The liability limit carried under the plate insurance is $200,000. However, depending on your individual needs or contractual obligations, a policy can increase your limit anywhere from $1,000,000 to $10,000,000. It is to satisfy a contractual obligation.

However, liability risks are difficult to put a dollar value on in general due to the unpredictable nature of claim settlement. This is particularly true for injuries to others as they can very quickly add up to be a significant cost, depending on possible court decisions.

Motor truck cargo additional coverage is a type of insurance that protects the insured if they are subject to contractual penalties due to late or non-delivery of the cargo, erroneous delivery of cargo that does not follow specific instructions, or failure to receive written confirmation for the delivery of the shipment.

This coverage helps cover any financial losses or expenses due to errors or delays.

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Sometimes the trailer or shipping container itself is the cargo being transported. If you are in the business of moving trailers or shipping containers that you do not own, this type of insurance coverage will protect you in the event of any physical loss or damage that may be incurred while the trailer or shipping container is in transit. This type of coverage can provide protection against losses due to theft, vandalism, collision, fire, and other perils that may occur during the course of the shipment.

The excess value applies to heavy vehicles and commercially plated trailers.

As the owner, you do have the option to put the total value under the plate registration. However, if the value exceeds $15,000, the pricing under the plate is generally more expensive than the coverage the extension policy can offer.

When unexpected challenges arise, having specialized insurance for passenger transport services can be the key to keeping your business on the right path. We provide comprehensive coverage options specifically tailored for limousine, taxi, motor coach, and bus services such as:

• Property insurance
• Commercial automobile insurance
• Commercial general liability (CGL)
• Business interruption coverage

Regardless of size, every business should have a Group Benefits plan to protect their employees and families financially. A Group Benefits plan can help attract and retain the best talent and ensure employees can access the financial support they need. We proudly work with various insurance carriers to provide customized Group Benefits plans to fit each business’s unique needs and budget.

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