TRUCKING AND TRANSIT

INCLUDING:  Ambulance Services • Armored Car Services • Bus Lines–City Service • Bus Lines–Interstate and Charter • Ferries • Freight Forwarder and Freight Agencies • Furniture Movers • Garbage Collection • Truckers

The business operations in this chapter are among the most heavily regulated in the country. All are subject to multiple types of regulation including municipal, state and federal. The regulations are necessary because potential for severe property damage and/or bodily injury is extremely high.

All carry cargo that if not handled appropriately could have serious consequences to the cargo owner and/or the public at large. Those that carry people must prove that they keep their equipment in good condition and that employees operate in a safe, sober manner.

PACKAGE POLICIES

Package policies are the most convenient way to combine two or more coverage parts into a single policy. Package policies may include automobile, but most businesses in this category place their automobile separately from the rest of its coverage. The Businessowners Policy is not an option for businesses within this category.

Commercial Package Policy (CPP)

PROPERTY COVERAGES

Terminals represent the major property exposure for a trucking concern and usually consist of office and dispatch equipment, goods and merchandise of others in transit and garage repair operations. Time element coverage issues include not only business income for direct damage at the terminal but also the extra expenses needed to support vehicles on the road after a loss. They also include loss of income because of a covered direct damage loss at a major customer or a parts and equipment supplier.

Types of Property

Building

Business Personal Property

Personal Property of Others

Improvements and Betterments

Property Coverage Forms

Building and Personal Property Coverage Forms

Commercial Output Policies

Equipment Breakdown Protection Coverage

Legal Liability Coverage

Perils Insured/Causes of Loss Forms

Basic

Broad

Special

Earthquake

Flood Coverage

Mine Subsidence

Property Coverage Options to Consider

Debris Removal Coverage

Ordinance or Law Coverage

Outdoor Trees, Shrubs and Plants Coverage

Spoilage Coverage

Utility Services–Direct Damage Coverage

Valuation Options

Functional Replacement Cost

Replacement Cost

Time Element Coverages

Business Income with Extra Expense Coverage

Business Income without Extra Expense Coverage

Extra Expense Coverage

Leasehold Interest Coverage

Time Element Coverage Options to Consider

Business Income from Dependent Properties Coverage

Ordinance or Law Increased Period of Restoration Coverage

Utility Services–Time Element Coverage