Transit agencies are finding it increasingly difficult to find, purchase, and maintain adequate and affordable insurance coverage for public transit vehicles. The number of smaller insurance providers is decreasing due to the volatile nature and demands of the insurance industry and insurance coverage requirements in general.
NCHRP Research Report 1079: Shared-Risk Insurance Pools for Transit Agencies: A Guide, from TRB's National Cooperative Highway Research Program, explains how insurance pools function, how to evaluate the feasibility of a shared-risk insurance pool, and how to establish and manage this type of pool.
National Research Council. 2023. Shared-Risk Insurance Pools for Transit Agencies: A Guide. Washington, DC: The National Academies Press. https://doi.org/10.17226/27419.
|Chapter 1 - Introduction
|Chapter 2 - Transit Insurance Basics
|Chapter 3 - Phases to Create and Operate a Transit Pool
|Chapter 4 - Continual Improvement
|References and Resources
|Appendix A - Useful Links
|Appendix B - Coverage Matrix
|Appendix C - Fundamental Factors That Contribute to Shared-Risk Pool Success
|Appendix D - Pool Best Practices
|Appendix E - Common Objections to Municipal Shared-Risk Pools
|Appendix F - Challenges Facing Municipal Shared-Risk Pools
|Appendix G - Vehicle Fleet Loss Mitigations and Loss Reduction Practices and Procedures
The Chapter Skim search tool presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter. You may select key terms to highlight them within pages of each chapter.