Protecting the Trucking Industry With Trucking Insurance in Calgary
There are over 100,000 commercial trucks travelling throughout Alberta at any given time, propelling the economy forward through this vital part of the supply chain. Commercial truck drivers face serious, personal risks while on the road, but for the companies that employ truck drivers, there are additional risks concerning damage to cargo, theft or late deliveries. Trucking insurance in Calgary can help address these costly concerns.
Recent statistics show that there are close to 2,000 fatal collisions involving commercial vehicles each year across Alberta. Calgary is home to dozens of businesses that employ 18-wheelers, big rigs and box trucks to deliver goods and services around the area. Commercial vehicles also include buses or limousines. Even if one of these vehicles travels slowly, a commercial truck's massive size contributes to more severe injuries or property damage for those involved in an accident. Because of this, commercial trucks are typically required to carry insurance policies with higher limits to address the full value of potential accident claims.
Roadway accidents aren’t the only risks to drivers or the companies who rely on commercial trucking. Companies or owner-operators need to address concerns with theft, vandalism, workers' compensation or civil liability. HUB International has a team of experienced brokers who can help you determine which coverage addresses your unique risks.
Commercial Vehicles Needing Trucking Insurance in Calgary
The term "commercial vehicles" refers to more than just 18-wheelers or semi-trucks. In Calgary, a commercial vehicle is a vehicle registered with a weight that exceeds 4,500 kilogrammes or a vehicle that has an original seating capacity of 11 or more individuals (including the driver). Because of both a weight option or passenger determination, the following vehicles could require special commercial insurance:
- Semi-trucks
- Step vans and box trucks
- High-capacity passenger vehicles, such as passenger vans and limousines
- Charter buses and motorcoaches
- Tow trucks and other specialty vehicles
Transport businesses aren’t the only companies that rely on commercial vehicles, as moving, catering or delivery services may also use large trucks. HUB’s brokers understand the classifications for commercial vehicles and can help you identify what risks you face with your operations.
Coverage Through Trucking Insurance
When deciding on your trucking insurance, you need to consider the local or regional laws that apply to your industry or commercial vehicles. Other factors to consider include how the vehicle is used, the size and type of vehicle and vehicle ownership. A commercial fleet of trucks needs commercial insurance for each vehicle and potentially with much higher limits than what’s required by law.
Basic Coverage
The minimum policy necessary for commercial trucks is basic coverage that addresses the expenses of an accident. For some policies, this includes collision and comprehensive insurance. Collision addresses the damage done to another vehicle when you’re at fault, while comprehensive addresses the repairs or costs for your truck.
Specialised Coverage
Some operations have unique risks given their industry, services or goods. Special coverage unique to your business could include cargo loss, theft, property or commercial auto. Companies may need to include coverage for situations involving employee injury while on the job or other benefits as required by law. Although these aren’t considered trucking insurance in Calgary, they are part of your company's comprehensive insurance plan.