Transportation
At Decus Insurance Brokers our Transportation team can offer a range of products within our existing in-house Facilities which are written 100% by Lloyd’s and non-Lloyd's Underwriters.
We pride ourselves in being able to offer fast and competitive solutions and are fully committed in administering an efficient and professional service to accommodate your insurance requirements.
It is through the continuation and expansion of existing relations and direct access to Lloyd’s and non-Lloyd's Underwriters that our experienced broking team is able to specialise in providing tailored insurance products with which we aim to promote growth of potential business portfolios and facilities in future.
With our investment in developing our own custom-built online platform, we have progressed in creating a more efficient and productive approach to achieving this for our clients.
Coverage
Typical open market minimum premium for any line of coverage is USD 2,500 but lower thresholds are available on online platform solutions. We also specialise in Binding Authority (Contracts) working alongside leading transportation Underwriters within the Lloyd's Market.
- Automobile Physical Damage (Comprehensive and Collision)
- Motor Truck Cargo Liability / Excess Motor Truck Cargo Liability
- Dealers Open Lot Insurance
- Garage Keepers Legal Liability
Automobile Physical Damage (Comprehensive and Collision)
Risk Appetite:
From short haul to long haul, single unit owner-operators to large commercial fleets, all operations can be considered including high risk exposures such as coal haulers, sand/water haulers and oil-related equipment/vehicles.
Additionally, our markets can consider high-end automobiles (excluding drivers under the age of 25 / preferably over 30 years of age).
Limits
- Up to USD 400,00 any one vehicle / any one combination of vehicles in respect of Commercial Vehicles. Up to USD 100,000 any one vehicle in respect of private passenger vehicles.
- USD 2,500,000 any one event, catastrophe or terminal loss. Up to USD 15,000 in towing, storage and recovery limits.
Other Coverages
- Non-owned trailer exposures / trailer interchange
- Towing, storage and recovery
Wordings used:
- NMA1650(Sections C & F)
Motor Truck Cargo Liability / Excess Motor Truck Cargo Liability
Risk Appetite:
Our markets can offer coverage in respect of a broad list of commodities including refrigerated and target goods, which can be tailored to better suit your requirements and liabilities.
Household goods movers are reviewed on a case by case basis, with Underwriters generally requiring satisfactory loss and commercial trucking experience.
Our markets will not consider boat / mobile home haulers.
Limits
- Up to USD 400,000 any one vehicle / any one combination of vehicles in respect of commercial vehicles.
- Excess markets up to USD 20,000,000 which can sit with Lloyd's and most domestic carriers.
- Up to USD 50,000 any one truck, any one loss in respect of household goods movers / haulers.
Other Coverages
- Refrigeration Breakdown
- Debris Removal
- Earned Freight
- Trailer Interchange
- Target Interest Coverage
Wordings used
Motor Truck Cargo Broad Form 15
Dealers Open Lot Insurance
Risk Appetite:
Whilst all risks will be reviewed on a case by case basis, our markets look to offering terms in respect of most types dealerships (new / used / standard / exotic autos), though with limits and average exposures at USD 1,000,000 or less.
Our markets are unable to consider mobile home and boat dealerships.
Limits
- Up to 1,000,000 any one loss / any one location
Wordings used
- LSW177
Garagekeepers Legal Liability
Risk Appetite:
Similarly for Garage Keepers Legal Liability submissions, all exposures will be reviewed on a case by case basis by our markets, with general preferences for risks at USD 1,000,000 in limits and average exposures or less.
A wide range of business types and operations can be considered including valets, towing services and workshops.
Our markets are unable to consider mobile home and boat workshops.
Limits
- Up to USD 1,000,000 any one loss / any one location
Wordings used
- LSW179
Decus Direct (Online Platform)
Here at Decus, we have created an online platform which will allow you to obtain real time indicators/quotes at a touch of a button, leaving you with more time to concentrate on selling, not data entry.
We have had great success within the Property Market and now have the capabilities to write Automoblie Physical Damage and Motor Truck Cargo Liability under Decus Direct.
Key Features
- Real time indications
- Firm quotes
- Binders
- Certificate issuance
- Bordereaux reporting
If you would like further information regarding Decus Direct, please do not hesitate to contact us.
Please send all transportation submissions, questions or enquiries to transportation@decusbrokers.com and your submissions will be handled and responded to in a timely fashion (24-48 hour turnaround), although we would kindly advise and appreciate a little assistance from your side regarding the quality of submissions and target/expiring premiums, etc. where possible.
We trust this information helps further clarify the services we are able to provide for you, although please feel free to contact one of our team members for any questions or enquiries you may have.
For further information please download a copy of our Transportation brochure
Paul Cannon
Jamie Farrup
Alex Hughes
James Tamsett
Ellie Taylor
