Transportation Alternative Risk Plan (TARP)

Transportation Alternative Risk Plan (TARP) is an insurance captive comprised of local and like-minded individuals from the trucking industry. Based on nearly 20 years of program loss data, TARP allows each participating company to better manage losses and control insurance costs.

Benefits of the TARP captive:

• Establishes a culture of loss prevention among member companies.
• Bases premiums on each member’s individual losses, despite being a group captive.
• Offers lower-than-industry-average collateral requirements.

Pre-Qualification Criteria

• 50+ power units and domiciled in the Midwest.
• Financially sound company.
• Profitable five-year loss history.
• Strong risk tolerance.
• Willingness to share risk with the group.
• Sound management, hiring, and risk management practices.