Hub adds transportation excess liability/umbrella coverage
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Hub International Ltd. has launched an excess liability/umbrella coverage for the transportation industry, backed by Oklahoma City-based Trisura Specialty Insurance Co.
Hub Drive Excess Liability Shield will provide coverage with limits of up to $5 million, or a component of a transportation policyholder’s excess tower, Chicago-based Hub said in a statement Wednesday.
The coverage, which is available in all states except New York, is designed for transportation clients, including general freight, moving and storage, and last mile, auto/truck dealers, public auto and rail.
“Excess liability/umbrella insurance is critical for our transportation clients who are looking to protect themselves from catastrophic and unpredictable events,” Lisa Paul, chief strategy officer of Hub’s Transportation Specialty Practice, said in the statement.
Trisura Specialty Insurance Co. is a subsidiary of Toronto-based Trisura Group Ltd.
