RISC Inc. offers a specialized Truckers Insurance program through its RISC Transportation division. The program provides a nationwide solution for Motor Truck Cargo and Auto Physical Damage coverage, written on an Inland Marine Cargo form. Coverage is available to independent agents and brokers and is supported by an in-house underwriting facility that typically delivers a quote within 24 hours on complete submissions. Auto Physical Damage is available only when written in conjunction with Motor Truck Cargo.
Ideal Accounts and Appetite
This program fits a range of trucking operations, especially those carrying specialized or higher-risk freight. Preferred classes include:
- Oilfield and heavy equipment haulers
- Refrigerated load carriers (temperature-controlled freight)
- Flatbed commodity transporters
- Containerized freight operators
RISC will also consider new ventures with limited operations — generally those running no more than three tractors. Accounts with clear cargo procedures and complete loss histories tend to get the fastest responses.
Coverage Highlights and Advantages
- Motor Truck Cargo limits: up to $250,000 per unit
- Auto Physical Damage: limits up to $175,000 per unit, or $250,000 combined for tractor and trailer when paired with Cargo
- Refrigeration breakdown endorsement: available for refrigerated haulers
All underwriting is handled in-house, giving agents direct access to underwriters who know transportation and cargo exposures. That in-house authority enables faster, more tailored submissions and policy forms suited to specialty freight risks.
Underwriting Requirements and Minimum Premium
To obtain a prompt quote, submit a complete package including:
- Completed Auto/Cargo application with vehicle schedule and Total Insured Value (TIV)
- Detailed description of operations and commodities hauled
- Three years of loss runs
- Current Motor Vehicle Reports (MVRs) for each driver
The program’s minimum premium for eligible accounts starts at $750, making it practical for smaller fleets and startups that meet the stated appetite.
Territory and Availability
This program is available in most states (48 states plus Washington, D.C.), including major trucking markets such as TX, CA, FL, NY, IL, and PA. Coverage is offered through admitted markets in most territories to help ensure regulatory compliance where applicable.
Why Work With RISC Inc.
As a Managing General Agency, RISC Inc. focuses on specialty transportation risks and provides underwriting authority and market access for independent agents and brokers. Their strengths include fast turnaround on complete submissions, direct underwriter access, and program terms designed for specialized cargo exposures. Whether you are placing coverage for an established fleet hauling high-value equipment or onboarding a new refrigerated hauler, RISC’s team can help structure appropriate cargo and physical damage protection.
Frequently Asked Questions
What types of trucking accounts are best suited for this program?
This program is ideal for haulers of oilfield equipment, refrigerated goods, flatbed commodities, and containerized freight. New ventures with up to three tractor units are also considered.
Is Auto Physical Damage coverage available on a standalone basis?
No. Auto Physical Damage is only available when written together with Motor Truck Cargo coverage under this program.
What is the turnaround time for quotes?
Complete submissions are typically quoted within 24 hours, thanks to RISC’s in-house underwriting team.
What documents are required for submission?
Agents should provide a completed application, vehicle schedule with TIV, detailed operations description, three years of loss runs, and current MVRs for each driver.
Is this program available nationwide?
Yes. The program is available in most states and is offered through admitted markets in most territories.
Need help placing an account? Connect with a market specialist.