The Transportation Practice of The Plexus Groupe covers a variety of risks, domestically and internationally including railroads and rolling stock leasing companies.
We have access to all insurance markets, including London and Bermuda, to ensure capacity and terms. Further, our global business partner network is utilized as needed to place local coverage on behalf of our foreign domiciled clientele.
Client examples from various subsets of the rail road industry segment include:
- Lessors of Rail
- Equipment/Locomotives
- Railroad Contractors
- Railroad Manufacturers, Suppliers, Service Providers
- Shortline and Regional Railroads
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- Terminals and Switching Railroads
- Tourist and Scenic Railroads
- Track/Property Owners
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The Plexus Groupe understands the special needs of the Railroad industry and will develop a risk management program applicable to your operations, including:
- Comprehensive Railroad General Liability: Including, where applicable, FELA, BOL Liability, Foreign Rolling Stock, Passenger Liability, Canadian Employers Liability, and Warehouse Legal. These comprehensive coverages include a broadened definition of “Railroad Accident”, Acts of God, Pollution Liability arising from a “Railroad Accident” and Evacuation Expenses
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- Custom Bonds
- Equipment Breakdown Insurance
- Property Insurance: Including Business Interruption, Contingent Business Interruption, Extra Expense including re-routing expenses
- Railroad Protective Liability Insurance
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