We provide an alternative to agents in the underwriting of risks and placement of specialty insurance.
Commercial Truck Insurance
We are domiciled in the State of Alabama and are currently accepting business in Alabama, Arkansas, Arizona, California, Colorado, Georgia, Illinois, Kansas, Louisiana, Missouri, Mississippi, New Jersey, Nevada, New Mexico, North Carolina, Oregon, Pennsylvania, Texas, Tennessee, Utah, Virginia, West Virginia and Washington.
Learn More About This Comprehensive Coverage
Our goal is to provide our retail agents with a state-of-the-art underwriting platform, competitive rates and unparalleled customer service. Our team of underwriters bring 90+ years’ experience in commercial auto liability “wheels” based business. Park Wood Risk Retention Group, Inc. has purchased a 98% quota share reinsurance treaty from Technology Insurance Company, Inc. (NAIC # 011234). Technology Insurance Company, Inc. is a part of the AmTrust Financial Services, Inc. group of reinsurance companies (AFSI) which is rated “A-” (Excellent), by A.M Best with a Financial Size Category “XV” ($2 Billion or greater) and the participation is 100%.
Park Wood Risk Retention Group, Inc. was formed to provide affordable commercial auto liability insurance to new venture trucking owner operators and small trucking fleets (up to 5 units) engaged in intermediate to long-distance trucking. Source: Holman Acquires Park Wood Managers
Frequently Asked Questions
Every organization’s needs are different. Once your business’s goals and concerns are communicated, Holman can help you identify the right coverage for your fleet. Auto Liability, Personal Injury Protection, Medical Payment Coverage, and Coverage for Uninsured/Underinsured Motorists are all available options.
An auto liability insurance policy helps cover the financial responsibility for bodily injury and property damage liability exposure. It protects truckers by covering many different types of harm that they can unintentionally inflict on others and their property. This includes accidental damage to a retailer’s delivery dock and other drivers, vehicles, and pedestrians.
In most states, a minimum amount of commercial auto liability insurance – also referred to as “Proof of financial responsibility” – is required. In addition, some states also require medical payments coverage, personal injury protection, and uninsured or underinsured motorist to protect you when the at-fault driver is unable to pay the total cost. Ultimately, incorporating liability and cargo insurance helps to shield your fleet against various types of risk.