Commercial Auto Physical Damage

Lloyd's facility for commercial vehicle physical damage, from owner-operators with a single unit through to the largest fleets. No TIV cap. Coast to coast coverage across the US.

London has always been a good market for this class of business, ranging from the owner-operator with a single unit up to the largest fleets. Our facility gives your clients access to Lloyd's capacity that the standard admitted market often cannot provide.

Per Vehicle / Combined Unit

Up to USD250,000

Per Catastrophe

Up to USD1,000,000

Our Facility

We currently maintain a Lloyd's facility, enabling us to consider limits of:

  • USD250,000 any one vehicle or combined unit
  • USD1,000,000 any one catastrophe

Excess terminal limits are available where required. In addition to our facility, we have strong potential for pure open market placements on high-value units such as buses, fire engines, and similar specialist vehicles. These should be submitted with a fully completed proposal form, MVRs, loss records and justification of value.

Coverage Details

Wordings are based on either the Lloyd's NMA 1650 or the Commercial Automobile Damage BRIT Form (USA) (2007/01). We can also consider combined APD & MTC risks.

  • Minimum deductible: USD1,000 each and every loss / each and every vehicle, all perils
  • Deductible buy-backs and aggregate deductible programmes available
  • Trailer Interchange Coverage (physical damage on non-owned trailers in insured's care, custody and/or control)
  • Contingent auto liability, contingent cargo liability, non-trucking liability and freight forwarders contingent coverages may also be available

Email applications can be made using the format on our application form. Underwriters will require all information set out in the sample Proposal Forms, together with Motor Vehicle Records (MVRs) for all drivers within 30 days of binding.

Please note that Underwriters reserve the right to amend terms upon receipt of MVRs if they are unsatisfactory. This may include increased deductibles, driver exclusions, or in some cases cancellation of the policy.