For pre-approved retail agents and brokers with a solid book of Security accounts, RLI Transportation actively welcomes security insurance risks.
Security Specific Criteria
- $10,000 minimum premium
- Our focus is on hard to place security risks.
- Fleets typically include: Private Passenger, Light/Medium Trucks and/or Armored Cars
- Local/Intermediate radius preferred
- Risks with armed and unarmed guards are acceptable
- Operations typically include security staffing & placement, security installation, security training or ATM processing/servicing/repair/maintenance
- Accounts with both frequency and severity issues are not a fit
Ineligible Operations
- Accounts transporting valuables in non-armored cars
- Risks that detain suspects or have cages/vehicle alterations in the back seat
- Insureds that have less than one year of operating experience
Additional Coverages Offered
Hired and Non-Owned Liability
- Can be standalone* or in addition to fleet coverage
- Accounts with large non-owned exposure is preferred
- Large Independent contractor exposures are not a fit
*Standalone hired & non-owned is not available in: ME, MT, TX, MA, LA, HI, NM, NY and AK.
Submission Clearance Requirements
- ACORD 125 and ACORD 137
- A completed RLI New Business Questionnaire
- Vehicle schedule with garaging city/state, year/make/model, specific use, seating capacity, disclosure of any modifications or permanently attached equipment and stated amount values (in Microsoft Excel format if possible)
- Four years of currently valued hard copy loss runs with details on all losses over $25k
- Drivers list with date of birth, date of hire, driver’s license number and state (in Microsoft Excel format if possible)
Additional Requirements
- Two most recent year-end, audited financial statements, balance sheet and income statement**
- Current MVRs for all drivers
- Acceptable loss control phone inspection or digital risk review
Access our Digital Risk Review
**Please note, if financial statements do not meet RLI minimum guidelines, we will not be able to offer a quote.
We may be able to waive financial requirements if annualized premiums are under $250,000 with an average or above average loss control rating.
Coverage Territory Limits
RLI offers coverage throughout the U.S. with the following exceptions:
- Policies cannot be domiciled in MA, LA, MT, HI, NM, NY, AK
- Hired and non-owned only policies cannot be domiciled in the above listed states or in ME or TX
- RLI is not targeting Security insurance risks in South Florida, South Texas, Los Angeles County in California, San Francisco County in California or Cook County in Illinois