MGA expands freight liability appetite with new vehicle transporter policy

MGA Fiducia has launched a new policy for vehicle transporter businesses as it expands its risk appetite in freight liability insurance.

In this new policy, operators of all sizes that move vehicles from single vehicle transporters to national transportation companies are catered for.

This includes on behalf of the manufacturer, dealership, garage or private owner and while operating as a subcontractor for haulage and related companies.

The policy also offering sector specific extensions of cover.

David Heeney, underwriter at Fiducia, said: “Many of our broking partners work with vehicle transportation clients, ranging from sole traders to multi-vehicle operators.

”However, they can find it challenging to obtain comparative Freight Liability quotes for these risks. By extending our risk appetite to include vehicle transportation, we further support their ability to offer competitive alternative cover, backed by access to our experienced underwriters and high service standards.

“We are looking forward to working with our broking partners who have existing vehicle transportation business due for renewal or who are exploring new business opportunities within this sector.”

‘Bespoke and secure’

Backed by A-rated capacity from several UK insurers, the expanded risk appetite allows the Leeds-based MGA to provide cover for a broad range of vehicle transporter businesses.

Gerry Sheehy, chief executive at Fiducia, said: “We understand the need for comprehensive, bespoke and secure insurance protection for vehicles whilst being transported.

“As an MGA, we have built a reputation for our level of service and the ‘can do’ approach to risks and solutions that we take. We believe our new vehicle transportation policy will enable us to support our brokers who are looking to access an alternative market for these risks.”