Railroad Protective Liability Insurance : Getting RRP Insurance Coverage
Railroad Protective Liability Insurance : Getting RRP Insurance Coverage
A CGL policy has a hole in its coverage, which the RRP plugs. Railroad Risk Plan (RRP) purchasers are given separate insurance policies for the named insured railroad.
Who’s Covered in a RRP?
Be aware that the contractor buying a RRP doesn’t get insurance coverage. The RRP only covers the named railroad for two types of losses:
- Third-party bodily injury and property damage resulting from a contractor’s work for which the railroad could be held liable
- Physical damage to the railroad’s property that’s owned or leased, such as tracks or railcars
A RRP works similarly to an owners and contractors protective (OCP) liability policy Insurance companies write RRPs on a project-specific, occurrence-based policy. This means coverage only applies to ongoing operations at a particular job location. When a contractor completes the project, there’s no longer any liability coverage.
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Top 10 Railroad Protective Liability Insurance Websites
1. Railroad Protective Policy | The Hartford
https://www.thehartford.com › insights › construction
Railroad Protective Policy (RRP): Special Insurance That Fills the Gap … The RRP fills the gap in coverage in a CGL policy. A contractor buys a RRP and gets a …
2. Railroad Protective Liability | Insurance Glossary Definition
https://www.irmi.com › term › railroad-protective-liabil…
Railroad Protective Liability — insurance coverage protecting a railroad from liability it incurs because of the work of contractors on or near the railroad …
3. Travelers Railroad Protective Liability Insurance Policy
https://www.travelers.com › general-liability › railroad
The RRP policy protects a railroad from liability it incurs because of the work of the designated contractor on or near the railroad right of way. This covers …
4. What is Railroad Protective Liability? – Blog – TSIB, Inc.
https://blog.tsibinc.com › what-is-railroad-protective-lia…
16-Apr-2019 — A railroad protective liability policy provides coverage for the railroad’s liability or both bodily injury and property damage to third parties …
5. Railroad Protective Liability Insurance | Chubb
https://www.chubb.com › us-en › business-insurance
Railroad Protective Liability insurance is required of contractors who perform work within 50-feet of any railroad-owned property. Learn more here.
6. What is Railroad Protective Liability? – United Shortline …
https://www.unitedshortline.com › what-is-railroad-prot…
Railroad Protective Liability (RRP) insurance is required of contractors who perform work on or around (within 50 ft) of railroad tracks, railroad right-of-way …
7. Railroad Protective Liability Insurance – Marsh
https://www.marsh.com › … › Industries › Transportation
The Railroad Protective Liability Program for new bridge construction, structural repair to bridges, widening of bridges, bridge demolition, and projects over …
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8. Railroad Protective – Hudson Insurance Group
https://hudsoninsgroup.com › products › railroad-prote…
Hudson Insurance Company provides the paper for a Railroad Protective Liability program that offers limits up to $5,000,000 per occurrence / $10,000,000 per …
9. Railroad Protective Liability | CG2417 | Beacon Hill Associates
https://b-h-a.com › blog › railroad-protective-liability
29-Apr-2019 — Railroad Protective Liability polices are usually required for a contract prior to the commencement of work. The railroad may have specific …
10. Risk Management–Railroad protective liability 11/11 – Rough …
https://roughnotes.com › rnmagazine › november2011
A railroad protective policy also commonly includes coverage for physical loss or damage to certain specified railroad property. Producers should find a policy …
