One80’s highly specialized Transportation Threat Protect program provides tailored insurance coverage to commercial transportation clients that cross the border between the USA and Mexico
BOSTON, Mass. — August 18, 2020 — One80 Intermediaries (One80), a national wholesale insurance broker and program manager headquartered in Boston, today announced the launch of the Transportation Threat Protect (TTP) program.
TTP protects commercial drivers and transport operations from the growing risk of hijack, kidnap, malicious detention and extortion on the border between the USA and Mexico. The highly customized insurance program offers risk mitigation, reimbursement of ransom costs, public relations support and access to a market leading crisis management consultancy.
“One80 Intermediaries has deep industry experience and expertise in the transportation sector. Our team has provided insurance coverage to cross border trucking risks for decades.” said Matthew F. Power, President of One80 Intermediaries. “With that we recognized the increased risk of hijack and extortion at the border between the USA and Mexico, potentially putting employees’ safety at risk as well as the profitability of their operations. This product was designed for the safety and protection of our transportation clients.”
Transportation Threat Protect helps firms to mitigate risk with online training designed to help the operation and the employees avoid being a target. Access to a global security center and highly specialized crisis consultants are also available if needed to help manage an incident to safe resolution.
Additionally, financial protection provided through this program includes ransom costs, employee salary expenses, travel, accommodation, medical costs and psychiatric care. Public relations support to manage and minimize any reputational damage to the business is also included.
I am excited to partner with One80 Intermediaries on this highly specialized program – We have successfully offered similar coverages to various industry classes throughout the globe. One80’s expertise, service model and relationships have provided us with valuable insights in tailoring this product for the border between the USA and Mexico.– Charlie Hanbury, Head of Partnerships and Portfolios at Hiscox Special Risks
National Sales and Marketing Director
This communication is for informational purposes only. The coverage afforded by the products described herein is subject to and governed by the terms and conditions of each policy issued.
This information may not be used to modify any policy that might be issued. The products described are underwritten by a Hiscox syndicate at Lloyd’s, London, and is available in the USA on a surplus lines basis. The publication and delivery of this information is not intended to be a solicitation by Lloyd’s for the purchase of insurance on any US risk.