Property in Transit Insurance

RLI has the experience and expertise to protect customer’s property — in transit or in storage.

Your customers trust their property only to transportation or storage companies with experience and expertise. The same applies for their insurance coverage. An RLI inland marine policy offers the best property in transit coverage, as well as outstanding standard inland marine protection and additional coverages.

Coverage

We can offer your insureds the following coverages:

Motor Cargo Liability Coverage

Motor carriers haul other people’s goods — and we cover their legal liability, including defense costs, while shipments are en route or while the goods are stored temporarily at your customers’ terminal locations. This includes those newly acquired since policy inception.

In event of a collision or overturn, the property being hauled often sustains damage — as can such property as moving equipment, expendable supplies, and on-board or off-board electronics. We cover all of it. Additionally, at your customers’ option, we can cover the driver’s personal property as well. Coverage includes:

• Broad supplemental coverages that automatically pay for uncollectible freight charges, contract penalties, expediting costs, as well as the costs of removal of debris or pollutants
• Contingent coverage that handles situations in which your customers, acting as a freight broker, arrange for shipments but do not themselves operate the vehicles hauling the goods.
• Additional coverage, including:
• Loading and unloading
• Refrigeration breakdown on vehicles and/or in terminals
• Coverage on trailers for which your customers are responsible
• Mobile equipment (including truck-mounted) used to load and unload vehicles

Transportation Coverage

This coverage protects your customers’ property on their own vehicles, as well as when aboard motor, rail, or air carriers for hire. Important coverage details include:

• Automatic coverage for loading and unloading
• Goods covered while temporarily in storage
• Supplemental coverages apply equally to transportation risks, such as:
• Removal of debris and pollutants
• Goods moved to a temporary location on an emergency basis
• “Selling price” provisions are available
• Automatic coverage extensions for rejected or undeliverable shipments during the shipment’s return to the insured

Warehousemen’s Legal Liability

Warehousemen's Legal Liability policies basically cover your legal liability as a warehouseman or bailee with respect to physical loss or damage to property your customers at specified locations subject to designated limits and while subject to some form of warehouse receipt. We provide this coverage only when all commodities stored are non-hazardous in nature and your customer has had a stable customer base for a number of years. It is imperative that we understand the nature of commodities stored and the extent of your customer’s responsibility. Coverage applies:

• Only at scheduled warehouse locations
• For goods moved to a temporary location on an emergency basis
• For defense costs

Coverage for earned warehouse charges is optional.

Additional benefits

Experienced underwriting — Our underwriters are among the most experienced in the industry, which allows us to tailor coverage to your specific needs.

Commitment to loss control — RLI Marine claims experts are committed to helping you reduce loss costs with proven risk control methods.

Financial strength — RLI is rated “A+” (Superior) by A.M. Best and “A” (Strong) by Standard & Poor’s.

Appetite and Coverage Amounts

We consider motor truck cargo, transportation, and warehouse legal liability all to be desirable classes of business. Risks with a history of low loss frequency are preferred, whether this is due to the nature of the commodities hauled, high deductibles, or other underwriting characteristics. Self-storage facilities and any risk involving the shipment or storage of household goods are approached with extra caution.

Our focus is limited to $1MM per transporting conveyance, though higher limits may be available. As respects terminal and warehouse operations, limits up to $5MM are readily provided, but only up to $1MM if the construction type is frame or joisted masonry. The maximums for other policy sub-limits vary according to the exposures presented. Each risk is individually underwritten on its own merits.

Target Customers

Motor truck cargo — We offer our broadest coverage and best pricing to customers who have consistently operated on a profitable basis, have an excellent traffic safety record, and complete most trips within one day or 500 miles radius of their home base. If terminals are situated in CAT-prone areas, i.e., high hazard earthquake, flood zones A or V, or in South Atlantic or Gulf coastal areas, additional underwriting is required.

Warehouse legal liability — We expect all warehouses we insure to have good fire and theft protection, giving preference to those that are fenced, lighted, and operate 24/7. Logistics risks that offer a wide range of packing, processing, storage, and transportation services are a particular focus.

Transportation — If we are covering the insured’s goods being hauled by a third party carrier, we view almost all risks favorably, assuming that the third party carrier has adequate insurance. If we are covering the insured’s goods on the insured’s vehicles, our treatment is similar to motor truck cargo.