New Player on the Block!

By Lina Demedieros

A new player has delivered to the transportation industry some options unheard for many years. In the last 14 years we heard your concerns and approached one of the largest AAA+ rated companies in Canada to deliver. Effective November, 19th, 2007, we have effectively found you some options and will now address some of the concerns we have heard over the years; I do not want anyone to drive my truck if I am disabled? What happens to all this money that I have paid into this contract for so many years? What if I get injured more than 3 times and strain my back, slip and fall or simply sprain my ankle? What if I do not have any income , can I not still buy coverage?. Is this the cheapest Out of Province coverage you have $78 annually? The answer to all these questions is yes, we NOW have the solution for you.

These new players are delivering both pricing and value. For the flatbed market, this program breathes new life in an industy that sees more soft tissue injuries than any other class of business. So if you do drive flatbed or a lot of hand bomning then you should call us today.

Some of these options include Gross Earnings Calculation, up to a maximum of $6,000 in coverage, $1,000 of Coverage without any income requirements. 100% of your money back less any claims paid helping you build for your retirement. Business Overhead coverage for 24 months versus 12 months since you do not want anyone to driver your truck, NO LIFETIME MAXIMUM on soft tissues which include sprain and strains. Optional Emergency Extended Health benefit of up to $49,900. Out of Province for as little as $36-$46 annually, $5 million for a maximum of 10 days per trip, higher limits available up to 17 days.

A guaranteed renewable contract to age 90, locking in pricing and sustainability of the contract by one of the largest AAA+ rated Insurer in Canada. Guaranted to Issue for Injury Only coverage; 3 qualifying questions. As well as an array of guaranteed to issue policies for Critical Illness and Life with a minimum of $25,000.

In the last 14 years, we have heard many reasons why an Owner Operator or Transport Company would not re-evaluated their needs. The following are the Top 10 Reasons:.

I don’t have the time.
All policies are the same.
I am only buying this coverage because I have too or else I would not buy it.
I have a policy mandated by the company I am contracted with for my services.
I do not make enough money to pay for insurance.
I have been doing business with this company for so many years.
I was told I was obligated to buy the insurance in order to buy the truck.
I can’t change because they have my downtime insurance.
The package I have covers me for everything; my buddy told me.
The vehicle is NOT owned by me but my wife, so the insurance we have is good.

Now just keep in mind that the primary concern for the transport company is that you do have coverage since their customers and fleet insurers insist that you have coverage; this is why it is deemed an alternative to WSIB. You must make the time, it will save you thousands in the end. All policies are not created equal, this is like saying technology never changes. Any contractual employer can force you to buy coverage but you can establish if it will meet your needs or find something new and present it to them. If you think you don’t make enough money now, imagine if you get hurt or sick. Loyalty is great, but will the contract serve you best at claim time. Specialists are always uncovering new products to help build your business. While working with a fleet there to help enforce the team spirit and help the owner operator with any financial difficulty he may face. A company wanting to finance 5 years of insurance premiums is not doing you a favor, Insurance companies excel in certain areas just like transport companies excels at one area and specific lanes somewhere in North America. If your wife owns the truck you still need coverage.

Many of our clients today can tell you we have found money they needed but simply looking at their tax returns, insurance policies, leasing agreements and investment portfolios. Our clients know that we will find them value by NOT choose just one company to cover all their needs since everyone has their expertise but at least 1-3 people will be involved and we all work together and we guarantee results.

In the last 14 years, we have found many clients that were OVERINSURED, UNDERINSURED and others that would NEVER collect a dime. So I ask you is it really worth re-assessing you needs? In order to excel as an agent in the transportation market, you must know the industry very well. Any agent working in this market has a huge learning curve. This includes understanding compliance and exactly how your business works. This takes time, unless they are working with a specialist who can uncover any potential issues for you and/or the transport companies.

Over the years we have found transport companies in litigation with Owner Operators by a step that could have easily been avoided, if they were not simply sold on a quick fix. I empathized with these companies since the goal was to help you and provide value, inspite of the fact you may have felt they deserved it. Utilizing a specialist does not represent spending more; it represents making the right choices for you as a small business owner looking to excel in this industry.

Call us today and lets show you how we make a difference in your bottom line as well as your fellow Owner Operators who are all working with the same transport company.

Lina M. Demedeiros
Living Benefits Specialist, President
“We deliver the goods on insurance”
Toll Free 1-800-236-5810

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