Truckman Cargo and CGL
Transportation Insurance
CA$ 3K /year
CA$ 2500
All Provinces
No
- Commercial General Liability
- Inland Marine
- common carriers
Product Overview
Truckman Cargo and CGL by Modern Specialty Insurance is built for Canadian common carriers that need cargo and liability protection in one package. It offers standalone motor truck cargo and commercial general liability coverages, with a CA$2,500 deductible and a minimum annual premium of about CA$3,000.
The program supports fleets across all provinces and is designed for provincially licensed vehicles, with Quebec‑licensed vehicles handled separately on the carrier side. Coverage is written on 12‑month terms, with limits available up to $350,000 for motor truck cargo and up to $2 million for CGL.
About Truckman Cargo and CGL by Modern Specialty Insurance
The product targets common carriers hauling typical freight like building materials, plastic products, grocery loads, and other scheduled commodities. Higher‑risk or sensitive cargo classes are carefully underwritten or specifically excluded unless declared and accepted, which keeps the program focused on fit accounts.
The application form looks closely at fleet size, power units, driver experience, safety technology, and telematics use, along with detailed cargo breakdowns and yard security. This helps brokers present carriers that already invest in safety programs, dashcams, and proper parking or warehouse controls.
Truckman Cargo and CGL by Modern Specialty Insurance avoids auto third‑party liability, keeping the spotlight on cargo and CGL exposures. Brokers ready to place suitable trucking risks can move next to the application form, product documents, or contact links such as the ‘Contact Underwriter for Quote’ option on this page.
Truckman Cargo and CGL by Modern Specialty Insurance FAQs
What types of risks is this trucking cargo and CGL program designed to insure?
This program is built for motor truck cargo and non‑auto liability risks that arise from Canadian common carrier operations. It focuses on cargo loss or damage and the carrier’s non‑owned premises and operations exposures, while leaving primary auto third‑party liability to separate placements.
What types of fleets and common carriers are the best fit for Truckman Cargo and CGL by Modern Specialty Insurance?
The best fit is established common carriers running provincially licensed fleets with several power units, experienced commercial drivers, and clear safety practices. Carriers with defined routes, tracked mileage, and a predictable cargo mix, supported by telematics, dashcams, or risk management programs, align well with the application’s information requirements.
How does Truckman Cargo and CGL by Modern Specialty Insurance address cross‑border operations between Canada and the US for common carriers?
The broader transportation offering is built around carriers operating within Canada and into the US, with Mexico excluded and licensed vehicles in Quebec not eligible under the transportation material. The application captures detailed kilometre splits by distance band and region, which allows underwriters to understand how much of the operation involves cross‑border hauling.
What minimum fleet size or number of power units is generally expected when considering a submission for this cargo and CGL product?
Truckman Cargo and CGL by Modern Specialty Insurance highlights a minimum of five power units as a starting point for eligible fleets, which signals a focus on established operators rather than single‑unit risks. The application also breaks out tractors, straight trucks, light commercial vehicles, and trailers, so a clear picture of fleet composition supports a smoother review.
Complete and up to date listings are our highest priority. Our full-time research team keeps our listings accurate and up to date but sometimes changes happen that we haven’t spotted yet. If you see something out of date, click here to open your email client and send us a message!