QBE North America offers coverage for trucking sector

QBE North America has launched a liability insurance policy targeting the U.S. trucking industry.

The coverage combines motor truck cargo and logistics liability insurance in one policy, the New York-based unit of Australia’s QBE Insurance Group Ltd. said Feb. 13 in a statement.
 
The policy protects shippers from financial losses occurring on the road and provides embedded coverage for a number of occurrences, including mobile equipment, refrigeration breakdown, trailer interchange, contract penalties, deceptive practices, and contingent coverage.

There are also optional policy enhancements, such as the ability to add another insured entity, scheduled shipper coverage, and specific conditions.

“We have flexible coverage that can meet the contractual needs of our insureds,” a spokeswoman said.