When you’re driving a commercial truck, you’ll need your insurance to cover a lot more than just the vehicle. You’ll need to insure the cargo you’re carrying, and you’ll also need to make sure you’re covered against any damage or injuries that might be caused by the operation of your truck.
There are many different types of coverage available, but what kind of policy do you need? Since every trucking company is different with unique needs, there is no one-size-fits-all answer. The insurance cost plays a huge role, and you can find out more about it if you click here. And remember that when it comes to finding affordable commercial truck insurance in Canada that covers your specific needs, your best bet is to work with an insurance brokerage.
Here’s everything you need to know about choosing commercial truck insurance in Canada so that you can get the right coverage for your business.
Table of Contents
What Commercial Truck Insurance Is
If you own and operate a business that uses commercial trucks, you know the importance of protecting yourself, your drivers, and your cargo. But what are the best ways to ensure that you have enough protection? How much coverage do you really need? What does that coverage entail? No one wants to pay more for insurance than they should, but no one wants to be underinsured if something goes wrong.
As always, it’s best to start with the basics: what is commercial truck insurance? Commercial truck insurance is a specific type of economic liability protection that covers trucks used as part of a business. Also known as heavy commercial truck insurance and fleet insurance, this type of policy covers all kinds of vehicles—from small delivery trucks to large tractor-trailers transporting goods across long distances. You can even extend your coverage so that it applies to any vehicle driven by an employee or contractor of your company.
A few key aspects that differentiate commercial truck insurance from other types of policies include:
- The type and size of vehicle covered by the policy;
- The fact that it covers individuals with a commercial driver’s license, as well as those who drive private vehicles for business purposes (such as delivery drivers).
The Importance Of Roadside Assistance
It’s not something you think about until you need it. And when that day comes, it can be a lifesaver. If you’ve ever had a dead battery, gotten stuck in the snow, or been stranded after an accident, you know how nice it is to have someone come to your aid.
The idea of roadside assistance has been around for more than 50 years, but not everyone has had the opportunity to experience the benefits. It’s time to change that. When you’re on the road, there are a lot of things that can go wrong. You might run out of gas, get a flat tire, or lock your keys in the car! Roadside assistance is there to help with any of these problems and more.
Why You Need To Be Careful About Who’s Driving Your Truck
Having a truck is one thing. Being able to drive your truck is another. And yet there are many people who will drive your truck whether they’re supposed to or not. You need to be careful about who’s driving your truck, especially if you have a large vehicle like a tractor-trailer or something similar. It’s important to know who has access to your vehicle and when they have it so that you can keep everything secure and safe.
The Effect Of Your Driving Record On Insurance Rates
One of the most important parts of being a responsible driver is understanding how your driving record can impact your car insurance rates. If you have a clean record, you will likely pay less in premiums than someone who has had a lot of tickets or accidents. However, what you may not realize is that not all violations are created equal.
A speeding ticket is not always as bad as it seems—even if you’re caught driving 10 mph over the limit, it’s still better than getting involved in an accident. Your history of safe driving could mean that you’ll get a better deal on your policy than someone with a spotty record, even if their household income is higher than yours.
Final Thoughts
Commercial truck insurance works much the same as general vehicle insurance. Drivers will find there are several unique aspects to their commercial auto policies, but the biggest change might be that deductibles are typically higher than with a standard auto policy. When you’re arranging commercial truck insurance in Canada it’s important to investigate a variety of different companies, compare quotes and reviews, and find out all you can before making a final decision.
Check out our blog to read more articles on other types of insurance such as car insurance, home insurance, life insurance, sole proprietor business insurance, etc.
