Truck Brokers’ Contingent Liability

Designed to protect truck brokers in the event one of their contracted truckers has a coverage issue.

The freight brokerage market is poised to grow by $41.47B between now and 2024.

America's trucking industry is the lifeblood of the U.S. economy. In fact, nearly every good consumed in the U.S. is put on a truck at some point. As a result, the trucking industry hauled 72.5% of all freight transported in the United States in 2019, equating to 11.84 billion tons. The trucking industry was a $791.7 billion industry in that same year, representing 80.4% of the nation’s freight bill.

Truck and freight brokerage operations need coverage for the exposures presented when their clients’ policies fail to respond. Amwins Transportation Underwriters' Truck Brokers’ Contingent Liability product helps to service this segment of the industry.. Our laser focus and specialty underwriting expertise help you, our retail partners, build your business year over year.  


Coverages


  • Contingent auto
  • Contingent cargo
  • E&O
  • General liability


Requirements

  • ATU Contingent Brokerage App
  • Sample Broker Carrier Agreement
  • List of Motor Carriers w/ DOT Numbers
  • Principal’s CV for risks with less than one year in business

Truck brokers' contingent liability
Key details


Availability

This program is available in all states


Limits

  • Truck Brokers
    • Up to $5,000,000 - Contingent Auto, GL, Professional (E&O)
    • Up to $250,000 - Contingent Cargo
  • Truck Leasing
    • $1,000,000 - Contingent Auto
    • $100,000 - Off-Lease Physical Damage


Carriers

Lloyds of London

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