New York, NY – QBE North America, an operating division of global insurer QBE Insurance Group Limited, today announced the launch of The Solution for Motor Truck Cargo – a comprehensive policy offering unique coverages for motor carriers. This new coverage combines both Motor Truck Cargo and Logistics Liability insurance in one policy, thus simplifying for this industry the process of obtaining the insurance it needs.
"Protecting the cargo that has been entrusted to transportation-related businesses is critical to their bottom line," said Richard Pye, Senior Vice President, Inland Marine, QBE North America. "These companies need the right coverage from the right carrier to help keep their business running strong."
The Solution protects shippers from financial losses occurring on the road, which may be due to damaged equipment, contamination, stolen goods, and related exposures, subject to the terms, conditions and exclusion of the policy. Unlike other Motor Truck Cargo policies, this policy provides embedded coverage for Mobile Equipment, Refrigeration Breakdown, Trailer Interchange, Contract Penalties, Deceptive Practices, and Contingent Coverage. There are even optional policy enhancements – such as the ability to add another insured entity, Scheduled Shipper Coverage, and Specific Conditions.
Apart from the risks covered by The Solution, our in-house, dedicated specialty claims adjustors offer product expertise, industry specialization and a commitment to superior customer service both pre- and post-loss.
"QBE North America is committed to be an integrated specialist insurer, delivering applied expertise, global capabilities and excellent service to our customers across the country," said Jeff Grange, President, Specialty Insurance, QBE North America. "Our Inland Marine underwriters and claims specialists have the experience and industry knowledge to customize the protection that motor carriers in the logistics and transportation industry need, when they need it most."
QBE North America is part of QBE Insurance Group Limited, one of the largest insurers and reinsurers worldwide. QBE NA reported Gross Written Premiums in 2015 of $4.6 billion. QBE Insurance Group's 2015 results can be found at www.qbe.com/us. Headquartered in Sydney, Australia, QBE operates out of 37 countries around the globe, with a presence in every key insurance market. The North America division, headquartered in New York, conducts business through its property and casualty insurance subsidiaries. QBE insurance companies are rated "A" (Excellent) by A.M. Best and "A+" by Standard & Poor's. Additional information can be found at www.qbe.com/us, or follow QBE North America on Twitter.
Carla Ferrara, Vice President, Corporate Communications & Branding, 212.497.9604, Carla.firstname.lastname@example.org