Zurich and Vindati team up to offer stand-alone Motor Truck Cargo coverage

Meets US Department of Transportation MTC coverage requirements for independent truckers

Zurich Insurance today announced it has teamed up with Vindati, an insurtech Managing General Underwriter( MGU) offering specialty products and an integrated shopping experience for brokers and agents, to launch a new stand-alone Motor Truck Cargo (MTC) program now available to “For Hire” common and contract truckers. Written through an exclusive agreement between Zurich and Vindati, the coverage insures against the risks of direct physical loss to covered property while in transit, loading or unloading; and while at a terminal or dock awaiting final distribution. The unbundled MTC coverage meets the U.S. DOT MTC requirements for cargo load pick up.

“Smaller, independent operators often face barriers when attempting to access MTC coverage. This new program offers truckers and trucking brokers a direct path to MTC coverage,” said Greg Massey, head of Programs for Zurich North America. “Zurich’s global financial strength, its claims capacity and its experience underwriting for trucking and transportation industries, combined with Vindati’s command of the cargo market is a roadmap for success.”

“Vindati is committed to simplified access for brokers serving small to mid-sized businesses, and to helping them offer clients a broad range of compelling products that meet business needs,” says Hugh Burgess, Founder and CEO, Vindati. “We’re excited to collaborate with Zurich on this new cargo program, which expands our offerings to include comprehensive, affordable motor truck cargo insurance.”

Category: Driver Stuff, Featured, General Update, News