Transporting a variety of dry goods means you could face a variety of risks, especially when you cross provincial or international borders. Both long-haul and local carriers will depend on their insurance for dry vans if their business hits a bump along the road.
You can run into trouble when you’re moving goods, especially when they’re high-value, hazardous, or otherwise delicate in nature. From loading the pallets into the trailer to crossing the U.S. border to unloading at a temporary storage facility, dry van operators cover a lot of ground – your insurance coverage needs to keep up.
We’ve developed a policy tailored to dry van operators, including features like:
We have other handy coverages for dry van operators, like our Select Endorsement: this extends coverage to include your operations as a freight forwarder or load broker.
When you deal with shipping contracts, you’ll welcome the features of this coverage, including Declared Value of Cargo, Brands and Labels, and Control of Salvage. Your broker can walk you through all the advantages of Select Endorsement!
When can insurance for dry vans come to your rescue?
Problems can arise on and off the road, and when you’re dealing with expensive vehicles and precious cargo, costs can add up quickly.
Your insurance for dry vans should be broad enough to respond in a range of situations that could arise between point A and point B, but also deep enough to ease the costly burden of a covered loss. Here are a few scenarios where specific features can come into play.
Safeguard cargo while it’s in your care – wherever that may be
Your auto insurance can cover your vehicle and its contents while you’re on the road, but what about when your cargo is standing still? If something happens to your cargo while it’s being stored or unloaded, cargo insurance can help: it’s designed to help cover third-party property while it’s in your custody for up to 30 days or until the cargo is delivered (whichever comes first).
Cargo insurance applies when the cargo is:
In a garage
At a terminal, depot, or warehouse
Being loaded or unloaded
Protect your vehicles from problems en route
Imagine this: you’re hauling your cargo along the highway, traffic slows suddenly, and your truck accidentally rear-ends another vehicle. This is when you would call on your auto coverage – but personal auto coverage likely won’t offer the support you need.
The right commercial automobile insurance can help cover you for physical damage to your vehicle, property damages to the other vehicle, and bodily injury to a third party. Combined with cargo insurance, which would help cover the load you’re carrying for another party, you’ll have the financial support to resolve the situation more quickly and thoroughly.
Commercial General Liability
Accidents happen – be ready for them
When you run a truck or transport business, you probably focus on the risks you may meet on the road or those that could involve your cargo. Unfortunately, there are other potential hazards to consider that are hiding in plain sight, right on your business property.
If you have a terminal or warehouse – even a front stoop – you have potential hazards that could lead to injuries (and lawsuits). Consider a customer or vendor who visits your premises, and while they’re making their way to your front door, they step into a pothole in the parking lot, breaking their ankle. In this case, commercial general liability insurance (CGL) would help protect you if the injured party was to take legal action against your business.
Assistance at every step of the way
On top of our comprehensive core coverage and exceptional customer service, your business insurance policy grants you access to our Assist services for extra peace of mind.
Need legal advice? You have unlimited telephone access to legal guidance and insight on a wide variety of legal topics related to your business – no question is too small!
Losses can bring extreme emotional fallout, so we offer access to confidential 24-hour counselling to help our customers, their employees, and their family members cope.
Risk Management Assist
Our team of Risk Services specialists is at your service: customers can enjoy unlimited telephone access to experts who can help mitigate risks with advice and guidance on a range of loss prevention topics.
We’ve partnered with CyberScout to offer consultation on data and cyber risk management, including proactive measures to protect your business and reactive measures to help you recover from a breach.
Proving that you have enough liability insurance to meet all federal requirements isn’t an option – it’s a necessity. That’s why we help complete and expedite federal filings for our customers who do business in the U.S.
Plans change, and last-minute arrangements can be stressful. When you’re short on time, we can get things moving right away, arranging your financial proof of responsibility quickly so you can stay on track without risking a penalty when you cross the border.
We know that risk differs across industries. We also know that your dry van business is unique, and the challenges you face deserve careful consideration and a personalized approach. Insurance plays an important role, but it’s not everything – you can lean on our industry expertise, library of focused resources, and confident guidance to take your protection and loss prevention to the next level.
Our Risk Services specialists
The Northbridge Risk Services team is the most experienced in the transportation industry. Our goal is to share with you the tools and resources that will help you identify risks along with opportunities that can add greater value and help improve your bottom line.
Each year, our team conducts over 5,000 risk assessments and service calls for Canadian businesses. We’re committed to serving our customers onsite and offsite, applying our expertise wherever – and whenever – it may be needed.
Risk consulting and advisory is at the heart of our service. Ongoing industry-specific consultations, Collision Trend Analysis, and hazard analysis add significant value to the insurance programs tailored to customers in the transportation industry.
Our High Risk Driver Program delivers tangible benefits like reduced violations, increased intervention options for high-risk driver management, and the ability to recognize opportunities to change unsafe behaviours.
To help keep you and your business safe during the COVID-19 outbreak, refer to the following resources to assist you with your pandemic planning and business continuity efforts.
Ressources sur la COVID-19
Pour vous aider à vous protéger, votre entreprise et vous, durant la pandémie de COVID-19, nous vous présentons des ressources pouvant faciliter votre planification et vos efforts en vue d’assurer la continuité de vos activités.