LexTRAXSM is a railroad liability policy specifically designed for short line railroads. It is an "occurrence" policy form which has a "pay on behalf of" insuring agreement. Limits of liability are available of up to $25 million and defense costs are outside limits of liability. This policy provides provides railroad liability coverage, including pollution liability; evacuation expense; general liability; bill of lading liability, which covers the insured for cargo claims for which they are held responsible; and foreign rolling stock coverage, which covers the insured's liability for damage to non-owned rolling stock in the care, custody, and control of the insured.
In addition, this policy provides coverage for claims filed under the Federal Employers Liability Act (FELA), which is the basic law covering railroad employees and their work-connected injuries. It has been designed for short line railroad operations, holding companies that own several short line railroads, and excursion lines such as dinner trains and "fall colors" trains run by short line operations.
Lexington Insurance Co., 200 State St., Boston, MA 02109 Phone: (617) 330-1100