RPS launches new merchandise for transportation dangers

E&S wholesale dealer and managing common company Threat Placement Companies (RPS) has introduced the launch of three new transportation merchandise for dangers with one to 10 energy models.

• Common Legal responsibility for Truckers
• Motor Truck Cargo for Truckers
• Auto Bodily Harm for truckers

The suite of merchandise, which RPS mentioned was the primary of its form, is out there on-line, making it attainable for impartial brokers to supply a mixture of coverages shortly. The merchandise can be found to cite, bind and concern in solely two minutes by means of RPS’s Small Enterprise Platform. The corporate mentioned it plans to proceed including product enhancements to the suite.

“In a business insurance coverage market that’s suffering from lengthy functions and disparate portals, our new digital providing stands out as a easy and complete resolution brokers can depend on for his or her insureds,” mentioned Mark Gallagher, nationwide transportation apply chief for RPS.

Common Legal responsibility for Truckers covers accidents or property harm not attributable to the truck operator, which RPS mentioned is often not lined by different insurance coverage. It additionally gives protection in opposition to the price of lawsuits.

Motor Truck Cargo for Truckers fills gaps in different cargo protection, together with paid curiosity, protection extensions or funds along with coverage limits.

Auto Bodily Harm for Truckers is obtainable on a acknowledged quantity foundation with deductibles of as much as $5,000. It has a most single-vehicle worth of $300,000, RPS mentioned.

The product suite gives protection from an AM Finest A-rated service and is out there in all states besides Alaska, Hawaii and Massachusetts, RPS mentioned.

“At RPS, we attempt to supply inventive options to persistent trade challenges that assist set our retailer companions aside from their competitors,” Gallagher mentioned. “This suite of digital transportation merchandise actually places us a couple of miles forward.”

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