QBE Inland Marine Launches New Liability Insurance for Motor Carriers in Logistics and Transportation
QBE North America has announced the launch of The Solution for Motor Truck Cargo – a comprehensive policy offering unique coverage plans for motor carriers combining both Motor Truck Cargo and Logistics Liability insurance in one policy.
“Protecting the cargo that has been entrusted to transportation-related businesses is critical to their bottom line,” said Richard Pye, Senior Vice President, Inland Marine, QBE North America.
The Solution protects shippers from financial losses occurring on the road, which may be due to damaged equipment, contamination, stolen goods, and related exposures, subject to the terms, conditions and exclusion of the policy.
In contrast to other approaches, this policy provides embedded coverage for Mobile Equipment, Refrigeration Breakdown, Trailer Interchange, Contract Penalties, Deceptive Practices, and Contingent Coverage. There are even optional policy enhancements – such as the ability to add another insured entity, Scheduled Shipper Coverage, and Specific Conditions.
QBE North America is part of QBE Insurance Group Limited, one of the largest insurers and reinsurers worldwide. QBE NA reported Gross Written Premiums in 2015 of $4.6 billion.
Category: General Update, Management
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