Auto and Trucking Workers' Compensation Program from Phoenix Risk Management
Phoenix Risk Management offers a specialized Workers' Compensation program tailored to meet the needs of clients in the auto and trucking industries. Designed for insureds with existing coverage and a minimum of two years in business, this guaranteed cost program is available for a wide range of general classes while accommodating new ventures and risks with prior coverage lapses.
As a Managing General Agency and Excess & Surplus Lines Broker, Phoenix Risk Management brings access to multiple carrier options, ensuring flexibility and customization for your clients' unique risk profiles. Whether you're placing business for a local delivery fleet or a regional long-haul trucking operation, this program helps address the complex injury and liability exposures these businesses face.
Ideal Accounts and Appetite
This program is well-suited for businesses in the auto and trucking sectors, including:
- Local and regional trucking companies
- Auto repair and service shops with fleet operations
- Transport and delivery businesses with commercial drivers
- New ventures in trucking or auto-related fields
- Accounts with gaps in prior workers' comp coverage
You might have a client who recently launched a freight delivery business and is looking for their first Workers' Compensation policy or a company that had a lapse but now needs coverage to meet contractual or regulatory demands—this program may be a strong fit.
Coverage Highlights and Advantages
Phoenix Risk Management’s Workers' Compensation program offers:
- Guaranteed cost coverage for predictable premium planning
- Flexibility for new ventures and businesses with prior coverage lapses
- Access to multiple carriers for broader underwriting options
- Support for insureds with moderate to complex operational risks
Claims handling and underwriting services are provided through experienced partners who understand the nuances of transportation and auto-related risks.
Underwriting Requirements and Minimum Premiums
The minimum premium for this program starts at $1,500.00. To obtain a quote, agents must submit:
For the best quote, also include:
- At least 4 years (preferably 5) of currently valued Loss Runs (within 90 days of effective date)
- 4 years of aggregate payroll data
- Current Experience Mod (X-Mod) Worksheet, if available
- Detailed reports for any losses exceeding $50,000
Territories and Availability
This program is available on a non-admitted basis in the following states: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
Why Work With Phoenix Risk Management
Phoenix Risk Management brings deep expertise in placing Workers' Compensation coverage for transportation and auto-related businesses. As an MGA and E&S broker partnered with multiple carriers, they offer flexible underwriting, quick turnaround, and solutions for challenging risks. Whether you're working with an established trucking firm or a new venture needing guidance, PRM is a strong partner for your Workers' Comp placements.