Zurich Insurance has announced a partnership with the insurtech managing general underwriter Vindati to develop a new standalone insurance product designed to help protect independent truckers from the risks of transporting cargo.
The new Motor Truck Cargo (MTC) program – written through an exclusive agreement between Zurich and Vindati – is available for both “for hire” common and contract truckers. The coverage insures against the risks of direct physical loss to covered property while in transit, loading, or unloading. The insurance also provides coverage for when the truck is at a terminal or dock awaiting final distribution.
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