Transporting goods from one location to another might seem like an easy task at first glance, but that couldn’t be further from the truth. Freight forwarders must have experience in logistics—like tracking inventory—and offer unique services such as expedited shipping to ensure their clients stay satisfied with their work.
The trucking industry in Canada is ever-growing, making an estimated $65 billion in annual revenue. It comprises over 3.5% of the country’s overall GDP.
As a result, you might find it difficult to stay on top of trends, evolving market strategies, and business dynamics. This is why it’s important to build your portfolio of clients, suppliers, and carriers so you have a steady network to rely on when things don’t go as planned.
Joining an association, such as the Ontario Trucking Association (OTA), could also provide you with the support you need to succeed in such a cutthroat industry. Teaming up with a reputable insurance provider is also key to securing your finances.
What the Ontario Trucking Association Can Do for You
The OTA has been the voice of responsible transportation services in Ontario since 1926. It is also the only trucking association in Ontario that represents all aspects of the trade, such as private carriers, suppliers, and for-hire carriers.
It’s one of the largest freight forwarder organizations in North America, regularly working with the government and the media to ensure that the industry is portrayed positively. Its members are companies from Canadian provinces and territories, as well as some of the largest transportation enterprises in the United States.
If you join the Ontario Trucking Association as a carrier, you’ll receive exclusive updates and alerts, comprehensive surveys and analyses, be invited to in-class and online training programs, and gain access to their whole catalog of compliance materials. The association also extends its members opportunities to attend networking events.
Joining the Ontario Trucking Association as a supplier grants you access to exclusive perks through its Allied Trades Membership program. It gives you access to numerous potential customers and helps build strong ties. Association members also gain exclusive business briefs to stay up-to-date on the latest industry regulations and trends.
These benefits are all great for your trucking career. However, they do little when it comes to securing your finances. The transportation sector is not without risks—most of them you’ll encounter while you’re working. This is where KASE Insurance steps in.
Personalized Support for Truckers
The transportation industry can be dangerous. A lot can happen, whether it’s accidents, property damage, vehicular damage, or even lost and damaged cargo.
Having an insurance policy in place can help prevent these liabilities from depleting your resources and finances. These insurance policies also ensure you don’t end up filing for bankruptcy by covering damage costs in case of an unfortunate event.
As a member of the Ontario Trucking Association, you need to free yourself from financial burdens so you can focus on growing your business. One way to do that is by having insurance-based risk management strategies in place.
Types of Insurance Support Available for OTA Members
KASE Insurance provides the following insurance policies to cover your trucking company’s unique needs.
Heavy Trucking Insurance
Also known as transport truck insurance, this is a specialized insurance policy that provides coverage for unforeseen circumstances such as:
- Vehicular accidents;
- Third-party injuries;
- Property damage;
- Theft; and
- Damage to cargo while in transit.
Heavy truck owners and operators will benefit the most from this insurance type.
Commercial Auto Insurance
Ontario Trucking Association members using a fleet of cars for their transportation services should consider commercial auto insurance. It will help pay for costs in case of collisions or personal injury. This policy can also help with a potential payout in the case of there being property damage or even bodily injury resulting in death.
This type of policy can apply to all the types of vehicles you use for your business, including trucks and bikes.
Fleet Insurance
If your business owns a minimum of five vehicles for transportation services, your insurance broker may offer you fleet insurance. This type of insurance helps trucking companies save money by not having to pay for individual auto insurance policies.
This policy provides protection in case of accidents on the road that result in damage to a vehicle. Fleet insurance may be able to cover some of the costs, including repairs or replacements.
It also protects in situations where accidents result in bodily harm. Your fleet insurance policy can help pay for the legal fees if one of your commercial vehicles injures a third party or one of your employees gets injured in a car accident.
KASE Insurance offers customizable policies to members of the Ontario Trucking Association. You can purchase additional insurance plans or bundles to cover all your bases.
Get The Best Insurance Solutions at KASE Insurance
Your Ontario Trucking Association membership can give you a leg up in your career and help you flourish in a highly-competitive and rewarding industry, but having KASE Insurance by your side also secures your financial future.
KASE Insurance offers comprehensive solutions to all of our clients. As your trusted partner, we want you to get only the best policies possible to ensure they are custom-fit to your business’s unique needs—no hidden costs guaranteed.
Get in touch with us today or call us now for a quote—one of our industry experts will assist you right away.