Disability insurance for owner-operated truckers and trucking companies

Obviously, it is more expensive to insure a truck driver than an accountant. Whether you’re driving an 18-wheeler across the country or delivering packages around town, being a driver is demanding work. Your work may include heavy lifting, pushing a two-wheel dolly in and out of buildings, and manoeuvring an unwieldy vehicle across highways and through rush-hour traffic. The nature of your work means a number of injuries or illnesses can keep you off the road for an extended period. If that happens, your income will dry up.

If a long-term disability prevented you from making a living, for how long you and your family could survive without your regular income?

Who pays for long term disability in Canada?

The employer covers the premiums necessary to allow disability insurance coverage if the worker is injured, sick, or otherwise may not continue to perform their duties at work. If the injury or illness is job-related, workers’ compensation may replace some of your lost income. But if you’re hurt in another way and can’t work, where will your income come from?

Disability insurance for independent truck drivers from $10.50 per month

This simplified disability insurance is designed for independent truck drivers. It’s an easy and affordable way to protect your income and your lifestyle if you become injured or ill and are unable to work. No medical exams required and monthly payments start from $10.50 per month for injury-only coverage.

Disability insurance key features and benefits

• No Medical Exam: Answer just a few basic questions to apply for both injury-only and injury and sickness coverage. You can also receive injury-only coverage if you do not qualify for sickness coverage.
• Affordable coverage: Premiums start as low as $10.50 per month for injury-only coverage.
• Tax-free monthly benefit: Choose a monthly benefit of $500, $1,000 or $1,500 (75% of your gross monthly income is the maximum). You can receive this monthly benefit for up to two years if a covered illness or injury prevents you from working.
• 24-7 coverage: Whether you are at work, at home or enjoying your favourite leisure activity, you are covered.

• Your monthly benefits: Calculation of your monthly benefits is based on your GROSS INCOME
• Waiver of premiums during disability period

• Portable: Unlike coverage you may have through your employer, you can keep your policy if you change jobs.
• Total disability benefits: Receive a monthly benefit for up to 2 years if a covered illness or injury completely prevents you from working.

• Partial disability: Partial disability option is on when an insured person is not considered a total disability
• Rehabilitation program: Rehabilitation program is optional and includes professional services necessary to learn new duties based on your needs.

• Easy to apply: You can apply online in as little as 15 minutes.

Disability Insurance for trucking companies – WSIB alternative

In Canada, it’s the law that every trucking company must have a disability insurance policy that replaces workers income in case of injury on the job. There are two types of disability insurance:

1. Government run insurance commonly referred to as Worker’s Compensation
2. Disability insurance from private companies such as National Truck League

National Truck League created an alternative product for Canadian trucking companies to help save on fixed expenses, offer more coverage and create a more personal service experience. The policy covers a fleet 24/7 while employees are on or off the job. Whether you are looking for more coverage, better pricing or a better service experience for your fleet’s insurance plan, National Truck League’s Truckers disability policy is the right fit for your business and a great WSIB alternative.

Disability insurance from National Truck League provides unique benefits and will not subrogate against your commercial insurance. This prevents claims going on your commercial policy, allowing your rates to stay low with confidence in your renewals.

Preferred pricing program for owner-operators

National Truck League ensures your owner-operators receive preferred pricing, often more than 50% less than premiums for individual policies and does not affect their self-employed status.

National Truck League Disability insurance key features and benefits

• Weekly benefit: If you become disabled due to an accidental injury and you’re unable to work, this policy will provide you with weekly income until you are healthy again.
• On or off the job coverage: Whether you are injured while getting out of your truck or you are at home doing a household chore, our coverage is 24/7 on or off the job.
• AD&D: Accident death and dismemberment coverage is included with this policy.
• Permanent and total disability lump sum: If you become permanently or totally disabled, we will pay you a lump sum amount.
• Critical illness: Payment in the event of you being diagnosed with cancer (life threatening), coma, heart attack, kidney failure, severe burns and stroke.
• 1st Payor: Protect your commercial insurance policy from high claim amounts by having our policy pay coverage prior to your commercial policy.

Optional coverage

• Weekly benefits to age 70: What if you suffer a long-term disability slipping off your truck just once? This policy offers optional coverage that provides you with weekly benefits until age 70.
• Sickness coverage: What if you suffer a disability due to sickness? Receiving income after an event like that gives great peace of mind. The policy offers optional coverage that provides you weekly benefits for disability due to sickness.
• Long term protection: Do you want access to sickness coverage and life insurance without medical underwriting? This insurance offers optional coverage that provides long term protection for disability as well as life insurance.

Disability insurance gets your business to fleet status to give you the freedom of approving your own drivers allowing your business to grow with safety top of mind.