RPS launches new merchandise for transportation dangers

E&S wholesale dealer and managing normal company Threat Placement Companies (RPS) has introduced the launch of three new transportation merchandise for dangers with one to 10 energy items.

• Basic Legal responsibility for Truckers
• Motor Truck Cargo for Truckers
• Auto Bodily Injury for truckers

The suite of merchandise, which RPS stated was the primary of its type, is obtainable on-line, making it attainable for unbiased brokers to offer a mix of coverages shortly. The merchandise can be found to cite, bind and difficulty in solely two minutes by way of RPS’s Small Enterprise Platform. The corporate stated it plans to proceed including product enhancements to the suite.

“In a industrial insurance coverage market that’s affected by lengthy purposes and disparate portals, our new digital providing stands out as a easy and complete resolution brokers can depend on for his or her insureds,” stated Mark Gallagher, nationwide transportation follow chief for RPS.

Basic Legal responsibility for Truckers covers accidents or property injury not brought on by the truck operator, which RPS stated is often not lined by different insurance coverage. It additionally gives protection towards the price of lawsuits.

Motor Truck Cargo for Truckers fills gaps in different cargo protection, together with paid curiosity, protection extensions or funds along with coverage limits.

Auto Bodily Injury for Truckers is obtainable on a acknowledged quantity foundation with deductibles of as much as $5,000. It has a most single-vehicle worth of $300,000, RPS stated.

The product suite gives protection from an AM Greatest A-rated service and is obtainable in all states besides Alaska, Hawaii and Massachusetts, RPS stated.

“At RPS, we attempt to offer inventive options to persistent trade challenges that assist set our retailer companions other than their competitors,” Gallagher stated. “This suite of digital transportation merchandise definitely places us a number of miles forward.”

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