Saving on Bus Insurance in Wisconsin: Joint Vehicle Insurance Program Implementation

Details

• Creators:
  Kaddatz, Michael M.
• Corporate Creators:
  Warren, McVeigh, & Griffin, Inc. ; United States. Urban Mass Transportation Administration
• Corporate Contributors:
  United States. Department of Transportation. Office of the Secretary
• Subject/TRT Terms:
  • Insurance
  • Insurance claims
  • Joint use
  • Legal factors
  • Loss and damage claims
  • Law
  • Operations and Traffic Management
  • Public Transportation
  • Safety and Human Factors
• Publication/ Report Number:
  DOT-I-82-19 Final Rpt.
• DOI:
  https://doi.org/10.21949/1527406
• Resource Type:
  Tech Report
• Geographical Coverage:
  Washington (District of Columbia);United States
• Edition:
  Final Report
• Corporate Publisher:
  United States. Department of Transportation
• Abstract:
  The purpose of this report is to outline the process used to implement a Joint Vehicle Insurance Program for municipal transit systems in the State of Wisconsin. This project is a follow-up to the Vehicle Insurance Study performed for the Wisconsin Department of Transportation. Phase I revealed that most transit systems insurance was inadequate, both in limits of liability and coverage terms. A joint purchase program was recommended to reduce insurance costs and improve coverage scope. Phase II resulted in the formation of the Wisconsin Municipal Transit Insurance Commission. The Commission is providing a vehicle insurance program for 14 Wisconsin municipal transit systems who have saved almost $275,000, or approximately 47%, over the costs of their expiring programs. In addition, the services and coverage of the program are designed for the municipal transit exposures. The existence of the program should result in a long-term, low-cost, stable source of insurance for participating municipalities.
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/612/dot_612_DS1.pdf
• File Type:
  [PDF - 3.81 MB]
• Collection(s):
  FTA 50th Anniversary Collection
• Main Document Checksum:
  urn:sha256:ea99f7b258a7ed72d88f7f1322e4d4039147b222534e6b243eff410382c03f2c