Umbrella excess liability
As a freight carrier, it is important that you consider acquiring umbrella excess liability insurance to increase your primary liability coverage. This policy would protect you in the event of a catastrophic liability loss. Such a loss is often linked to an at-fault accident resulting in bodily injuries or the death of a third party outside the province of Quebec.
Damages awarded by courts in many of these claims are increasing at a skyrocketing rate. Also important to keep in mind: when a liability loss occurs in the USA, the damages are in American currency. Canadian insurance policy limits are in Canadian currency. The difference between both currencies is paramount in evaluating your liability insurance needs. It is also important to counsel carriers that haul hazardous materials to increase their liability limits, notwithstanding their radius of operation. The amounts awarded for losses with environmental impacts are increasing at an alarming rate in Canada and the USA.
At Burrowes Insurance Brokers, we have access to all insurers specialized in umbrella excess liability and are in a position to recommend the appropriate coverage to protect you from a devastating loss.
Connect with your dedicated broker today! He will gladly do a complete and detailed analysis of your needs and recommend the most appropriate insurance product.
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