Reliable Transportation Association Launches Lloyd’s-Backed Physical Damage Insurance Program for Commercial Auto

Reliable Transportation Association Introduces New Auto Insurance Program

The Reliable Transportation Association (RTA) has recently unveiled a new insurance program focused on Physical Damage coverage for commercial auto operators. This initiative aims to enhance the safety and security of vehicle fleets in the commercial sector.

Partnership with Lloyd’s of London

This new program is backed by Lloyd’s of London, a well-known name in the insurance world, which provides added credibility to RTA's offerings. As a managing general agent, RTA is positioned to leverage its expertise in the commercial auto insurance landscape.

Key Features of the Program

The Physical Damage insurance program is tailored specifically to meet the unique needs of commercial auto operators. While full specifics of the program have not been detailed in the announcement, one can expect standard offerings such as:

• Coverage for damages resulting from accidents, theft, and vandalism.
• Flexible terms designed to adjust to different fleet sizes and operational needs.
• Direct access to claims support and risk management resources.

Impact on Commercial Auto Operators

This launch is particularly relevant for businesses relying on commercial vehicles, as it addresses common risks that can lead to substantial financial losses. The availability of specialized coverage could potentially streamline operations and reduce the overall risk exposure for fleet operators.

Looking Ahead

As the commercial auto insurance market evolves, RTA’s new program aims to provide robust solutions to an important segment of the industry. With the support of Lloyd’s, RTA is set to strengthen its presence and facilitate better protection for commercial auto operators moving forward.

Original Source: https://ffnews.com/newsarticle/insurtech/reliable-transportation-association-launches-lloyds-backed-physical-damage-insurance-program-for-commercial-auto/