Golden CoverageTransportation Insurance for CA-Domiciled Companies
The transportation industry today faces a tough insurance market with higher costs and tighter underwriting as losses have mounted over the years as a result of a number of factors, including more crowded roads with more accidents, distracted driving with smartphone usage, a shortage of seasoned drivers, and an explosion of judgments and jury awards, among other issues. The industry is more susceptible to a wider range of risks, including extensive auto, technology, and supply chain liabilities, in addition to the regulatory and compliance exposures involved in the use of independent contractors.
Agents that specialize in transportation insurance need markets they can rely on to help their clients get competitive rates and broad coverage to address the various and unique risks the segment faces. Southern California-based American Team Managers Insurance Services (ATM) partners with key carriers to assist agents specializing in the transportation industry secure insurance coverage. One of our markets, Dongbu Insurance, is exclusively for operations headquartered within the State of California that also do business in nearby states. An A-XIV rated carrier, Dongbu Insurance is as committed to serving this market segment as we are.