Motor Transport Mutual Risk Retention Group (MTM RRG) is a specialized, member-owned insurance company designed specifically for the trucking industry, offering primary Auto Liability and General Liability insurance. MTM RRG is managed by Motor Transport Managers and provides coverage to trucking businesses that might struggle to find affordable insurance in the traditional market, often including new ventures and owner-operators.
MTM RRG Trucking Program Appetite Guide
- Coverages Offered: Auto Liability and General Liability only. Note: They generally do not cover physical damage/collision or cargo.
- Target Classes: Long-haul trucking, for-hire carriers, and general freight trucking.
- Specialty Niches: Auto haulers and intermodal (UIAA endorsement) are accepted.
- Geography: Available in 48 states (excluding Florida and Massachusetts), with New York now open.
- Fleet Size: No minimum or maximum fleet size, ranging from single owner-operators to large fleets.
- Experience: 1 year of CDL experience required.
- Time in Business: New ventures are accepted.
- Limits: $1,000,000 Auto Liability Limit.
- Turnaround: 24-48 hour turnaround on quotes for 1-10 vehicles.
Ideal Customer Profile
The ideal customer for MTM RRG is a professional, safety-minded trucking company that may be overlooked by standard carriers.
- Risk Profile: Sound risk management, good loss history, and stable operations.
- Operational Type: Long-haul, regional, or, in some cases, specific last-mile delivery operators.
- New Ventures: Often an ideal market for new trucking companies.
- Need: Companies seeking affordable liability coverage without strict prior book requirements.
Key Features
- Reinsurance: Backed by Lloyds of London, rated A- (Excellent) by A.M. Best.
- Structure: As a Risk Retention Group (RRG), it is member-owned, allowing for tailored coverage and, often, more competitive pricing than traditional insurance for the industry.
- Flexibility: No mileage restrictions.
