Business insurance

Cargo and transportation

Cargo insurance is mandatory and required by law. The Saskatchewan Highway Traffic Board, in accordance with the Federal Motor Carrier Act, requires carriers that have Commercial “A” plate registration on vehicles over 5,000 kg Gross Vehicle Weight (GVW) to have a cargo insurance policy that meets the minimum limits. A vehicle’s GVW determines the minimum limits required by law.

Although single trip only cargo policies cannot be obtained, increased single trip limit requirements are available.

Cargo coverage is provided through our Commercial Auto department.

Cargo vs. transportation insurance

A cargo policy protects your customers in the event that you, as a hired carrier, damage their goods. Transportation insurance protects carriers who transport their own goods or the goods of others.

We provide transportation coverage through our Commercial Property department.

Carrier's responsibility

To properly define your responsibility to your customers, a Bill of Lading is used. It's a formal contract where you agree to transport the shipper’s goods to a specified destination for a fee.

Leased operator's buy-down cargo policy

Leased operators may determine that the employer's policy is subject to a high deductible that they cannot absorb. The leased operator may choose to buy down the deductible to $500.