ATA Featured Member: Transtar Insurance Brokers, Inc.
Since 1963, Transtar has been offering insurance solutions to large businesses, with emphasis on transportation. Transtar develops unique solutions that allow clients to participate in the underwriting profits of the insurance companies as well as to stabilize the cost of risk for their clients. Over the years, Transtar has developed an expertise in assisting clients with managing risk through better safety and claims practices.
Transtar is a true insurance broker for the transportation industry, representing the interest of our clients. The company works directly with the industry’s most highly rated insurance carriers to provide motor carriers with comprehensive and cost-efficient insurance programs. Through its one-stop shop concept, Transtar can offer a multitude of products to its customers, including Auto Liability, Physical Damage, Motor Truck Cargo, Workers’ Compensation, Occupational Accident, Non-Trucking Liability and other coverages. Recently, Transtar implemented a major medical option with guaranteed rates for owner operators–another example of the company’s continuous ability to respond to the unique needs of the trucking industry.
The company has grown both organically as well as through acquisitions, experiencing over a 100% growth in power units insured over the last year. Vice President Kenny Palmer attributes this growth in a soft insurance market not only to Transtar’s broad portfolio of products, but also to the company’s ability to offer long-term insurance programs that are truly unique to the trucking industry. Palmer also says that the company has one of the highest client-retention ratios in the insurance industry.
In 2010, the company began to expand its business model by bringing its alternative risk expertise to mid-sized trucking companies through small deductible programs and unique captive solutions. In early 2011, Transtar ventured out further by focusing not only on large and mid-sized trucking firms, but also on smaller fleets down to one unit. “We now can offer solutions for every trucking company, whether you’re a single owner operator or a large fleet with tens of thousands of units,” says Ken Palmer, President of Transtar.
Transtar’s owner/operator insurance program is ATA’s endorsed program for owner/operator insurance, offering a cost-effective and easily managed menu of insurance coverages to drivers leased on to ATA member companies. Transtar is also the Title Sponsor of ATA’s Leadership Conference golf event and a co-sponsor of ATA/ATEF’s Safety Awards Program and the state Truck Driving Championships.
Transtar has been a faithful member of ATA since March 9, 2009. When asked why Transtar joined ATA, Senior Vice President Jeremy Theisen replied “We have clients that have been members of ATA for several years. They brought to our attention the vast array of value- added services and networking potential companies can get through the association. At this point, we can say our clients were completely accurate.”
Ken Palmer also describes some of the benefits of Transtar’s ATA membership in this way “We have been involved in so many associations over the years, but nothing like the Arizona Trucking Association. We have built many great relationships through the association, some that will last a lifetime. The education we have gained through the association has also been helpful to us. The transportation industry is always evolving and with the help of the ATA we can stay on top of what’s new in the trucking industry,” he said.
Thank you, Ken Palmer, Jeremy Theisen, Kenny Palmer, Chris O’Gara, and Transtar Insurance Brokers, Inc. for your membership and unwavering service and support of the Arizona Trucking Association.
For more information, contact Kenny Palmer at www.transtarinsurance.com, 5450 East High Street, Suite 230, Phoenix, AZ 85054, 602-388-1199.