TIE brings new insurance product to underserved market [Video]

Trucking companies do not have many options when it comes to insuring their fleets. This lack of capacity and competition in the market has contributed to the sky-high rates that many companies struggle to pay in today’s difficult economic environment.

Transportation Insurance Experts (TIE) is out to change that.

As a managing general agency and wholesale insurance broker focused on the for-hire trucking industry, TIE has experienced rapid growth in both geographic reach and agency partnerships since its founding in 2015. 

Now, TIE is launching another innovative insurance product for this sector. The organization’s new admitted trucking program is representative of TIE’s dedication to bringing more capacity to the underserved trucking insurance landscape. 

This product, which includes auto liability, physical damage coverage and general liability, is specifically tailored for small to midsize operations and will be rolled out through various interactions over the coming months.

“It is supply and demand,” Tyler Christensen, vice president of underwriting at TIE, said. …