Key Takeaways
- Specialized trucking insurance brokers access 10-15+ insurance markets you can't reach directly
- Brokers are paid by insurers, not you - their services are free
- Look for RIBO licensing and trucking-specific expertise, not general commercial agents
- The best brokers advocate during claims, not just at policy purchase
Meet Our Trucking Insurance Specialists
Our team includes RIBO-licensed brokers with 191+ years of combined experience in commercial trucking insurance. Connect with a specialist who understands your operation.
Adam Mitchell
CEO
Mitch Insurance Brokers, Toronto
Kanwaljeet Bath
Managing Partner
Billyard Insurance Group, Mississauga
Rajwinder Minhas
Insurance Broker
Five Star Insurance Brokers, Brampton
Fred Morison
President & CEO
Morison Insurance Brokers, Mount Hope
Ian McCowan
President & Owner
D.G. Dunbar Insurance, London
Jennifer Oegema
President
Oegema, Nicholson & Associates, Ottawa
Why Use a Trucking Insurance Broker?
When you search for "trucking insurance" online, you'll find two paths: going directly to insurance companies, or working with an independent truck insurance broker. Here's why 80% of trucking companies choose the broker route.
Unlike captive agents who represent a single company, independent brokers work with multiple trucking insurance companies simultaneously. This means they can:
- Compare rates from 10-15+ insurers with a single application
- Find coverage for "hard-to-place" risks (new authorities, poor CVOR, prior claims)
- Negotiate better terms based on your specific operation
- Handle certificates, filings, and compliance paperwork
What to Look for in a Trucking Insurance Broker
Not all brokers are equal. Here's what separates trucking specialists from general commercial agents:
Trucking Specialization
Ask what percentage of their business is trucking. Ideally, commercial trucking should be their primary focus - not a sideline to home and auto.
Market Access
Top brokers have relationships with 10+ trucking insurance companies. More markets mean better pricing and more options for your specific operation.
Claims Advocacy
The real test of a broker is how they handle claims. They should advocate for you, help document properly, and push for fair settlements.
Industry Knowledge
Your broker should understand CVOR requirements, MTO regulations, cross-border compliance, and how these affect your rates.
Questions to Ask Before Choosing a Broker
Interview potential brokers with these questions:
- "How many trucking insurance companies do you represent?" Look for access to at least 8-10 markets. More options mean better pricing.
- "What's your process if I have a claim?" They should have a clear process for advocacy, not just "call the insurer."
- "Can you help with new authority applications?" Tests their understanding of new venture markets and regulatory requirements.
- "When do you start my renewal process?" Good brokers begin 60-90 days early to shop for the best rates.
- "What happens if I need to add a truck mid-term?" Same-day binding capability is important for growing operations.
Trucking Insurance Companies in Ontario
These are some of the major trucking insurance companies that write commercial truck policies in Ontario. A good broker will have access to most of these markets:
| Insurance Company | Best For | AM Best Rating |
|---|---|---|
| Intact Insurance | Fleets, Long-haul | |
| Northbridge Insurance | Owner-operators | |
| Aviva Canada | Cross-border | |
| Travelers Canada | Large fleets | |
| Old Republic | New ventures | |
| Markel Canada | Hard-to-place |
AM Best ratings indicate financial strength. A+ or higher means excellent ability to pay claims.
Coverage Types to Discuss with Your Broker
A comprehensive truck insurance broker should be able to quote all these coverages for Ontario trucking companies:
Ready to Connect with a Trucking Insurance Broker?
Our team of RIBO-licensed brokers specializes in commercial trucking insurance. We work with all major trucking insurance companies to find you the best combination of coverage and price.
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