Reducing Insurance Costs

REDUCING THE COST OF LIABILITY INSURANCE

The unique and compelling value proposition of Federal Motor Carrier Risk Retention Group’s product is a result of our innovative structure: our offering is based on a self-insurance arrangement for the most predictable portion of each loss. Our approach, combining the benefits of risk retention groups and self insured retentions allow the trucker insured to participate in the underwriting profits or losses and the investment results of the insurance company, with the primary goal of lowering insurance costs. This allows us to employ the sophisticated techniques previously available to only the largest truck fleets, in a cost effective manner to the medium size truck fleet. We utilized proprietary actuarial data, proprietary operating software, sophisticated actuarial techniques, and substantial industry and regulatory knowledge to develop an insurance product that further attempts to lower the carriers’ insurance costs.

Federal Motor Carrier Risk Retention Group believes it is the only company providing this specialized insurance product to the commercial trucking market. We have assembled the highest quality professional claims handling, actuarial support, underwriting, loss control, and reinsurance for the benefit of our member insured truck fleets.