucking claims and loss mitigation; specialists available 24/7 to provide crisis management and investigate severe incidents.
Broad network of accident reconstruction experts and investigators work to ensure the best defense possible.
Focused, experienced, and knowledgeable underwriters have extensive knowledge of the trucking industry and the ability to coordinate a wide variety of products and services that are available across AIG.