CHES Special Risk Announces Comprehensive Mobile Equipment Insurance to Safeguard Trucks and Trailers

TORONTO, ON, JUNE 18, 2024/insPRESS/ – CHES Special Risk is pleased to present a comprehensive insurance package specifically designed to protect mobile equipment, trucks, and trailers. The MGA’s all-encompassing coverage includes Mobile Equipment Insurance, Commercial General Liability (CGL), and Office Contents Insurance, ensuring thorough protection against physical damage.

CHES’s Mobile Equipment Insurance offers robust protection against unforeseen circumstances such as accidents or natural disasters, safeguarding essential business assets. Andre Prasad, Senior Underwriter at CHES Special Risk, underscores the importance of this comprehensive coverage: “Protecting the core operational assets of businesses, especially in the trucking and trailer sectors, is critical. Our insurance solutions provide peace of mind, knowing that in the event of damage, measures are in place to mitigate financial loss and ensure business continuity.”

Package Extensions Include:

Continuing Rental or Lease
Expense Protection and Prevention of Property
Debris removal
Rental Expenses
Ice or Muskeg cover

Real-World Applications of the coverage offered:

Accidents on the Road: A trucking company faces a major collision resulting in extensive trailer damage. Mobile Equipment Insurance covers repair costs, while the Debris Removal extension handles the clean-up, allowing the company to resume operations promptly.
Natural Disasters: A severe ice storm impacts a fleet of trucks at a depot, causing significant damage. The Ice or Muskeg Cover extension provides financial relief for repairs, while the Continuing Rental or Lease Expense extension ensures lease payments do not add to the burden during recovery.
Operational Interruptions: A critical piece of mobile equipment breaks down and needs temporary replacement. The Rental Expenses extension covers the cost of renting replacement equipment, ensuring business continuity without additional out-of-pocket expenses.

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Commitment to Client Needs

CHES Special Risk is dedicated to delivering tailored insurance solutions that meet the unique needs of brokers and clients. For more information about the Mobile Equipment Insurance and comprehensive packages from CHES, please contact the underwriting team directly at info@CHESspecialrisk.ca

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ABOUT CHES Special Risk Inc.

CHES Special Risk Inc. was established as a Managing General Agent and Wholesale broker in 2004, in response to broker demand to a hardening marketplace, commencing with a particular specialty in the entertainment and hospitality business, later becoming a fully accredited Lloyd’s cover holder in 2009. CHES Special Risk and Sister Companies are a fully Independent MGA delivering “A” rated capacity both in the hard to place, and standard lines classes and support their retail brokers in growing and developing their businesses.

Additional information regarding CHES Special Risk can be found at: http://www.CHESspecialrisk.ca.

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If you would like more information about this topic, please call us at 416-452-7850 or email Gary.Hirst@CHESspecialrisk.ca