Railroad Segment Overview

If you operate a railroad, lay some tracks for Gemini Transportation Underwriters. We can provide liability insurance for virtually any category or size of operator.

With Gemini Insurance Company’s financial strength rating of “A+: XV” from A.M. Best Company, you can feel secure that we will fulfill the promises as provided by our insurance policies. Since its founding in 1967, W. R. Berkley Corporation has provided a stable and consistent market for the customers it insures. Now, we provide that same stability and consistency for railroad operators.

Given our intention to specialize in this market for the long haul, we can offer the coverage you need. Our talented professionals have over 10 years of actual underwriting experience from Class I rails to heavy-rail commuter systems. This expertise allows us to maintain a broad and deep risk appetite. We strive to understand the individual needs of your business and customize our insurance policy coverage to meet your expectations.

Click on the tabs below for descriptions of the railroad policies we offer. Ask your broker which policy is right for you.

Claims Made Stand Alone Excess Liability policy form - US Style

This claims made policy is traditional in nature and is designed to apply above a self-insured retention. This policy will respond to paid losses greater than the self-insured retention.

Claims Made Stand Alone Excess Liability policy form - Bermuda Style

This claims made policy is crafted in the style of the Bermuda XL-004 policy form. It can be used to be the first policy over a policyholder’s self-insured retention or can be used in subsequent excess liability layers.

Claims Made Follow Form Excess Liability policy form – U.S. Style

This claims made policy is also traditional in nature, but is somewhat more concise as the terms and conditions basically reflect the terms of the policy of the first layer (‘lead policy’). This form will follow all the terms and conditions of the lead policy unless specifically endorsed and will respond to losses only after limits of the lead policy have been exhausted.

Claims Made Excess Liability policy form – Reinsurance Certificate

This policy form is used to reinsure a policyholder’s captive insurance company. The terms of the certificate may be written to follow all terms and conditions of the captive’s insurance policy or may be tailored to include terms that may not be in accordance with the original policy terms.

Any description of policy forms is a general outline of the policies and is subject to change. Specific terms and conditions of any policy are only set forth in the actual policy issued and are governed solely by its express terms and conditions.