RB Jones Launches Comprehensive Motor Truck Cargo Insurance Solution
In an exciting development for the trucking and logistics industry, RB Jones has unveiled a new motor truck cargo insurance product that offers coverage limits of up to $1 million. This innovative solution is designed to protect motor carriers against liability for lost or damaged cargo, addressing a significant need in the market.
Extensive Coverage for Diverse Operations
The newly introduced motor truck cargo insurance is backed by Atain Insurance Companies, ensuring robust financial support and reliability. This coverage is not limited to traditional cargo haulers; it also extends to specialized operations such as automobile haulers, driveaway contractors, flatbed and steel haulers, as well as wrecking and towing services. This diverse coverage ensures that various sectors within the trucking industry can benefit from this new offering.
Insights from Industry Experts
Mike Perrotti, the Director of Inland Marine at RB Jones, emphasized the comprehensive nature of the new product. "Our new product stands among the most comprehensive available, combining broad coverage with extensive market appetite," he stated. Perrotti’s extensive experience, including over 13 years at AXA XL as the Chief Underwriting Officer for Marine North America, positions him to lead the growth and development of this innovative insurance solution.
Strategic Partnerships for Enhanced Offerings
The partnership with Atain Insurance Companies is a strategic move for RB Jones, allowing them to collaborate with reputable carriers to deliver high-quality coverage options. This alliance not only enhances the product offering but also strengthens the overall market presence of RB Jones in the specialty insurance sector.
Addressing Critical Market Needs
The introduction of this motor truck cargo insurance product is a direct response to the evolving needs of the logistics and transportation industry. As businesses increasingly rely on efficient and secure transport of goods, having comprehensive insurance coverage becomes essential. RB Jones aims to fill this gap while showcasing its expertise in underwriting.
Future Growth and Market Expansion
With Mike Perrotti at the helm and the backing of Atain, RB Jones is poised for growth in its specialty insurance offerings. The company’s agile approach and focus on market needs position it well to adapt to the changing landscape of the insurance industry. The launch of this product shortly after Perrotti’s arrival signifies the company’s commitment to innovation and excellence.
Share Your Thoughts
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Related Industry Developments
For those interested in further developments in the insurance sector, consider exploring the following articles:
- RB Jones Launches Professional Liability Division
- RB Jones Introduces Solar Commercial Coverage
- RB Jones Acquires Ocean Cargo Business
In summary, RB Jones’ new motor truck cargo insurance solution represents a significant advancement in the insurance landscape for the trucking industry. With comprehensive coverage options and a focus on specialized operations, this product is set to make a substantial impact in the market.