About TripExcess®
TripExcess.com is a website through which members of Spot Excess Purchasing Group, Inc. can apply for excess liability insurance for single trip, one-way deliveries that contain a Bill of Lading (a Bill of Lading is required) or for a single vehicle, regardless of the number of trips. Members can purchase coverage online and send a certificate to the consignee within 5 minutes. It is a fast and affordable alternative to expensive excess liability annual policies. It really is “pay as you go” excess liability insurance. Requirements and restrictions apply.
Spot Excess Purchasing Group, Inc. is an Illinois domiciled Risk Purchasing Group sponsored by Crum & Forster Insurance Brokers, Inc. (“CFIBI”). A Risk Purchasing Group is an entity formed in compliance with the Risk Retention Act of 1986 authorizing a group of insureds engaged in similar businesses or activities to purchase insurance coverage from a commercial insurer. Spot Excess Purchasing Group, Inc. was created to purchase excess liability insurance for Carriers (Transportation Professionals) seeking additional limits in “spot markets” including, but not limited to, one-way trips that contain a Bill of Lading and short-term contracts. The coverage is procured through CFIBI in its capacity as a licensed surplus lines broker, and is provided by an affiliated United States based insurance company of CFIBI that is rated “A” (Excellent) with a stable outlook by A.M. Best Company and who shares a Financial Size Category of Class XV. Membership into Spot Excess Purchasing Group, Inc. is available in all states.
Yes. However, membership is free and easy to obtain if you qualify. Please review the requirements for membership below:
- A valid US CDL (International licenses are not accepted)
- If purchasing Excess Commercial Automobile Liability and Excess Commercial General Liability Coverage:
- A current primary Automobile Liability Policy with a limit of at least $1,000,000 Combined Single Limit with an A.M. Best "A" rated carrier; and
- A current primary General Liability policy with a limit of at least $1,000,000 Each Occurrence and $1,000,000 General Aggregate with an A.M. Best "A-" rated carrier.
- If purchasing Excess Cargo Liability Coverage:
- A current primary Cargo Liability Policy with a limit of at least $100,000 Single Auto/$100,000 Each Occurrence.
In addition, on FMCSA’s SAFER System, Motor Carriers must have: - Satisfactory or None rating for Excess Commercial Automobile Liability and Excess Commercial General Liability Coverage;
- Satisfactory, Conditional, or None rating for Excess Cargo Liability Coverage;
- Active or Authorized Operating Authority; and
- 1 year minimum of active USDOT confirmed on FMCSA
To confirm the above, please visit: https://safer.fmcsa.dot.gov/CompanySnapshot.aspx and enter your USDOT/MC #/NAME.
It's easy. Your membership will be created at the time of your first purchase.
No. Once you setup a user account and approve the warranty statement, your membership remains active so long as you maintain the required criteria. With your user account, you can quote your next load, review previous loads, or book multiple loads.
No. Each member who buys coverage receives a certificate of coverage showing the limit(s) they have purchased. The coverage is not shared or aggregated.
For trip specific coverage, the Coverage Period begins after the receipt of goods or merchandise by the "Certificate of Coverage Holder" at the pick-up location stated on the Bill of Lading and the "Certificate of Coverage".
Coverage terminates at the earliest of the following events:
- when the insured delivers the goods to the delivery location stated on the Bill of Lading;
- the Consignee as stated in the Bill of Lading, or an agent of the Consignee, otherwise takes possession of or refuses such goods or merchandise; or
- the trip is cancelled or terminated for any other reason.
For vehicle specific coverage, the Coverage Period begins:
- on the effective date shown on "Certificate of Coverage"; or
- on the date the coverage is actually purchased/booked;
whichever is later, and continuing up to the expiration date shown in the "Certificate of Coverage".
Yes. Trip
Excess® is open to most commodities and operations, but coverage is not available for hazardous chemicals that require a filing for Excess Commercial Automobile Liability, Excess Commercial General Liability and Excess Cargo Liability Coverages. With regard to Excess Commercial Automobile Liability and Excess Commercial Liability Coverages, there is no coverage for contraband, oversized loads, oilfield related accounts (frac sand/water haulers), logging or any driveaway – towaway operations. With regard to Excess Cargo Liability Coverage, there is no coverage for contraband, cannabis, cannabis-related products, livestock, mobile homes, munitions, US mail, oversized loads, oilfield related accounts (frac sand/water haulers), logging or any driveaway – towaway operations.
No.
Pollution is excluded, however, subject to the retained amount, there is a limited exception for accidents occurring away from the Certificate of Coverage Holder’s premises.
"Coverage territory" means the travel route between the pick-up and delivery locations entirely within the United States of America, including its territories or possessions, the District of Columbia and Canada. However, travel routes may either originate or end in Canada but cannot both originate and end in Canada.
- Strong Domestic paper - A.M. Best rated: "A" XV
- Simple Excess policy with limited exclusions.
- “Real” Insurance. This is a Risk Purchasing Group, so every insured has their own unaggregated limits.
- Pay for only the coverage you need; when you need it.
- Simple and On Demand. You can obtain a quote in just a few minutes, and pay for a policy when the invoice arrives.
- Subject to which option is purchased, TripExcess can provide an additional layer of protection ($2,000,000) to the carrier (trucker).This is not contingent auto or contingent General Liability excess coverage. This is Excess Liability above the carrier’s (truckers) Primary Automobile Liability limit of at least $1,000,000 Combined Single Limit and Primary General Liability limit of at least $1,000,000 Each Occurrence and $1,000,000 General Aggregate. TripExcess also offers an option of an additional layer of protection (with options up to $1,000,000) covering the cargo above the Motor Carrier’s Primary Cargo Liability limit of at least $100,000. The advantage of a TripExcess Excess Liability policy is the cost and convenience of purchasing Excess Liability Coverage by the load paying for the coverage you need when you need it eliminating the need to purchase expensive annual policies.
- TripExcess will allow Load Boards/Brokers to broker loads that require $2,000,000 in Automobile and General Liability limits to their top carriers (trucker) that may only carry $1,000,000 in underlying limits and will also allow Load Boards/Brokers to broker loads that require up to $1,000,000 in Cargo Liability limits to their top carriers (trucker) that may only carry $100,000 in underlying limits.
- If you would like to generate multiple certificates for multiple loads simultaneously, TripExcess.com offers API integration or an Excel-based bulk upload utility. Please visit the API/Bulk link on the homepage or [email protected].
Not all insurance coverages or products may be available in all states and policy terms may vary based upon individual state requirements. Issuance of coverage is subject to underwriting and coverage depends upon the actual facts of each case and the terms, conditions and exclusions of the master policy and each respective certificate of insurance. Any terms or rates reflected herein are for illustrative purposes only and are not intended to reflect actual or proposed rates or terms of any insurance company under any insurance policy or certificate of insurance. Anyone interested in obtaining the specific terms of the insurance coverage should request a copy of the master policy and a certificate of insurance for a description of the scope and limitations of coverage. Products will be offered by a surplus lines insurance company that is not licensed as an admitted insurance company in your state and are therefore only available through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are not protected by such funds, and surplus lines insurers are not always subject to the same insurance regulatory standards applicable to licensed admitted insurance companies.