Fiducia has launched a new policy for vehicle transporter businesses as it expands its risk appetite for Freight Liability insurance.

The MGA’s vehicle transportation policy caters for operators of all sizes that move vehicles, from single vehicle transporters to national transportation companies.

This includes on behalf of the manufacturer, dealership, garage or private owner and while operating as a subcontractor for haulage and related companies. The policy also offers sector specific extensions of cover.

Backed by A-rated capacity from a number of leading UK insurers, the expanded risk appetite allows Fiducia to provide cover for a broad range of vehicle transporter businesses.

Commenting on the new policy, Fiducia underwriter David Heeney said: “Many of our broking partners work with vehicle transportation clients, ranging from sole traders to multi-vehicle operators. However they can find it challenging to obtain comparative Freight Liability quotes for these risks.

“By extending our risk appetite to include vehicle transportation, we further support their ability to offer competitive alternative cover, backed by access to our experienced underwriters and high service standards.

“We are looking forward to working with our broking partners who have existing vehicle transportation business due for renewal or who are exploring new business opportunities within this sector.”

Fiducia specialises in freight liability, marine cargo, engineering insurance, combined liability and terrorism covers. The company is 100 per cent backed by leading Lloyd’s syndicates and UK based insurance companies.

Fiducia CEO Gerry Sheehy added: “We understand the need for comprehensive, bespoke and secure insurance protection for vehicles whilst being transported.

“As an MGA, we have built a reputation for our level of service and the ‘can do’ approach to risks and solutions that we take.

“We believe our new vehicle transportation policy will enable us to support our brokers who are looking to access an alternative market for these risks”.