https://completemarkets.com/company/ibsl/Truckers-Cargo-and-Physical-Damage-Package-Program/
Truckers Cargo & Physical Damage Package Program from International Brokerage & Surplus Lines, Inc.
International Brokerage & Surplus Lines, Inc. (IBSL) offers a Truckers Cargo & Physical Damage Package Program built for trucking and transportation risks. The program combines Motor Truck Cargo and Physical Damage on a single package policy (or as monoline if preferred), delivering flexible terms and endorsements that let you tailor coverage to each client’s operations.
Ideal Accounts and Appetite
This program fits a broad range of trucking classes, including:
Dry van haulers
Flatbed operators
Refrigerated (reefer) transporters
Tanker operators
Auto haulers and boat transporters
Owner-operators and larger fleets
IBSL will consider mixed fleets and accounts with terminal exposures. Submissions that include cross-border operations (U.S./Canada or U.S./Mexico) are accepted in addition to standard U.S. domestic risks.
Coverage Highlights and Advantages
Key program features designed for speed and flexibility:
Single-package or monoline options — write both Cargo and Physical Damage together or issue one line initially and endorse the other mid-term.
Online quoting available through IBSL for faster turnarounds on routine risks.
Custom endorsements such as Refrigeration Breakdown, Striking of Load, Loading & Unloading, Debris Removal, Earned Freight, and Trailer Interchange.
Terminal exposure coverage — available for both short- and long-term needs under the same policy.
Flexible rating and payment structures for larger accounts, including Gross Receipts, Value Reporting, Retentions, and monthly payment options.
Competitive pricing with fleet and package discounts when both lines are placed together.
Underwriting Notes and Minimum Premiums
IBSL places this program on non-admitted paper through Lloyd’s, which allows broader flexibility on terms and endorsements. Underwriters will consider a range of submission sizes and may give special consideration to agents bringing quality books of business. Specific minimum premiums are determined by submission details and territory; contact an IBSL market specialist for a tailored indication.
Territories and Availability
This non-admitted program is available in the 49 contiguous U.S. states and can accommodate Canadian and U.S./Mexico border operations. States include AL, AZ, AR, CA, CO, CT, DE, FL, GA, 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, and WY.
Why Work With IBSL on Trucking Business
IBSL combines transportation underwriting expertise with access to Lloyd’s capacity, making it a viable option when standard markets are constrained or when customized endorsements are needed. The program’s package structure reduces placement complexity by combining cargo and physical damage coverages and offering mid-term flexibility.
Example fits:
A regional refrigerated hauler expanding into multi-state service that needs Refrigeration Breakdown and trailer interchange endorsements.
A mixed fleet owner-operator with a combination of dry van and flatbed units seeking a single policy to manage cargo and physical damage limits and premium reporting.
If you have a trucking account with seasonal terminal exposures, cross-border hauls, or non-standard endorsement needs, IBSL’s Truckers Cargo & Physical Damage Package Program is worth submitting.
Frequently Asked Questions
What types of trucking risks are eligible for this program?This program is well-suited for dry van, flatbed, refrigerated goods, tankers, auto haulers, boat transporters, and mixed fleets.
Can I write just Cargo or Physical Damage initially?Yes. You can issue monoline Cargo or Physical Damage at inception; the other line can be added mid-term on a pro-rata basis.
Is this program available for accounts with terminal exposures?Yes. Terminal exposure coverage can be added on a short- or long-term basis under the same policy.
Are submissions accepted for cross-border trucking?Yes. IBSL accepts submissions for U.S./Canada and U.S./Mexico border operations as well as risks located in the 49 contiguous U.S. states.
What types of endorsements are available?Available endorsements include Refrigeration Breakdown, Striking of Load, Loading & Unloading, Debris Removal, Earned Freight, Trailer Interchange, and other custom options to fit a client’s operations.
Need help placing an account? Connect with a market specialist.