RB Jones introduces insurance for trucking and specialized haulers
Feb 21, 2025 (Insurance News, Camille Joyce Lisay) RB Jones introduced a new motor truck cargo insurance solution, delivering up to $1 million in coverage limits.
The offering provides coverage for motor carriers' liability when cargo in their care is lost or damaged.
Backed by Atain Insurance Companies, coverage extends to traditional cargo haulers as well as specialized operations including automobile haulers, driveaway contractors, flatbed/steel haulers and wrecking/towing operations.
"Our new product stands among the most comprehensive available, combining broad coverage with extensive market appetite," said Mike Perrotti, RB Jones director of inland marine. "The solution leverages our sophisticated underwriting and industry expertise to create a significant competitive advantage."
Perrotti, who joined RB Jones in December to lead inland marine growth and product development, brings over 13 years of experience from AXA XL where he most recently served as chief underwriting officer for Marine North America.
"Joining a well-capitalized private organization presented a unique opportunity," Perrotti said. "RB Jones maintains an agile approach and growth focus, operating with Atain's full support. Launching this product so quickly after joining demonstrates our tremendous potential."
The company's partnership with Atain Insurance Companies is part of its strategy to work with reputable carriers to deliver coverage options.
The motor truck cargo product likewise aims to address a critical market need while showcasing RB Jones' underwriting niche.
With Perrotti's leadership and Atain's backing, the company aims to expand its specialty insurance offerings and market presence.