USI Insurance Services - Cargo and Transit USI Insurance Services - Cargo and Transit

Cargo and Transit Insurance

Identifying Insurance Solutions for Cargo Carriers and Transportation Industries

At USI, our risk management expertise is based on a thorough understanding of the cargo & transit industries, including core business issues such as operating procedures, employment practices and contractual relationships. We work with companies across cargo and transportation-related industries, providing risk management and insurance for International Cargo, Freight Forwarders, Trucking Companies, Commercial Warehousing, Stevedoring Companies and Terminal Operators.

Our Cargo and Transit Insurance solutions involve robust analytics, targeted expertise, ongoing service and specialized resources to assist in managing your risk including:

  • Comprehensive Supply Chain Protection
  • Workers Compensation Structuring
  • Property
  • General Liability
  • Umbrella/Excess Liability
  • Loss Forecasting
  • Contract Review and Insurance Policy Compliance
  • Deductible Analysis
  • Experience Mod Review and Analysis
  • Independent Contractor Risk Management
  • Risk Control Services
  • Claims Management Services
  • Ocean Cargo
  • Collateral Evaluation and Negotiation
  • Certificate Review & Tracking
  • Large Loss Modeling
  • International Risks & Exposures
  • Management & Professional Services
  • Environmental Risks
  • Cyber Risks

To analyze our client’s business issues and challenges, our Cargo & Transit team leverages USI ONE, a fundamentally different approach to risk management. USI ONE integrates proprietary business analytics with a network of local and national technical experts in a team based consultative planning process to evaluate the client’s risk profile and identify targeted solutions. Clients then receive tailored recommendations for improving their total cost of risk.

Experience the USI ONE Advantage® and learn how USI’s Cargo & Transit team protects company exposures related to goods in transit, warehousing and related industries that support the transportation process. Email PCsolutions@usi.com to learn more or contact your local USI office today.

CASE STUDY:

USI’s Analysis and Market Negotiation Provides Client with Previously Unavailable Cargo Coverage and Over $100,000 in Annual Savings

As part of a prospect review, USI’s Transportation team evaluated the existing premium and coverage for a 150 power unit multi state trucking and warehousing account. The prospect was experiencing an increase in cargo losses costing over $75,000 annually, and was unable to cover these claims with the existing broker. Utilizing USI’s proprietary Omni solutions platform to analyze the prospects business needs, the transportation team reviewed over 20 potential gaps in their current coverage and showed the company how we could address coverage gaps such as temperature control and theft losses with minimum premium impact. After extensive market negotiation, USI was able to secure coverage options under corrective active conditions with five different cargo insurance providers. Furthermore, the final approved proposal provided not only additional coverage, but also lowered premiums by approximately $30,000 with enhanced services. In addition, USI suggested several tools that would help the client recruit and retain quality drivers.

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200 Summit Lake Drive, Suite 350, Valhalla, NY 10595