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The UIIA, or Uniform Intermodal Interchange Agreement, is a standard contract that outlines the rules for the interchange of equipment between intermodal trucking companies and equipment providers (ocean carriers, railroads, and equipment leasing companies). Participation in the UIIA increases operational efficiencies and eliminates the need to manage multiple interchange contracts and insurance filings.
The UIIA requires that all participating motor carriers maintain certain levels of insurance coverage. This includes:
- Commercial general liability insurance with a limit of $1 million per occurrence
- Trailer interchange insurance with limits and deductibles that vary by equipment provider
- Motor truck cargo insurance with limits of $100,000 and some UIIA equipment providers may require higher cargo insurance limit. JDW can you help you.
In addition to these minimum requirements, some equipment providers may require additional insurance coverage. For example, some may require motor carriers to maintain workers’ compensation insurance or cargo theft insurance.
The UIIA also requires that all participating motor carriers submit proof of insurance to the UIIA. This can be done by submitting a copy of the insurance certificate to the UIIA website or by sending it to the UIIA by mail.
Participating in the UIIA is a great way for intermodal trucking companies to improve their operational efficiency and reduce their risk. By meeting the UIIA’s insurance requirements, motor carriers can ensure that they have the necessary coverage in place to protect themselves in the event of an accident or loss.
Here are some additional details about the UIIA insurance requirements:
- Commercial general liability insurance: This insurance covers bodily injury and property damage liability arising out of the motor carrier’s operations. The minimum limit is $1 million per occurrence.
- Trailer interchange insurance: This insurance covers physical damage to non-owned equipment while it is in the motor carrier’s care, custody, and/or control. The limits and deductibles vary by equipment provider.
- Motor truck cargo insurance: This insurance covers loss or damage to cargo while it is in the motor carrier’s possession.
- Auto liability – $1,000,000 in coverage with the required hired auto coverage
The UIIA also requires that all participating motor carriers submit proof of insurance to the UIIA. This can be done by submitting a copy of the insurance certificate to the UIIA website or by sending it to the UIIA by mail.
If you are an intermodal trucking company, I encourage you to learn more about the UIIA and consider participating in the program. The UIIA can help you improve your operational efficiency and reduce your risk.