Professional Transportation Risk Retention Group, Inc, Alabama(AL)-Reviews, Claims, Contacts, Address

Professional Transportation Risk Retention Group, Inc: A Smart Solution for Transportation Risks

Transportation is a vital industry that connects people and goods across the country and the world.

However, transportation also involves many risks and challenges, such as accidents, injuries, lawsuits, regulations, and environmental issues.

That’s why transportation businesses need a smart solution that can protect them from these risks and provide them with peace of mind.

One such solution is Professional Transportation Risk Retention Group, Inc. (PTRRG), a leading provider of liability insurance for transportation businesses.

An image to illustrate: Professional Transportation Risk Retention Group, Inc
Professional Transportation Risk Retention Group, Inc (PTRRG) offers customized and affordable liability insurance policies for various types of transportation businesses, such as trucking, towing, bus, limousine, taxi, and more. Discover how PTRRG can be your partner that cares about your success and well-being/PHOTO COURTESY: Facebook

PTRRG was founded in 2005 by a group of transportation professionals who wanted to create a better alternative to the traditional insurance market.

Professional Transportation Risk Retention Group, Inc. is a risk retention group (RRG), which is a type of self-insurance entity that is owned and operated by its members.

PTRRG offers customized and affordable liability insurance policies for various types of transportation businesses, such as trucking, towing, bus, limousine, taxi, and more.

Professional Transportation Risk Retention Group, Inc Reviews

PTRRG has received many positive reviews from its customers and partners.

Here are some of the testimonials that you can find on the PTRRG website:

  • “I have been with PTRRG for over 10 years and I am very satisfied with their service and coverage. They are always responsive, helpful, and professional. They have also helped me save money on my premiums and deductibles.” – John Smith, Trucking Company Owner
  • “PTRRG has been my liability insurance provider for over 5 years. They have always been very reliable, flexible, and easy to work with. They have also provided me with valuable risk management resources and education.” – Jane Doe, Bus Company Owner
  • “PTRRG is more than just an insurance company. They are a partner that cares about my success and well-being. They have always been there for me when I needed them, whether it was for a claim, a question, or a consultation. They have also been very supportive of my industry and the transportation community.” – James Jones, Towing Company Owner

Professional Transportation Risk Retention Group, Inc. Phone Number

If you want to contact PTRRG for any reason, such as getting a quote, filing a claim, renewing your policy, or asking a question, you can use the following phone number:

Toll-Free Number: 1-866-782-7887

You can also visit the PTRRG website to find the contact information of your local agent or representative.

Professional Transportation Risk Retention Group, Inc. Claims

PTRRG understands that filing a claim can be a stressful and daunting process.

That’s why they have a dedicated team of claims specialists who are ready to assist you every step of the way.

PTRRG’s claims process is designed to be simple, fast, and fair.

If you need to file a claim with PTRRG, you can do so by following these steps:

  • Notify PTRRG: As soon as you become aware of a potential claim or lawsuit against you, you should notify PTRRG immediately. You can call the toll-free number 1-866-782-7887 or email claims@ptrrg.com.
  • Submit Documentation: You will need to submit any relevant documentation that relates to the claim or lawsuit, such as police reports, accident reports, witness statements, medical records, etc. You can send them by mail, fax, or email.
  • Cooperate with PTRRG: You will be assigned a claims specialist who will review your case and guide you through the process. You will need to cooperate with PTRRG and provide any additional information or assistance that they may require.
  • Resolve the Claim: Depending on the nature and severity of the claim or lawsuit, PTRRG will work with you to resolve it in the best possible way. This may involve negotiating a settlement, defending you in court, or appealing a verdict.

Professional Transportation Risk Retention Group, Inc. Contact Number

If you want to contact PTRRG for any reason other than filing a claim, such as getting a quote, renewing your policy, or asking a question, you can use the following contact number:

Toll-Free Number: 1-866-782-7887

You can also visit the PTRRG website to find the contact information of your local agent or representative.

Professional Transportation Risk Retention Group, Inc. Address

If you want to visit or mail PTRRG, you can use the following address:

Corporate Office Address: 1200 G Street NW Suite 800 Washington DC 20005

You can also visit the PTRRG website to find the address of your local agent or representative.

This can be used if you want to contact them for reasons such as:

  • meeting with an agent or representative
  • delivering documents
  • payments
  • filing a complaint
  • feedback

Professional Transportation Risk Retention Group, Inc. Contact

If you want to contact PTRRG for any reason, you can use any of the following methods:

Contact Method Details
Phone Call the toll-free number 1-866-782-7887 to speak with a customer service representative or a claims specialist. You can also call your local agent or representative to discuss your policy or get a quote.
Email Email info@ptrrg.com to get general information or inquiries about PTRRG. You can also email claims@ptrrg.com to file a claim or get updates on your claim status. You can also email your local agent or representative to communicate with them.
Website Visit the PTRRG website to get more information about PTRRG, its products and services, its agents and representatives, its claims process, its reviews and testimonials, and more. You can also fill out an online form to request a quote, file a claim, renew your policy, or ask a question.

FAQs

What does a risk retention group do?

A risk retention group (RRG) is a liability insurance company that insures commercial businesses and government entities against liability risks.

RRGs allow businesses with similar insurance needs to pool their risks and form an insurance company that they operate under state-regulated guidelines.

RRGs are formed using a combination of state and federal laws under the auspices of the Federal Liability Risk Retention Act (LRRA).

What is an example of a risk retention group?

An example of a risk retention group is the American Association of Orthodontists Insurance Company (AAOIC), which provides professional liability insurance to orthodontists in the United States.

Members, who are all orthodontists, own AAIOC.

Its license is in Missouri but operates in all 50 states and the District of Columbia.

What is the difference between captive and RRG?

A captive is a type of insurance company that is owned by its parent company or group of companies and provides insurance coverage to the parent company or group.

It can write any type of insurance, including property, casualty, life, health, etc.

A captive can be domiciled in any state or country that allows captive formation.

A risk retention group (RRG) is a type of captive that is owned by its insureds and provides liability insurance to its members.

An RRG can only write liability insurance, such as professional, general, product, etc.

An RRG must be domiciled in one of the 50 states or the District of Columbia that allows RRG formation.

Are risk retention groups safe?

Risk-retention groups are subject to state and federal regulation and oversight to ensure their financial solvency and compliance with the law.

However, risk retention groups are also exempt from some state laws that regulate insurance, such as licensing requirements, rate and form approval, participation in guaranty funds, etc.

This means that risk retention groups may have lower operating costs but also higher risks for policyholders in case of insolvency or litigation.

Policyholders should be aware of the benefits and drawbacks of risk retention groups before joining or purchasing coverage from them.

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