#United States #Morristown #Crum & Forster #TripExcess #motor carriers

Crum & Forster Enhances TripExcess Program

Crum & Forster (C&F) has recently announced significant upgrades to its TripExcess® program, specially designed to meet the insurance needs of motor carriers. This revolutionary program now offers expanded coverage options and improves the user experience through a streamlined online portal. Motor carriers now have access to on-demand excess insurance tailored to their specific requirements, giving them the flexibility that traditional policies often lack.

What is TripExcess?

TripExcess serves as a rapid and flexible alternative to conventional annual insurance policies. This innovative program allows motor carriers to secure the insurance they need quickly and efficiently via a user-friendly online portal. Through this system, carriers can quote, bind, and obtain certificates of coverage all in one straightforward transaction. The pivotal advantage is that motor carriers can get essential coverage precisely when they need it, without the long-term commitment associated with annual policies.

New Coverage Options

Prior to these enhancements, TripExcess offered coverage primarily linked to a Bill of Lading, which provided protection for specific trips. With the latest modifications, motor carriers can now also select Vehicle-Specific Coverage. This option ties the insurance protection to the Vehicle Identification Number (VIN) of the truck, allowing dynamic coverage for multiple pick-ups and deliveries within a designated timeframe. This flexibility ensures that motor carriers can react rapidly to changing demands without unnecessary extra costs.

Meeting Insurance Needs

Excess insurance has become increasingly crucial in situations where shipping or brokerage companies mandate higher coverage limits for various commodities and shipments. However, for many motor carriers, especially those that might only require higher limits on rare occasions, annual policies can represent an impractical and costly option. By expanding the capabilities of the TripExcess program, Crum & Forster effectively addresses these concerns, offering customizable and economical solutions essential for maintaining contractual obligations while simultaneously enhancing profitability.

Industry Insight

Jennifer Vogel, Senior Product Manager at Crum & Forster, articulates the purpose behind the upgrade. "Crum & Forster understands that motor carriers operate under unique circumstances; thus, flexibility is vital for their ongoing success. With enhancements to our TripExcess program, we're making obtaining excess coverage easier and more accessible, whether they need it for a single trip or a specific vehicle.” This outlook showcases the company's commitment to developing robust, adaptable, and cost-efficient solutions tailored to the evolving needs of motor carriers.

Conclusion

As the marketplace continues to change, the insurance needs of motor carriers become more complex. Crum & Forster's TripExcess ensures that carriers can navigate these challenges smoothly, safeguarding their operations with necessary insurance at crucial times. Those interested in this innovative program can visit TripExcess.com for further information.

About Crum & Forster

Founded in 1822, Crum & Forster is among the oldest insurance companies in the United States and specializes in providing property, casualty, and accident health insurance. With a gross written premium of $5.7 billion in 2024 and an 'A' Excellent rating from AM Best, the company continues to uphold its legacy of innovation and customer service excellence. Crum & Forster is dedicated to meeting the evolving insurance needs of clients through a broad range of services and products, including the newly upgraded TripExcess program.