Transportation Insurance
We recognise the complexities and dynamic nature of the transportation industry. With practical solutions we cater to the diverse needs of the for-hire trucking industry (including cannabis transportation*), offering coverage for all sizes of operations.
At Canopius we believe that our Transportation insurance offering is a partnership. We work closely with you from our first meeting, to claims, and through to renewals.
What we do
Our Transportation insurance products are tailored to support over-the-road trucking operations, including the cannabis industry*. Whether as a package or standalone policy, all our offers can be customised to meet your specific needs.
We provide a range of Transportation insurance solutions, including but not limited to:
- Commercial automobile physical damage (APD): coverage for general damage to your trucks, vans, and armoured vehicles used in business operations.
- Motor truck cargo (MTC): protection for the owned and not-owned goods being transported by your vehicles.
- Commercial automobile physical damage (APD): coverage for general damage to your trucks, vans, and armoured vehicles used in business operations.
- Motor truck cargo (MTC): protection for the owned and not-owned goods being transported by your vehicles.
- Non-trucking liability: insurance for when trucks are operated for non-business purposes.
- Primary auto liability: initial layer of protection for bodily injuries and property damage incurred to others from both owner operator and fleet business activities.
- Truckers’ general liability: coverage for third-party bodily injury and property damage claims related to trucking operations.
- Cannabis cargo (covering non-owned goods, owned goods, and cash).
- Coverage tailored for the transportation of cannabis and related products, focusing on commercial automobile physical damage (APD).
Who needs Transportation insurance?
Transportation insurance is essential for any business involved in the transportation sector. This includes for-hire trucking companies, owner-operators, large fleet operators, businesses that transport goods or passengers, and companies involved in specialised transportation, such as cannabis transportation*.
What does Transportation insurance cover?
Transportation insurance typically covers the following:
- Cargo protection: insurance for the goods being transported by your vehicles, whether owned or non-owned.
- Liability coverage: protection against claims for bodily injury and property damage incurred by third parties as a result of transportation operations.
- Specialised coverages: policies tailored for specific transportation needs, such as cannabis transportation*, including coverage for cannabis cargo and associated risks.
- Vehicle damage: coverage for damage to trucks, vans, and armoured vehicles used in business operations.
Carrier partners and financial strength ratings
- Non-admitted and cannabis*:
- Canopius US Insurance Company
- A– (Excellent) AM Best rated
- Admitted:
- Samsung Fire & Marine Insurance Company (US Branch)
- A++ (Superior) and AA+ issuer credit rating, AM Best
- AA- (Stable outlook), Standard & Poor’s
- Lloyd’s non-admitted:
- Canopius Syndicate 4444
- A+ (Superior) AM Best rated
Coverage
Recognising that every business is different, Canopius provides varied coverage options to meet everyone’s diverse transportation coverage requirements. We offer occurrence, claims-made, and occurrence reported policies to ensure comprehensive protection tailored to when claims are made, and incidents occur.
Furthermore, our practical solutions allow us to create bespoke policies to tackle industry-specific risks, providing you with personalised coverage.
Our transportation insurance solutions include, but are not limited to:
- Cannabis transportation*: coverage tailored for the transportation of cannabis and related products, focusing on commercial automobile physical damage (APD) and cannabis cargo (covering non-owned goods, owned goods, and cash).
- Commercial automobile physical damage (APD): coverage for general damage to your trucks, vans, and armoured vehicles used in business operations.
- Motor truck cargo (MTC): protection for the owned and not-owned goods being transported by your vehicles.
- Primary auto liability: initial layer of protection for bodily injuries and property damage incurred to others from both owner operator and fleet business activities.
- Truckers’ general liability: coverage for third-party bodily injury and property damage claims related to trucking operations.
- Trucking liability: insurance for when trucks are operated for non-business purposes.
Our target markets
Our Transportation insurance is available to US-domiciled businesses, or those with significant US exposures, that may be trading world-wide. We are committed to ensuring that our clients receive the coverage they need, wherever they operate. We provide insurance for transportation to a diverse range of industries, including but not limited to:
- Cannabis transportation*: specialised policies for the transportation of cannabis and related products.
- For-hire trucking: comprehensive coverage for trucking operations of all sizes.
- Managing General Agents (MGAs): expertly managed policies through our Delegated Authority Insurance offers.
What sets us apart
At Canopius, we pride ourselves on providing exceptional service and expert guidance:
- Always available: once the necessary information is received, we can turn around terms and offer solutions within 24 hours.
- Comprehensive product offering: we provide extensive coverage that encompasses basic commercial transportation insurance, delivering a one-stop solution for your business fleet requirements.
- Fast quotes: we understand the value of face-to-face conversations to better grasp your insurance problems. A Canopius team member is always available for in-person discussions with our broker partners.
- Financial strength and global expertise: supported by the financial strength and global expertise of Canopius Group, a leading specialty lines (re)insurer, our policies offer a high level of security and stability. We ensure you receive top-notch service and support from our experienced team of underwriters, risk managers, and claims handlers.
- Flexible underwriting approach: our flexible underwriting approach accommodates various types of transportation operations, including intrastate and interstate activities, and covers a range of vehicles, such as trucks, vans, and armoured trucks.
Our capacity
We write in excess of $150m (USD) of business via our various platforms.
Speak to one of our specialist underwriters
