Skip to content

Alternative Risk Programs

Strategic Risk Management


Risk financing is finding the right balance between protecting your trucking company from the financial risk of an accident and the cost of your insurance.


Joe Morten & Son, through Great West Casualty Company, has more than 65 years of experience helping trucking companies finance their risk through options like large deductible policies, excess limits policies, and captive options among others.


As a motor carrier, financing risk is an important component of your overall risk management strategy. You’ll find your risk control and risk finance work in tandem. While risk control is the systematic approach to identifying and reducing the frequency and severity of operational losses, risk financing is a technique you can employ to efficiently pay for losses.

By financing your risk, your overall goal is to pay for losses in the most effective and least costly way available.



For most motor carriers, getting the most out of risk financing is based on:

  • Your trucking company’s ability to control losses
  • Your interest in actively managing your insurance costs
  • Your ability to balance your risk tolerance and cash flow

When you’re ready to take greater control of managing your trucking company’s insurance costs, we can provide a variety of effective ways to finance risk.


PowerTech® Elite is a member-owned captive program for best-in-class fleets that want to play a more active role in their risk management.

Our PowerTech® Elite captive is a good fit for trucking companies focused on long-term financial strength and stability. You must have a management team committed to safety, solid safety programs in place, and loss histories that are better than average. A long-term mindset for managing your overall cost of risk is key to this risk financing option.

With more than 20 years of experience creating captive programs for trucking companies, Great West, in partnership with Alternate Risk Underwriting LLC, is proud to be your partner in leveraging this risk management approach. 


If you’re a motor carrier that runs a safety-minded workplace and you’re focused on cost control, Great West provides large deductible risk financing options. These options are tailored to motor carriers who want to assume more risk for their operations.

A large deductible plan means your company funds the “first layer” of a loss. Your trucking company purchases a workers compensation policy or a truck policy with a minimum deductible. When a loss occurs, Great West provides administrative and claim-handling services, and your trucking company reimburses Great West for any losses below the per-claim deductible you’ve selected.


When your trucking company is faced with an accident, protecting your assets is a top priority. An excess limits policy is a risk financing strategy that can help you do just that.

Whether you’re a large motor carrier or an owner-operator, an excess limits policy is designed to help you manage the financial risk of your trucking company facing a catastrophic loss. An excess limits policy increases your underlying Auto Liability or General Liability Coverage to a greater dollar value — up to $5 million total in coverage. An excess limits option doesn’t change your liability policy other than making the coverage limit higher. The same terms and conditions as the underlying policy apply.

Trucking businesses can face large payouts as the result of incidents like an accident or injury settlement — sometimes reaching into the millions of dollars. These can easily exceed the limits of a standard liability policy. That’s why many trucking companies leverage excess limits policies to reduce their financial risk of having to pay large, unexpected out-of-pocket expenses.


If you’re a trucking company that is budget conscious and prefers to keep your insurance costs stable, a guaranteed cost policy is a risk financing option that may be a good fit for you.

A guaranteed cost plan is an insurance policy that is not subject to adjustment due to losses that occur during the policy term.