Zurich and insurtech managing general underwriter Vindati have launched a new stand-alone Motor Truck Cargo (MTC) program now available to for hire common and contract truckers.
Written through an exclusive agreement between Zurich and Vindati, the coverage insures against the risks of direct physical loss to covered property while in transit, loading or unloading; and while at a terminal or dock awaiting final distribution. The unbundled MTC coverage meets the U.S. DOT MTC requirements for cargo load pick up.
Zurich offers coverage to industries ranging from agriculture to construction. Zurich North America is part of Zurich Insurance Group, a multi-line insurer that serves its customers in global and local markets.
Vindati specializes in specialty products for small to mid-sized businesses and an integrated shopping experience for brokers, both traditional and digital. Its first products are contractors equipment, builder’s risk and farm/ranchowners packages. Long-term plans include expansion to a range of business products, including commercial articles and warehouse legal. It is backed by Innovisk Capital Partners.
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