Canal Insurance Company specializes in insurance for commercial trucking and specialty transportation operations since 1939. Comprehensive insurance products and services include auto liability, motor truck cargo, physical damage, trucker’s general liability coverages and risk management services. Canal distributes its products nationwide through select professional general agents.
Carrier rating
- AM Best rated “A-” (Excellent)
Coverage
- Auto primary liability
- Physical damage
- Motor truck cargo
- General liability
Target account size
- 1 – 200 Power Units (will consider larger accounts)
Availability
- Express (1-10 Power Units) - currently available in all states EXCEPT: FL, LA, MA, NJ, NV, NY, and WV.
- Fleet (11+ Power Units) - currently available in all states EXCEPT: LA, MA, NV, NY, and WV.
Submission requirements
- Completed transportation application
- Drivers list that includes date of hire and years of experience for all drivers
- Equipment list that includes VINs for all equipment
- Currently valued loss runs for 3 years. Account size and market dependent.
- Last four quarters of IFTAs, if applicable
- MVRs – market dependent
- Target pricing