Products - Avant Underwriters

Broker Contingent Auto Liability

Broker Contingent Auto Liability: We will pay on a contingent basis all sums the insured must pay as damages resulting from Bodily Injury or Property Damage caused by an accident and resulting from an occurrence sustained by a motor carrier engaged by you to effect delivery of covered property between points within the coverage territory

Broker Contingent General Liability

Broker Contingent General Liability: designed to cover the simple premises liability exposures that exist for freight brokers

Broker Contingent Errors & Omissions

Broker Contingent E&O: designed to cover the freight broker for exposures that arise out of their rendering of professional services

Non-Trucking Liability

Non-Trucking Liability (NTL): NTL is 3rd Party Bodily Injury and Property damage coverage that is intended to provide liability insurance to the owner operator who has permanently leased the insured vehicle to a motor carrier and is not using that vehicle for business use at the time of the loss. NTL is often times mistakenly referred to as Bobtail. They are actually two separate coverages and should not be used to convey the same coverage.

Bobtail: As the name implies, Bobtail Liability provides 3rd party Bodily Injury and Property Damage coverage when you are operating with no trailer attached or “Bobtailing”.
*Offered thru an A.M. Best “A” Rated carrier on a nationwide basis.

Unladen Liability: Unladen coverage provides 3rd party Bodily Injury and Property Damage coverage when you are operating with no trailer attached, like Bobtail, or when there may be a trailer attached but there is no cargo being hauled.

*Offered thru an A.M. Best “A” Rated carrier on a nationwide basis.

Broker Contingent Cargo

Broker Contingent Cargo: We will pay on a contingent basis all sums the insured must pay as damages resulting from a physical loss or damage to covered property resulting from a specified peril during the policy period

Truck Plus Coverages

We also offer as a package or a–la-carte to our Owner/Operators the following “TruckPlus” endorsements:

Downtime
Tarps, Chains & Binders
Personal Effects
GAP (Guaranteed Auto Protection) Lease/Finance Coverage
Diminishing Deductible
Aggregate Deductible

Downtime: Provides $125 per day up to a max payout of $3,750 for each day your vehicle is down for repairs caused by a covered accident subject to a 10 day waiting period.

Diminishing Deductible: Your deductible will decrease 25% each year you go loss free until the deductible reaches $0.

Single Deductible: If you insure both tractor and trailer with us, your deductible will only be applied once when both units are damaged by the same cause of loss.

Personal Effects: Covers actual cash value, replacement or repair cost to personal effects in your covered auto up to $5,000 with a $250 deductible. Some exclusions apply.

Tarps, Chains & Binders: Pay for loss of tarps, chains and binders up to a limit of $2,500 and subject to a deductible of $500 per loss if the loss occurs while the tarps, chains and binders are used with the insured trailer or semi-trailer.

GAP: Guaranteed Auto Protection covers the gap between the actual cash value of the unit and the amount to pay off the finance agreement on that unit with a $15,000 limit. The unit must be insured to the amount owed. Some exclusions apply.

Excess Liability

Coverage to provide limits in excess of an underlying liability policy. An excess liability policy is no broader than the underlying liability policy; its sole purpose is to provide additional limits of insurance.

Umbrella

The umbrella policy serves three purposes: it provides excess limits when the limits of underlying liability policies are exhausted by the payment of claims; it drops down and picks up where the underlying policy leaves off when the aggregate limit of the underlying policy in question is exhausted by the payment of claims; and it provides protection against some claims not covered by the underlying policies, subject to the assumption by the named insured of a self-insured retention.

Hired & Non-Owned

Liability coverage for auto’s used in connection with the named insured’s business but that is not owned, leased, hired, rented, or borrowed by the named insured.

Deductible Buy-Back

Deductible Buy-Back reimburses the Motor Carrier for deductibles that an Owner/Operator is held responsible for in their Lease Contract. These can include deductibles for Cargo, Physical Damage on Company Owned Trailers and Primary Liability.

Primary Auto

 Define Primary Auto as: Primary Auto Liability provides 3rd Party Bodily Injury and Property Damage resulting from an accident in your covered vehicle.

Unladen Liability

*Offered thru an A.M. Best “A” Rated carrier on a nationwide basis.

Occupational Accident

Occupational Accident (Occ Acc) provides Medical, Death and Disability coverages for Owner/Operators. We offer a broad range of limits and Non-Occupational benefits with optional extensions of coverage riders for Casual Laborer (Helpers) and for Passenger.

Physical Damage

Physical Damage coverage provides 1st party property Comprehensive or Specified Perils and Collision damage to vehicles you own. We write coverage for individuals to the largest fleets of Owner/Operators and to fleet Company Owned equipment. Deductible options are available at $500 and can go to large aggregates to SIR’s.

Cargo

Coverage for damage or loss of goods of others while in your care, custody and control under a bill of lading.

Contingent Liability

Protects the client motor carrier from drivers who file legal action seeking reclassification as an employee for purposes of gaining access to workers’ compensation benefits.

Contingent Cargo

Contingent Cargo is designed to cover losses for which the insured (usually a freight broker) and their sub-contractor (usually a trucker) are liable for but can’t collect on due to 3 major reasons.

1. The subcontractor insurance policy was cancelled or non-renewed
2. The subcontractors policy limits were insufficient to cover the loss
3. The loss or damage is excluded under the terms of the subcontractor’s policy

Excess Cargo

Excess Cargo sits above your primary cargo policy and pays claims in excess of the limits provided in the primary policy for any one loss.

Commercial General Liability

Protects against claims of liability arising from your business pursuits that are not auto related like on premise operations, libel and slander, products, and completed operations.

Workers Compensation

Provides benefits such as medical, death, and disability for employees or those deemed to be employees that are injured or that become ill as a result of their job.

Physical Damage (Company Owned)

Physical Damage coverage provides 1st party property Comprehensive or Specified Perils and Collision damage to vehicles you own. We write coverage for individuals to the largest fleets. We can offer deductibles from $500 and can go up to large SIR’s or Aggregates. We can also utilize basket deductibles when writing cargo coverage.

Owner/Operator Physical Damage