ICM Insurance Services.
ICM Insurance Services offers unique, usage-based insurance solutions specifically tailored to meet the needs of companies and independent contractors in the transportation industry. With a firm commitment to creating cost-effective, flexible insurance policies, ICMIS enables these companies to only pay for insurance based on the actual usage, optimizing the value of their insurance expenses.
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ICM Insurance Services provide the following coverage options for transportation companies.
Contingent Liability (CL)
Provides coverage in case an IC is misclassified and deemed an employee by a court.
General Liability (GL)
Protects ICs against claims of bodily injury, property damage, and other liabilities. Example: An IC is delivering and installing a washer/dryer. The IC fails to connect the water lines properly on the washing machine, causing damage to the home. GL would cover the cost of the repair for the water damage to the homeowner.
Motor Truck Cargo (MTC)
Covers the goods being transported by the IC. Example: An IC transports a medical supply shipment. In delivery, the IC is in an accident and the medical supply shipment is damaged. Cargo insurance covers the value of the damaged goods, protecting the IC from a major cost.
Occupational Accident (OA)
Provides ICs benefits for work-related injuries or death. Example: An IC gets out of the vehicle, slips and falls and breaks an arm while making a delivery. OccAcc helps cover medical bills and pays the IC a percent of their earnings while unable to work.
Under Dispatch (UD)
Offers protection while the IC is actively engaged in dispatch duties. Example: An IC is under dispatch and hits a patch of ice, causing the vehicle to skid into a storefront and causing damage to the store. The WUD policy would be in place to respond with liability coverage that may arise from the IC being found at fault for the accident and would cover the cost of repairing the damage to the store, as well as any potential 3rd party injuries resulting from the accident.
Workers Compensation (WC)
Covers the IC under the client’s Workers’ Compensation policy, ensuring they are protected in case of a work-related injury.
Want to see how ICMIS stacks up against other insurance agencies?
When ICM Insurance Services are combined with Openforce's Insuretech solution, customers:
- Gain peace of mind knowing ICs are covered under dispatch.
- Ensure premiums never lapse with auto deduction from Openforce Settllements.
- Eliminate admin burden of tracking individual DEC pages & monitoring expiration dates.
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