As the temperature dips, memories of winter road hazards can make you think twice about heading out haphazardly. There’s only one way to truly tell
Deductible Buydown & Downtime
Whether you’re an individual owner, operator or part of a trucking company with a large fleet, you understand the cost and inconvenience of an accident – so do we. One unexpected loss could be very costly to your business.
With one of the most comprehensive deductible buydown and downtime programs available, including coverage for write-offs, theft, and major mechanical breakdowns, we can help you protect your business, your livelihood, and your cash flow so you can keep moving forward.
How can deductible buydown and downtime come to your rescue?
Deductible buydown reimburses you for the difference between a standard deductible and a buydown amount, which means you’ll pay less to get your vehicle up and running again in the event of an accident.
For example, say an accident causes $20,000 in damage. If you’ve bought down your standard deductible from $10,000 to $2,000, you’d pay only that amount and save $8,000.
But what if the damage is below the deductible? You’d still benefit. In this instance, you’d normally pay the full repair costs, but with deductible buydown you’re only responsible for the buydown amount. So, if an accident causes $9,000 in damage and you’ve bought down your deductible to $2,000, you’d save $7,000.
- Downtime protection provides reimbursement for when your vehicle is off the road because of a mechanical breakdown or accident.
- Write-off coverage pays you a lumpsum if your vehicle is written off.
- Theft coverage pays you a lumpsum if your vehicle is stolen and not recovered.
Working with trucks, trailers, and cargo can mean there’s a lot on the line – financially, legally, and with respect to your reputation. You’ll need support to handle the regulation concerns, daily risks, and safety issues that can come with the job. Our transportation experts are there to help you safely navigate your risks on and off the road – from avoiding problems at the outset to covering you if something goes wrong along the way. Learn more about our transportation and logistics services insurance.
The Northbridge Risk Services team is the most experienced in the transportation industry. Our goal is to share tools and resources that will help you identify risks along with opportunities that can add value and help improve your bottom line.
Each year, our team conducts over 5,000 risk assessments and service calls for Canadian businesses. We’re committed to serving our customers onsite and offsite, applying our expertise wherever – and whenever – it may be needed.
Risk consulting and advising is at the heart of our service. Ongoing industry-specific consultations, Collision Trend Analysis, and hazard analysis add significant value to the insurance programs tailored to customers in the transportation industry.
Our High-Risk Driver Program delivers tangible benefits like reduced violations, increased intervention options for high-risk driver management, and the ability to recognize opportunities to change unsafe behaviours.
What happens during a risk assessment? Take a look at what you can expect.
Northbridge offers a number of specialized training courses and programs, from customized Safety Manager Workshops to defensive driving and safety seminars, like our FACTS driving programs.
The Northbridge Risk Services training center has something for every fleet. Connect with our Risk Services consultants for more information about our training offerings.
Resources for Transportation & Logistic Services
Dash cams can offer drivers more control over collision reporting and liability. This technology can capture images and videos of crashes and near misses, offering
Your business is all about moving forward. That’s why, in an industry filled with risk, staying protected from whatever lies ahead on the road is
Policies underwritten by Northbridge General Insurance Corporation.