What are Cover Whale's guidelines and appetite?
Our guidelines/appetite are as follows:
Auto Liability
- Targeting 1-25 power units at bind
- Growth of two additional power units per quarter is allowed once the policy has been bound
- Dashcam or ELD is required for Auto Liability
- Two years minimum driving experience with a similar vehicle
- New Ventures with 5+ units must receive written underwriting approval before binding
- No vehicles below 6,001 pounds
- All drivers and vehicles must be scheduled to extend coverage
- Tractors and trailers must be newer than 23 years old
- No more than 3 cancellations in the previous year
Auto physical damage, motor truck cargo, non-trucking liability, and general liability guidelines
- Targeting 1-75 power units
- Risks can be written as a package or on a standalone basis
- Two years minimum driving experience with like vehicle
- Tractors and trailers must be newer than 23 years old
- Refrigeration breakdown is available if trailers are less than 10 years old
- $7,500 towing and storage limit (APD) included with options up to $25,000
Exclusions and Ineligible Cargo and Operation Types:
Upon binding coverage, Cover Whale flags ineligible cargo and operations. Please note that bound policies that include Cover Whale and SAFER exclusions are subject to cancellation.
Cover Whale Exclusions:
- Ambulance, EMT, Mobile Blood Banks
- Armored Cars
- Arms, Ammunition, Fireworks
- Boat Haulers
- Automobile Dismantlers
- Boom Trucks
- Brokerage
- Cannabis Haulers
- Carnivals, Circus
- Cement Mixers, Pumpers
- Coal Haulers
- Contractors, Contractor Equipment Mobile Equipment
- Cotton Haulers
- Courier Services, magazines, news delivery, parcel, film delivery
- Double or Triple Trailers
- Drive Away, Transporter Plates
- Driving Schools
- Egg Haulers
- Fast food delivery, including restaurant take-out delivery
- Final Delivery
- Freight Brokerage
- Garbage/Refuse
- Hazmat, Nuclear, Biological
- Household Good Movers
- Livery Operations
- Livestock Transporters
- Logging Operations
- Milk Haulers
- Mobile cranes, Vehicles with buckets
- Mobile Home Toters
- Mobile Home Toters, Building Movers
- Municipal
- Operating outside of US
- Operations using double/triple trailers
- Oversized/Overweight haulers
- Owned Units, Rented or Leased to Others
- Private Passenger Vehicles
- Public Livery: Buses, taxis, black car, rideshare, shuttle, day care, church
- Rental Leasing, Demo Vehicles
- Residential Delivery
- Salvage, Scrap Metal
- Steel Dealers
- Tankers Hauling Flammable Liquids
- Towing/Repossession,
- Vendor Trucks
Ineligible SAFER cargo selections:
- Agricultural/Farm Supplies
- Chemicals
- Construction
- Drive/Tow away
- Garbage/Refuse
- Liquids/Gasses
- Livestock
- Mobile Homes
- Oilfield Equipment
- Passengers
- Utilities
- Water Well
Ineligible SAFER operation selections:
- Exempt For Hire
- Fed. Government
- Indian Nation
- Local Government
- Migrant
- Private (Property)
- Private Passenger (Business)
- Private Passenger (Non-Business)
- State Government
These guidelines help identify the types of risks that Cover Whale is most suitable for, ensuring that we can provide the best coverage for our clients.