Trisura provides specialized insurance solutions for the trucking industry, largely focusing on high-hazard, niche, or complex risks through a specialized program structure (often utilizing MGAs) and direct underwriting. Trisura operates with an A- (Excellent) A.M. Best rating and focuses on customized coverage for corporate clients in Canada and the U.S..
Trucking Program Appetite
Trisura’s appetite for trucking risks is generally aimed at established, safety-conscious carriers with complex needs, rather than high-volume standard risks.
- Target Risks:
- Fleet Size: Typically ranges from 15 to 150+ power units.
- Operating Radius: Long-haul/unlimited radius coverage is available.
- Specialty/Hard-to-Place: High-hazard cargo, specialized logistics, and risks requiring tailored, non-standard coverage.
- Operational Structure: 90% or more owner-operated fleets.
- Experience: Generally prefers fleets with 4 or more years in business.
- Coverage Focus:
- Commercial Auto (Primary Liability).
- Excess/Umbrella Liability (High limits, often acting as a key player in excess towers).
- Cargo and Property Coverage.
- Key Requirements:
- Technology Adoption: Dash cameras and telematics are required (often provided with subsidies).
- Driver Standards: High safety standards, with minimum driver age often around 23 and requiring 2+ years of CDL experience.
Ideal Customer Profile
The ideal trucking customer for Trisura is a professional, safety-conscious operator who views insurance as a partnership rather than a commodity.
- Safety-Focused: Carriers with strong safety records, active compliance management, and a willingness to utilize technology (cameras, GPS) to monitor and improve performance.
- Specialized Logistics: Companies handling complex logistics, specialized, or hazardous cargo that requires tailor-made insurance solutions.
- Canadian/U.S. Domiciled: Canadian companies with U.S. exposure, or U.S. programs requiring specialized fronting.
- Mid-Size to Large Fleets: Operators requiring tailored, high-limit, or specialty coverage rather than standard, low-premium auto policies.
Program Highlights
- Capacity: Up to $20M in casualty limits.
- Minimum Premium: Targets start around $7,500, with $2,500 for smaller, stand-alone lines.
- Flexibility: Offers short-term policies and contract-specific coverage.
- Partnership Approach: Underwrites on an account-by-account basis.
