Innovative Risk Management (IRM), through its underwriting affiliate Programs Plus, markets specialty insurance programs in which we take an underwriting risk position. AVERT is our commercial trucking program designed to help distressed accounts find their way back into the competitively priced insurance market.
We provide retail agents with a “home” for trucking clients, particularly difficult to find in a hard market in which this industry segment has been hit hard by carrier appetite changes, diminished capacity and significant rate increases as a result of catastrophic liability losses and social inflation.
The AVERT program in addition to providing liability insurance includes Drivecam by Lytx©, a technology platform for trucking accounts to help improve their claims experience by encouraging changes to unsafe driving behaviors. The technology also helps objectively report the facts involved in an accident via video evidence.
The target classes and typical risks we focus on for this program are:
- Designed for distressed accounts (high-severity/low-frequency risk profile)
- Most commodities qualify with the exception of hazmat
- Fleet size minimum: 15 power units
- In business minimum of three years
The benefits of this program include:
- Auto Liability
- General Liability
The highlighted features of this exclusive program include:
- Minimum guaranteed cost liability rate of $11,426 per unit
- Lytx© DriveCam technology included
- Agency Commission: 10%
- Lines of coverage: Auto and General Liability
- AM Best “A- XIV” rated carrier
- Radius: local up to long haul
The submission requirements of this exclusive program include: