Edmonton Trends in Trucking and Transportation
A number of environmental issues in Canada are impacting the trucking and transportation sectors in Edmonton, Alberta. Safety issues, lowered profitability and challenges for new drivers to obtain insurance have resulted in a truck driver shortage in the Edmonton area. Along with reductions in profits, these issues are causing a series of economic effects in the area, highlighting the need for trucking insurance in Edmonton.
Environmental Issues
Anticipated continued changes in the Edmonton climate are impacting the trucking industry. The frequency of freezing rain is projected to increase by 20% in the near future, along with more snowfall and rain, which will increase the number of traffic accidents and disruptions. The increased number of freeze and thaw cycles also damages important infrastructure, including bridges, overpasses and pavement surfaces.
Profit Issues
The price of gas in Edmonton is exceptionally high, following the worldwide trend. Petitions to the government to reduce the gasoline tax have been unsuccessful. These high prices affect the bottom line of independent drivers and transportation companies.
Trucking Insurance in Edmonton Manages Risk
Whether you are in charge of a commercial fleet or own and operate your own independent trucking service, the risks and liabilities you face every day are complicated by the various issues currently impacting the trucking and transportation industry in Edmonton. We can assist in alleviating these issues by working with you to craft a risk management solution with trucking insurance in Edmonton.
Commercial Truck Insurance
Commercial insurance for the trucking business cover vehicles in case of accidents, with comprehensive and collision coverage available to protect against most types of damage under a large range of risks. You can cover your fleet and its cargo to protect valuable or time-sensitive hauls. Non-trucking options may be added to a policy to safeguard against incidents that may occur when cargo is not being transported.
Commercial truck insurance is useful for:
- Commercial transportation companies
- Independent truck drivers and owner-operators
- Other businesses involving trucks, drivers or any transportation-related components
Owner-Operator Trucking Insurance
Insurance for trucking owner-operators provides a multitude of solutions for independent truckers. These owner-operators assume significant levels of risk in their everyday business, as one lawsuit or serious accident could potentially destroy their business. We can protect these business owners' most valuable assets with broad coverage insurance at an affordable price.
Coverage generally includes the following:
- Workers' compensation
- Physical, cargo and personal property damage
- Passenger accident protection
- Occupational accident protection
- Medical, life and disability
- Liability
Truck and Auto Dealer Insurance
Dealerships selling automobiles and trucks regularly face a number of persistent threats, including severe weather, crime, cyber security risks and increasing numbers and costs of claims, including nuclear verdicts. We can assist with the implementation of a comprehensive risk-management strategy tailored to the individual business's needs, including the following:
- Umbrella
- Property
- Open lot
- General, garage, contingent and employment practices liability
- Cyber and crime
Last-Mile Delivery Insurance
This insurance covers goods transported from a hub or central warehouse to a specific destination. The last-mile delivery sector has experienced significant growth in the Edmonton area over the last 10 years. As business interests expand, so does the need to protect them, along with the contractual workers who are essential to the growth of this industry. We have the expertise to safeguard your business while improving its efficiency and safety within the constraints of evolving regulations.