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Five Star has been providing insurance and related services to the transportation industry for a number of years. We are trained to provide the highest quality customer service and offer solutions for the insurance needs of our transportation customers.

We provide trucking insurance products to owner operators and fleets of all sizes. We are dedicated to the insurance needs of owner operators and fleets. As an independent broker we have access to most of the major insurance companies writing insurance for truckers. Let us review your situation to ensure your coverage adequately meets your needs.

We provide a single-source access to industry specialists and the leading transportation-specialty insurance companies. Five Star has specialists in risk management, loss control and claims management, as well as insurance design and placement.

In addition to Truck Physical Damage, we offer the following insurance products:

Truck Liability

This is usually the most costly portion of any trucking company's insurance package. Protecting you from damage or injuries to other people as a result of truck accidents this coverage is also mandated by the Provincial, State and Federal agencies and a form of proof is required to be sent to them.

Coverage is generally rated, and many time supplied to you, on a scheduled vehicle basis. This means that if the vehicle is not on the schedule then there is no coverage given. With only a few vehicles this is not normally a problem. The problem becomes more significant when there is a large fleet and/or many vehicle changes during the policy year. Care must be exercised and excellent communications established between your broker and yourself. For larger fleets and company's requiring broader forms the policy can be issued on an any auto basis where no vehicle schedule changes are needed. This type policy insures you for your use of owned, non-owned, hired vehicles, subcontracted vehicles, even for the use of private passenger type vehicles. These policies can be written on a gross revenue or mileage premium rating method. In most cases selecting these options properly simplifies and can reduce the overall cost. It is important to understand the consequences of selecting a method, however, as a rise in your prices will increase your insurance premium even though your mileage may not change, if you are under the gross revenue program. As always, proper evaluation with your insurance broker will uncover the best alternative for you. Various policy endorsements are available to extend alternative coverages to the auto liability. Pollution liability, as relates to the use of vehicles, is a form that should be considered always. Various deductibles are available to allow you to absorb some of your losses and reduce your overall cost. Long Haul truckers to the US will need the MCS90, the BMC91x, and the appropriate State form endorsements which extend coverage to the regulatory agencies. Policy limits, generally, for operations with trucks over 10,000 gross vehicle weight have a required limit of $1,000,000 however we can place liability coverage up to $50,000,000 if required.

Comprehensive General Liability

As the name implies this coverage pertains to very broad coverage other than automobile. Protection for injuries or property damage sustained while on your premises, using your products or services, or because of a breach of contract are some of the more customary types of risk this coverage is intended for. This policy can also include many options specific for your type of business (ie: pollution; environmental; underground; professional).

For standard transportation business operations the basic policy is usually sufficient coverage. If your operations include fuel tanks on your premises then it is wise to include a limited form of pollution coverage. For freight forwarders or custom house operations a form of professional liability coverage may be appropriate. Significant policy conditions are contained within this policy that must be reviewed with your insurance broker to make sure there are no gaps in protecting your operations. The usual policy limit sets each occurrence at $1,000,0000. Higher limits are available as necessary for your particular need.

Motor Truck Cargo

The transporter of freight, and commodities, assumes responsibility for the cargo he has taken control of. The amount of that responsibility SHOULD be clearly established and understood by both the shipper and the transporter before the shipment is moved. This is usually done by contract, by bill of lading disclosure, or by published tariffs. Unfortunately, this level of detail is often overlooked by both parties.

Motor Truck Cargo insurance protects the transporter for his responsibility in the event of damaged or lost freight. The policy is purchased with a maximum load limit per vehicle. Under-insuring the load can prove catastrophic to you in the event of a claim. Make sure you understand the concept of co-insurance. This insurance policy, without question, requires careful thought and evaluation prior to purchasing. In addition, you need to be constantly evaluating the nature of your freight to make sure the coverage meets the demands.

The Motor Truck Cargo policy can be, and usually is, tailored to meet your operations and exposure. Significant exclusions, or guaranty's of compliance by you, create many situations where there might be no coverage. A good insurance broker will ask you pertinent questions that properly address this concern. The Motor Tuck Cargo policy can also contain provisions to insure the cargo when it is in your terminal or warehouse. This exposure results when the freight can not be delivered the same day or is consolidated with other shipments. The coverage exists so long as there is no separate charge made for storage or warehousing. Similar to Motor Truck Cargo is the Warehouseman's legal Liability insurance policy which protects you for the freight you charge storage charges for. You need to utilize a warehouse receipt, similar to a bill of lading, for the storage which specifies the terms of your storage contract.

Bonds

Trucking firms frequently require bonds, for fuel taxes and motor carrier authority. Five Star Insurance Brokers Ltd. can place your bond needs quickly. Custom bonds, performance bonds, and other bonding demands are readily available.

Commercial General Liability and Property Coverages round off the complete business owner's insurance protection. In this area, Five Star Insurance Brokers Ltd. understands the right questions to ask making sure the coverages are appropriate. In some cases very detailed coverage additions are required.

Pollution Liability & Hazardous Materials insurance is also available through Five Star Insurance Brokers Ltd. We work work closely with the insurance company underwriters in this area to make sure proper coverage is provided and not more coverage than is needed.

Truck Insurance For Long Haul, Gravel Trucks and Garbage Trucks

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