Toronto Transportation Insurance

Protect your Truck and Cargo with Transportation Insurance

If you work in the transportation industry, you need coverage to protect both your cargo and vehicles. Our trucking insurance policies provide clients with flexibility, and our team will meet the needs of your operation. Safety is a top priority, and our transportation insurance offers coverage for vehicles, trailers, cargo, and warehousing services. 

If you operate a transportation business or manage a fleet of any type of vehicle, contact Leibel Insurance for all your transportation insurance needs.

Do You Really Need Transportation Insurance?

Whether you invest in a semi-truck, tractor-trailer, or an entire fleet of trucks, you will need to invest in liability insurance for your vehicles. An industrial vehicle as large as a commercial cargo truck has the potential to cause major damage in the event of an accident. Industry professional including financial advisors everywhere recommends purchasing a certain amount of Transportation Insurance. Without sufficient coverage, your financial standing could be in ruins after a major collision.

If you lease your truck to another driver, then that driver will be responsible for purchasing their own liability insurance coverage. On the other hand, if the trucker that leases your truck does not carry adequate coverage, you will need your own coverage to be protected against a risk of excessive liability. Leibel Insurance recommends speaking with an insurance professional that specializes in the transportation industry to help you decipher which transportation insurance coverage is best suited to you.

Trucking Insurance Coverages and Policies

There are different types of coverage and policies offered by our firm. The type of coverage you need will depend on the types of vehicles, cargo, size of your company and operating location, among other factors.

Basic trucking insurance coverages include:

1. Commercial auto liability

This coverage protects you from damage to another party if you are involved in an accident. 

2. Motor cargo insurance

This covers cargo that is stolen or damaged during transportation. It applies when goods are being transported in the insured’s own vehicles. If a sharp turn were to damage expensive electronics while being hauled by one of your drivers, the damage would be covered. 

3. Physical damage insurance 

This will cover any damage to your truck caused by an accident with another vehicle and will also help cover the costs of repairs. 

4. Business interruption

If your operations must come to a stop because of a covered loss or mandatory evacuation, this coverage will help get you through this challenging time. Our coverage options will allow you to be ready to open again as soon as possible. 

5. Transportation floater

This can be included as a separate insurance policy to ensure the transportation exposure of owners’ goods. A description of the goods being transported must be listed on the policy, and this coverage is not limited to the insured’s own vehicles. 

If you want to insure property that is owned by the insured, this coverage can be considered. This floater is also used to insure goods for which the insured is responsible for and to insure goods that are sold but not yet delivered. 

6. Fleet insurance 

If you require protection on 5 or more vehicles, this coverage is necessary. Fleet insurance can help you save both money and time.

Additional Trucking and Transportation Insurance Coverage To Consider

In addition to liability coverage, you may also want to think about including some of the other coverage options that are available from Leibel Insurance. After reviewing your Trucking insurance coverage with your insurance broker, you will have a firm understanding of the options available to you. With Leibel Insurance, you can choose the best coverage to meet your specific needs to ensure you are properly covered while on the road.

Need extra transportation-related coverage? We’ve Got You Covered!

Your broker will provide you with all of the details of the coverage that you may be considering, such as:

• Coverage for physical damage – This is the type of coverage that is required by the lender if you take out a loan to purchase your commercial truck. In addition, you will need to carry this coverage throughout the life of the loan. Your driving record will be taken into consideration for your premium, the better your record, the lower the cost will be. You will receive the depreciated value of the vehicle if you are involved in an accident.
• Gap insurance – To purchase a truck of high value through financing, this coverage is required if your truck sustains serious damage or is totalled. Gap insurance will provide coverage in the event that the current depreciated value is less than the amount owed. This can assist in paying off the loan without a significant financial loss.
• Equipment insurance – In combination with a physical damage policy, you may also want to add equipment insurance to cover any additional equipment, such as tarps, chains, and electronics that may have been added or installed after the original purchase. This coverage can assist in compensation of fuel in the event of an accident.
• Inland Marine Insurance – A contractual agreement can require an operator to carry a certain amount of coverage in order to protect the cargo that is hauled. The value of the cargo that is carried will determine the amount of Trucking Insurance coverage that is required.

Of course, owning a rig of your own comes at a great expense. Contact Leibel Insurance or visit us at our Calgary or Edmonton office. Your Insurance brokers service all areas in Alberta and Ontario to ensure that you have Trucking Insurance that will cover your investment from bumper to bumper. This is a critical step that cannot be overlooked.

Ready to secure reliable trucking insurance? 

Leibel Insurance is here to serve your insurance needs! We put our clients first and will always provide you with the protection you need. We will first understand your needs after which we will provide you with a professional recommendation. We provide honest information regarding every detail, including the price of trucking insurance. 

The number of vehicles you need to insure, the make and model of each of your vehicles, where your company is located and the type and value of cargo you transport are examples of factors we consider when pricing a policy. 

What areas does Liebel Insurance cover for Transportation Insurance?

Some of the Cities where we specialize in Transportation Insurance include:

• Ajax
• Pickering
• Kitchener
• Hamilton
• Windsor
• Calgary
• Edmonton

Unsure of what coverage your truck or business may require? Contact a transportation insurance specialist at Leibel Insurance by calling (833) 222-9291 or request a quote by completing our contact form.

Also, check out our Transportation Insurance Program here to get the best rates for transportation insurance in North America.