When you work with clients in the trucking industry, you have different needs and concerns than other agencies. A managing general agent (MGA) who specializes in transport insurance is your best bet. A transport program MGA can give your small or medium agency the support it needs to serve your clients better.
Potential Package Components
Most policies include basic auto liability, which can often be extended as needed. Your clients will likely be interested in physical damage coverage. Collision coverage handles the cost of damaged caused by overturning or an accident with another vehicle. Comprehensive coverage pays for damaged from other causes, such as theft. Your transport program MGA may also recommend cargo insurance as part of the package.
Benefits of an MGA
When you work with an MGA, you are getting an insurance professional who is knowledgeable about the transport industry. Your MGA can perform the following:
- Analyze risks according to background and statistical information
- Set policy terms and calculate premiums
- Provide fast turnaround on quotes
- Settle claims
Making the Best Choice
Your clients’ trucks are their lifelines. No one likes to think about having an accident, but it is important to make sure they have the best coverage to help them overcome their losses and get back in business as quickly as possible.