In this highly regulated and challenging industry, Marsh’s dedicated team of transportation veterans offers a complete risk finance and workforce solution to enhance operations and maintain business stability.
US$500+ million in premium for 300+ US clients in 2014… clients include 52% of top 25 US logistics firms, 23% of top 50 US for-hire carriers
By taking a proactive approach to fleet safety management, you can effectively protect the health and safety of your employees and your business.
Whether managing a fleet or operating independently, transportation executives face ever-changing business conditions. Fleet safety is of paramount importance, especially given the trend toward larger liability verdicts and settlements. And finding and retaining quality drivers is often a challenge.
The fleet consulting experts in Marsh’s Transportation Practice — many of whom are transportation industry veterans — know these issues well. Supported by industry-leading data and analytics and predictive modeling tools, they provide insights that help you understand your risk exposures, and the approaches to manage them.
Our services go beyond insurance, to delivering a total risk finance and workforce solution. For example, our proprietary wage-and-hour coverage helps you avoid costly reclassification of independent owner/operators as company employees. Our Marsh Sponsored Programs (MSP) administration platform transfers coverage for property, casualty, comprehensive, and liability policies. We can also help sidestep potential class-action suits by teaming with Mercer, another operating company of Marsh & McLennan Companies, on employment and labor issues.
Marsh can develop an innovative program of alternative risk solutions that helps protect your balance sheet, optimize operations, and increase stability and budget predictability — while minimizing total cost of risk
To help you manage a chronic shortage of drivers, Marsh’s Transportation Practice offers multiple programs to help find, manage, and reward drivers — and reduce the associated risks. Our solutions include:
Employing a broad, consultative approach, we can help you find, select, train, and retain quality drivers, both salaried and independent.
Our consulting solutions can help improve your bottom line by dramatically reducing unsafe driving and its costs.
To increase driver morale and reduce turnover, we can help design or enhance a program for acknowledging and rewarding your drivers' efforts.
As the risks of operating motor vehicle fleets continue to rise, so do your costs. Marsh's Transportation Practice offers solutions to help reduce both, including:
Marsh’s Fleet Hazard Control services team helps you minimize and manage risks related to a variety of fleet types. We’ll assess your operations and solve difficult fleet safety problems.
Our transportation experts offer numerous organizational and operational business services covering fleet safety, driver training, loss prevention, asset utilization, growth strategies, and driver retention.
Create a captive insurance company and gain greater premium stability, control over claims, investment income, and, in some cases, tax benefits. Your captive can provide workers' compensation, general liability, automobile liability, and physical damage coverage.
Amid a shortage of drivers, many of today’s fleets employ independent operators. Marsh's Transportation Practice can help strengthen your links to contracted drivers with:
If company drivers seek to go out on their own via a lease purchase plan, Marsh can provide them with crucial business training on how to become a successful independent contractor.
Marsh’s Independent Contractor Financial Services Center helps you maintain an arm’s-length relationship with independent contractors, while offering them insurance, investment options, and business consulting.