Skip to content
Menu
Insurance News Website
  • About
  • Blog
  • Contact
  • Information
Insurance News Website
August 6, 2021

A new insurance company says it’s offering better coverage for its truckers

Insurance companies in Ontario are offering truck drivers a new type of coverage that offers more coverage for serious injuries and is more cost-effective than what is available in many provinces.

Ontario is one of a handful of provinces that have been experimenting with ways to provide coverage for truck drivers after the Highway Traffic Act came into force in October 2014.

The Insurance Bureau of Canada (IBC) says the new insurance policy offered by trucking company Ontario Trucking Co. (OTC) will cover drivers who have been involved in collisions, have had an accident or are suspected of being involved in an accident.

The policy will also include other types of coverage, such as roadside assistance, which will include medical and dental care, and transportation services, which include meals, transportation assistance and repairs to vehicle.

“The drivers are at risk, but the benefits outweigh the costs,” said David Leblanc, CEO of the company.

“It’s a very simple solution that’s going to be very effective,” he said.

OTC says it is working with other trucking companies in the province to provide the coverage and is making plans to expand to other cities.

The new coverage comes as a result of a pilot program with other companies.

Trucking insurance has been in decline for years.

In 2015, the province began offering the provincial insurance program through its Ontario Truck Insurance program, which was the only option for trucks in the GTA.

The Ontario Truck Insurers Association, which represents the country’s largest truck insurance company, said the new policy will be offered in all cities in Ontario.

But it said the company will not be offering it in rural areas.

It will be available in small towns in southern Ontario.

“We will continue to work closely with our provincial insurance regulators, insurance regulators in other jurisdictions and the province of Ontario to ensure that all truckers are protected,” said Mike Sajak, the CEO of Ontario Truckers Union, the union representing truckers in the city of Mississauga.

The insurance company said it has been offering the insurance policy for two years.

It says it expects to be in service by July 2019.

Recent Posts

  • How to make a better insurance decision
  • Why you should take out commercial insurance when you’re planning a move to Mumbai?
  • Which company has the most insurance?
  • Which counties will have the highest rates in Georgia?
  • Crl insurance: ‘We’ll take it’

Archives

  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021

Categories

  • About
  • Blog
  • Contact
  • Information

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Tags

access insurance news aetna insurance news amaco insurance news aon insurance news aspen insurance news attune insurance news aviation insurance news bestow insurance news chip insurance news chubb insurance news cic insurance news encompass insurance news financial insurance news freeway insurance news generali insurance news hcc insurance news healthcare insurance news heritage insurance news insurance law news insurance marketing news insurance market news insurance newport news insurance news 24 insurance news alberta insurance news bd insurance news malaysia insurance news philippines insurance news uae insurance news updates insurance sector news insurance technology news liability insurance news motorcycle news insurance motor insurance news national insurance news online insurance news pie insurance news pmi insurance news prudential insurance news restaurant insurance news saga insurance news tal insurance news texas insurance news title insurance news yahoo insurance news
©2022 Insurance News Website | Powered by sanatebimeh.com