Insurance for Transportation & Trucking
Lockton has specialized in insurance and risk management solutions transportation, trucking and motor carriers for more than 30 years. A wide array of clients count on Lockton for transportation risk management expertise in all sectorsin the trucking industry including:
- Truck Load
- Bulk Tank
- Public Transportation
While the Lockton Transportation team has significant expertise in insurance and risk management issues facing motor carriers, they also understand the business aspects of the transportation industry. As such, they understand balance sheet and enterprise risk exposures for motor carriers.
In addition to offering extensive transportation expertise and unparalleled service, strong relationships with transportation underwriters allow Lockton to negotiate better pricing and more competitive collateral arrangements with broader coverage terms. The Lockton Transportation Team is dedicated to the client and handle all insurance marketing and negotiations. The team has relationships at the highest levels of transportation insurers.
Motor Carriers benefit from the following in-house capabilities:
- Insurance placement
- Risk management services
- Actuarial analysis and collateral management
- Loss control consulting and analysis
- Captive feasibility and design
- Claims consulting and advocacy
- Post-injury management consulting
- Management of federal/state filings
- Issues auto ID cards and insurance certificates
- Design and management of owner/operator programs
For trucking owner-operators, we offer insurance programs that strengthen your ability to maintain an “arm's length” distance with your drivers. In addition, we use custom-designed computer systems to maintain comprehensive owner operator profiles including equipment and driver coverage tracking.
Our Transportation insurance coverage expert advice and placement includes:
- Primary Truckers' Liability
- Excess and Umbrella Liability
- Workers Compensation
- Warehouseman's Legal Liability
- Directors and Officers
- General Liability
- Motor Truck Cargo
- Non-Trucking Use Liability
- Comprehensive Insurance Programs for public transportation firms
Lockton also provides comprehensive analysis and assistance with alternative risk financing programs such as captives and risk retention groups.
Service starts with listening. We take the time to understand your specific goals, design a program that fits your needs, aggressively negotiate coverage, and implement a service plan. You will have the same dedicated service team throughout the entire process which allows us to anticipate your needs and create accountability.
It’s all about you. As a private, family-owned company, all our Associates focus solely on you, our client, rather than public shareholders.
Long-term thinking. Clients stay with us based on our expertise, creative solutions, seamless global resources and outstanding service. Our client retention rate of 95 percent reiterates our commitment to each and every client.