Addressing Risk With Trucking Insurance in Abbotsford
The trucking industry helps propel the provincial economy, as trucking businesses relay goods and materials across the land. Over 26,000 trucking companies registered in British Columbia operate 365 days a year at all hours of the day. There are close to 300 companies working around the Abbotsford area alone, travelling thousands of miles across the region to deliver loads safely and efficiently. With HUB International, you can protect your fleet and company with the best trucking insurance in Abbotsford.
Unique Trucking Risks
Truck driving is a dangerous career made more difficult by the harsh weather conditions that can plague the Abbotsford area. Rain showers are just one threat throughout the year, with snow, ice and treacherous driving conditions bringing new levels of concern throughout the winter months. With the highs from December through February hovering just over the freezing mark, icy conditions are often a possibility along the highways and streets of the area.
There are also concerns that the booming population and thriving economy are reducing the number of safe parking spots available for larger rigs, with many drivers having to spend extended amounts of time on the shoulder of a busy and crowded road. Parking on the street for loading and unloading also increases the risk of a serious accident. Property damage and personal injury are serious incidents that need to be addressed when operating a trucking venture.
Requirements for Commercial Truck Insurance
Commercial trucking insurance is not the same coverage given to standard automobiles. Commercial vehicles are required to carry more tailored insurance, whether the company has one truck or an entire fleet of vehicles. British Columbia has established a one-million-dollar minimum requirement for commercial third-party liability coverage for any trucking company that operates within the province. Truckers must also carry ICBC basic insurance coverage or a Financial Responsibility filing certificate.
Because of the laws in place, HUB’s trucking insurance in Abbotsford is the right choice for the following parties:
- Commercial transport companies
- Independent truck drivers or owner-operators
- Businesses requiring drivers, trucks or other transport-related activities
It doesn’t matter if you have a single truck or work with a fleet; trucking insurance is a legal matter. It’s also an investment into your financial future, as one accident could cost many thousands of dollars.
Benefits of Commercial Truck Insurance
A good insurance policy is one that is customised to your needs. Selecting the coverage that addresses your risks provides you with the most protection for your investment.
Commercial insurance can help with the cost of vehicle repairs following a crash or collision, help pay for damage caused by uninsured or underinsured motorists, assist with medical costs for injured drivers or help with lawsuit expenses. For many, adding cargo coverage alleviates the burdens of damaged loads during loading or unloading, water damage or loss from theft.
In some cases, businesses require a specific amount or type of coverage before working with a trucking company, making an insurance purchase a necessity and not just a preventative measure. The financial benefits of a policy provide peace of mind to the driver, company, other drivers on the road and transport partners.
Types of Commercial Trucking Insurance in Abbotsford
You will want to buy enough insurance coverage to address your unique risks. Our experienced brokers will help uncover those risks and how to manage them. Your options may include physical damage coverage, liability and motor truck cargo.