Edmonton Transportation Insurance
Insuring a heavy vehicle is a bit different than insuring a typical car. When you’re on the road, you need to consider the unique risks that your business faces. You’re looking for insurance coverage that meets the needs of your transportation business in Alberta.
Are you trying to choose the right commercial trucking insurance policy? As a truck driver, you’re always striking a balance between managing your schedule, loading your cargo, and driving safely. You might not have much experience when it comes to insurance. Don’t worry: At Westland Insurance, our advisors are here to help.
When you look at all your options, choosing the proper coverage can seem complicated. You already spend most of your day coordinating routes, timelines, and cargo. When will you find the time to compare different insurance rates and find the best price?
At Westland Insurance, we aim to make insurance simple. When you understand your coverage, you can feel confident about your protection. Insurance shouldn’t feel like guesswork; our advisors help you comparison shop to find the right insurance policy for your transportation business.
What Does Transportation Insurance Cover?
We know that insuring a heavy vehicle can be complicated, from regulatory requirements to properly filing paperwork. At Westland Insurance, we take the time to learn about your business. Based on this information, we can understand the risks you face, and find coverage that offers the protection you need.
Protect yourself against a range of risks with commercial insurance. Wondering what a standard transportation insurance policy has to offer? Here’s what you can get out of your coverage:
This insurance policy is essential for any commercial auto business. If you’re found to be responsible for an accident, general liability coverage offers protection for the associated costs. It will help you cover things like:
- Medical expenses
- Rehabilitation costs for a bodily injury
- Legal defence fees
- Property damage
With general liability coverage, you can protect your business from the costs associated with accidents.
In the trucking industry, the cost of repairing your vehicle can cut into your profits considerably. Collision and comprehensive insurance are an integral part of any transportation policy. Your vehicle may be damaged by a range of perils, including:
- Theft or vandalism
- Fire damage
- An accident where you’re not at fault
In these circumstances, physical damage coverage will offer the protection you need.
Each day, your drivers load cargo in and out of their vehicles. If that cargo is damaged in transit or during loading/unloading, your company will be responsible for the replacement costs. With cargo insurance, you can cover the costs of replacing that equipment.
Who Doesn't It Cover?
Your policy won’t offer coverage past the policy limits. For example, your policy may offer physical damage coverage up to $100,000. If you’re involved in an accident, and the cost of damages goes beyond that amount, your insurance won’t cover it.
It’s important to be aware of your policy limits; you want to make sure you’re covered in the event of a collision. If you drive with particularly valuable cargo, it might be worth expanding your coverage.
We understand that on the road, you face risks unique to your business. If you’re interested in specialized coverage, we offer policies specific to the transportation industry, including:
- Reefer breakdown
- Cargo
- Unloading & loading
- Debris removal
- Aggregate deductibles
- And more
Who Needs Transportation Insurance?
You might be wondering: Does my business need commercial trucking insurance?
You rely on your entire fleet of vehicles to keep your company going. Even losing a single unit can be a considerable expense. Without your trucks, you won’t be able to complete your routes each day.
Not only will you need to cover the repair costs, but you’ll also lose out on revenue due to business interruptions. Insurance is an investment in the protection of your business.
Wondering why you should choose us to find you the best coverage? We aim to find the right coverage for your insurance needs. A few benefits of our services include:
- Risk management
- Monthly payment plans
- Competitive quotes & premiums
- Specialized coverage to customize your policy
- Excellent claims service
What Affects the Cost of Trucking Insurance?
For business purposes, you’re always looking to make the most cost-effective choices. The same principle applies when it comes to your insurance needs in Edmonton. Based on your circumstances, your trucking insurance may be more or less expensive. The cost is affected by things like:
- Your driving history. How many years of experience do you have with driving trucks? Younger or inexperienced drivers are considered to be at higher risk.
- Accidents & claims history. If you’ve been involved in accidents before, you can expect to pay higher insurance premiums. Each time you make a claim, it increases the cost of your monthly premiums.
- Your location. Depending on where you drive in Alberta, you may be at a higher risk of collisions or theft.
- Value of cargo. What type of goods and equipment do you load into your trucks? Higher value items will cost more to insure.
- Type of vehicle. If your vehicle is more expensive, large, or heavy, it will cost more to repair/replace if it’s damaged.
- Safety features. By increasing the security of your job site and vehicles, and training your employees to drive safer, you can lower the cost of your insurance policy.
Need help finding affordable transportation insurance? At Westland Insurance, that’s what we’re here for. We can help you find discounts that lower the cost of your monthly premiums.
Example of a Claim
In the transportation industry, theft is one of the main reasons businesses make claims in Alberta. Tools and equipment might get stolen from the job site, and in some cases, cargo could be stolen from the truck itself. With transportation insurance coverage, you’ll have the protection that your business in Edmonton needs.
Request an Insurance Quote
Looking for the perfect insurance policy for your commercial trucking business? At Westland Insurance, we can help businesses like yours find the proper coverage. We offer transportation insurance at the following locations in Edmonton:
Finding the best coverage isn’t easy, especially in the trucking industry. But with the help of our insurance advisors in Edmonton, Alberta, the process just got a lot simpler. Protect your business with transportation insurance. To receive an insurance quote, contact us today!
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