Common questions

• Does implementing loss prevention strategies help reduce my insurance rates?

  Yes, loss prevention is imperative in ensuring that your operation is safe and insurable. Accidents in trucking are inevitable, however, risk reduction strategies are proven otherwise decrease the severity and frequency of incidents leading to lower loss ratios long term.

• Are there specific requirements for cargo coverage in Manitoba?

  Yes, cargo coverage requirements may vary. It’s important to ensure that your coverage aligns with provincial regulations and adequately protects the value of the transported goods.

• Are there discounts available for safety measures and training programs?

  Yes, some insurers offer discounts for implementing safety measures and providing driver training programs. Demonstrating a commitment to safety can positively impact premium rates.

• Can I adjust coverage during peak seasons or when my fleet size changes?

  Yes, insurance providers often allow adjustments to coverage based on changes in fleet size or operational needs. It’s advisable to communicate with your insurer to make necessary adjustments.

• How are insurance premiums calculated for commercial trucks?

  Premiums are typically calculated based on factors such as the type of truck, its value, the nature of transported goods, the driver’s experience, and the safety record of the business.