Lexington Insurance Company has launched Lexington Truck Broker Liability Insurance, a primary liability insurance policy that addresses liability risks of truck brokers.

A recent federal court decision ruled that shippers and brokers failing to use reasonable means to perform background checks on motor carriers before they are retained could be liable for accidents caused by the motor carriers.

In response to the increased liability risks, Lexington designed Truck Broker Liability Insurance to provide bodily injury and property damage liability coverage to protect the truck broker if the broker is brought into a legal action caused by a truck accident involving a motor carrier.

Lexington Truck Broker Liability Insurance is part of the AIG Transportation Solutions practice, and adds to AIG Commercial Insurance’s suite of insurance products for the transportation industry, ranging from primary and excess auto liability to cargo and vehicle physical damage coverage.