Solutions for the commercial auto insurance markets.
Your Trusted Partner in Commercial Trucking Insurance
At Nexus Risk, we specialize in providing comprehensive and tailored insurance solutions for the commercial trucking industry. As a Managing General Agent (MGA) with extensive experience in administering trucking insurance programs, we currently manage an Auto Liability Program for Pegaso Risk Retention Group, covering a wide range of risks across multiple states.
We understand that every mile you drive comes with risk, and protecting your business is our priority. Whether you operate a small fleet or are an owner-operator, our tailored coverages—including Auto Liability, General Liability, and Motor Truck Cargo—are designed to provide the security you need to keep your business moving. With a focus on the unique needs of commercial motor carriers, we offer:
- Coverage for fleets up to 75 units
- Flexible liability limits up to $1,000,000
- Options for Reefer Breakdown and Trailer Interchange
- Our program is tailored to meet the needs of trucking businesses operating locally, regionally, and nationwide.
Auto Liability
In trucking insurance is a type of coverage mandatory that protects trucking companies and drivers in the event they are held responsible for causing an accident while operating a commercial vehicle. It consists of two main components:
Bodily Injury Liability: Covers the costs associated with injuries sustained by other people (drivers, passengers, pedestrians) if the trucking company or its driver is at fault in an accident. This includes medical expenses, rehabilitation, lost wages, and even legal defense if the injured party decides to sue.
Property Damage Liability: Covers the cost of repairing or replacing property (vehicles, buildings, road structures, etc.) damaged in an accident where the truck driver is deemed responsible.
Bodily Injury Liability: Covers the costs associated with injuries sustained by other people (drivers, passengers, pedestrians) if the trucking company or its driver is at fault in an accident. This includes medical expenses, rehabilitation, lost wages, and even legal defense if the injured party decides to sue.
Property Damage Liability: Covers the cost of repairing or replacing property (vehicles, buildings, road structures, etc.) damaged in an accident where the truck driver is deemed responsible.
Motor Truck Cargo
This coverage is requested mainly by Trucking For Hire, Common Carrier or Authorization For Hire businesses, since the cargo belongs to a third party, and this will require the insured to have this coverage to cover the cargo. The limits are assigned by the company that supplies the cargo to the insured, these range from $5,000 to $500,000 , but in most cases the requested limit is: $100,000.
We aim to expand our product and service offerings by developing new insurance programs
At Nexus Risk, we are continuously seeking strategic partnerships with additional insurance carriers to expand our product offerings and better serve the evolving needs of our trucking clientele. As we broaden our market capabilities, we are preparing to offer PhD (Physical Damage) and MTC (Motor Truck Cargo) coverage through expanded specialty insurance markets. If you are an insurance carrier looking to provide competitive solutions for a growing trucking portfolio, we welcome the opportunity to explore potential partnerships.
Our current administered program maintains impressively low loss ratios, reflecting our disciplined underwriting approach, strong profitability, and commitment to effective risk management.
• Proven MGA with a strong track record of underwriting profitability and long-term carrier relationships
• Innovative insurance programs designed to meet regulatory and operational demands
• Opportunities to administer specialized trucking insurance solutions across a growing client base