USI Insurance Services - Transportation USI Insurance Services - Transportation

Transportation Insurance Services

Delivering Protection for the Road Ahead

Keeping vehicles on the road and freight moving at a profit is no simple task. Whether on the road or rail, we understand how driver shortages and changing regulations continue to reshape the industry and impact your business. USI’s Transportation Practice delivers custom risk management programs across a wide range of logistics providers including Trucking, Warehouse, Distribution, Brokers and Freight Forwarders. The professionals in our transportation team have been helping truckers and transportation companies find cost effective transportation insurance solutions since 1968.

USI’s in-depth transportation expertise aligns with broad exposure components, and we advise clients on Transportation business risks related to Automobile Liability, Cargo, Workers' Compensation, Property Coverage, General Liability, Umbrella/Excess Liability, Independent Contractor’s Equipment, Management & Professional Services, Environmental and Cyber Risks.

USI's Transportation Practice also offers specialty services including:

  • Loss Forecasting
  • Contract Review and Insurance Policy Compliance
  • Deductible Analysis
  • Experience Mod Review and Analysis
  • Independent Contractor Risk Management
  • Risk Control Services
  • CSA/ FMCSA/USDOT support
  • Claims Management Services
  • Collateral Evaluation and Negotiation
  • Certificate Review & Tracking
  • Large Loss Modeling

To analyze our client’s business issues and challenges, our Transportation 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 our Transportation Practice will keep you moving down the highway by protecting your fleet and other valuable assets. Email PCsolutions@usi.com to learn more or click here to contact your local USI office today.

CASE STUDY:

USI’s Loss Control Team Helps Client Comply with USDOT Regulations, Retain over $1 Million in Revenue and Reduce Potential Premium Increases by More Than $80,000

A USI Transportation client was having problems with their Hours of Service and Driver Logs causing inquiries from the USDOT and making some of their large shipper clients nervous. USI’s Loss Control Specialists extensively reviewed the account and helped create a Corrective Action report to address USDOT concerns. USI provided sample documents and peer comparisons to substantiate key action items. The Corrective Action report was accepted by the USDOT, preventing regulatory action against the client enabling them to retain over $1 Million in potential lost revenue from shippers threating to leave. USI further leveraged the report with insurance carriers helping the client avoid premium increases of over $80,000 annually.

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CASE STUDY:

USI’s Analytics & Contract Review Lowers Transportation Client’s Premiums by More Than $90,000 and Improves Contract Compliance

USI’s Transportation team evaluated the losses for a 100 power unit trucking company as part of a due diligence review. Despite good loss experience relative to industry peers, the Company’s premiums increased every year. Leveraging USI’s casualty resource team, historic loss data was analyzed to develop an accurate view of expected future loss performance. The result demonstrated that the pricing increases were not justified. USI built pricing expectations based on the empirical data, and negotiated a substantially lower cost with underwriters. The final terms provided over $90,000 in premium savings. USI also compared the client’s contractual requirements against their insurance policies and worked with carriers to expand coverage terms to bring the Company into compliance with their shipping contracts.

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