What Is Trucking Insurance?

Trucking insurance is important in Canada, just as it is in many other countries, because it provides financial protection for trucking companies, drivers, and their cargo in the event of accidents, theft, or other unforeseen events. Here are some reasons why trucking insurance is necessary:

• Legal Requirement: Trucking insurance is a legal requirement in Canada. It is mandatory for commercial vehicles to have liability insurance coverage. Liability insurance is designed to protect trucking companies and their drivers in case they are responsible for an accident that causes injury or property damage to others.
• Protection for cargo: Cargo insurance provides coverage for goods being transported by truck. This type of insurance protects the trucking company in case the cargo is damaged or lost during transit. Cargo insurance is especially important for high-value or perishable goods, such as electronics or food products.
• Protection for trucks: Trucking companies also need insurance to protect their vehicles. Physical damage coverage can help repair or replace a truck that is damaged or destroyed in an accident, theft, or other covered event.
• Financial protection: Trucking insurance provides financial protection to trucking companies and their drivers in the event of a lawsuit. Liability insurance can help pay for legal expenses, judgments, and settlements if a trucking company or driver is sued for causing an accident.

Overall, trucking insurance is essential for trucking companies to protect themselves, their drivers, and their cargo from potential risks and liabilities. We can help you with find the best coverage at the best price.