Berkshire Hathaway Specialty Insurance (BHSI) has expanded its inland marine product line in Canada with a new product that protects commercial truckers from legal liability exposures whenever they carry third-party goods.
The new Motor Truck Cargo Legal Liability Policy is “designed for mid-sized Canadian-based motor carriers specializing in transporting commodities primarily in Canada or cross-border with the US,” a release said. Policyholders and their cargo are protected anywhere within Canada and the continental US.
“This product provides Canadian trucking companies with an insurance offering that responds to their needs in both Canada and the US,” said BHSI Canada Marine senior underwriter Gord Rider. “With the industry evolving, and more trucks crossing the Canada-US border annually, we developed a solution that provides modern coverage and is responsive to both Canadian and American exposures.”
Search and compare insurance product listings for Motor Truck Cargo from specialty market providers here
Key features of the policy include:
- Legal liability coverage regarding property of others while in the ordinary course of transit or while at a terminal location for a specified period of time
- Cross docking coverage addressing an insured’s legal liability for direct physical loss or damage to property insured in its care custody or control during cross docking operations at a scheduled terminal
- Defence costs coverage that is outside of the policy limit
- Employee theft coverage with respect to an insured’s legal liability for direct physical loss or damage to property insured resulting from theft by an insured’s employees; and
- Expediting expense coverage, such as reasonable additional labor or overtime costs, fuel costs and freight charges, necessary for timely delivery of the property insured when a vehicle cannot deliver the property due to physical loss or damage, including repair of the vehicle.
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