Truck Car Park

Transportation

Target Clients

  • Long-Haul carriers

  • Minimum 5 Power units

  • Tractors, trucks, Heavy commercial vans, Light commercial vehicles (tow trucks are excluded)

  • Class 1 or Class A drivers

  • Cargo types like: building material, plastic, grocery items, some hazardous

  • Radius of Operations: Canada & US (excluding Mexico)

 

 

Coverage Features

  • Physical damage coverage

  • Motor truck cargo protection

  • CGL coverage protection excluding non-owned auto, subject to a minimum aggregate deductible of $10,000

  • Available to all provincially licensed vehicles, excluding licensed vehicles in Quebec

  • 12-month policies

  • Discounts available for safety features

  • Deductible options

  • Excess of 50% US/CAN exposure

 

 

Underwriting Considerations

  • Minimum age of any driver is 21 years of age

  • Drivers - experience within Canada (min 6 month in class driving training certificate)

  • All drivers with 1 major and 3 minors to be referred (distracted driving is considered a minor)

  • Rates and deductibles vary by commodity type

  • Limits up to $350,000(per policy) for MTC and $2m for CGL

  • No Standalone Cargo or CGL policies

  • No Auto Third Party Liability Coverage