Large Deductible Policies
If you’re a motor carrier that runs a safety-minded workplace and you’re focused on cost control, Great West provides Large Deductible risk financing options. These options are tailored to motor carriers who want to assume more risk for their operations.
A Large Deductible plan means your company funds the “first layer” of a loss. Your trucking company purchases a Workers Compensation policy or truck insurance policy with a minimum deductible. When a loss occurs, Great West provides administrative and claims-handling services, and your trucking company reimburses Great West for any losses below the per-claim deductible you’ve selected.
Deductible options for Workers Compensation start at $75,000. For truck insurance, they start at $25,000.
Guaranteed Cost
If you’re a trucking company that is budget conscious and prefers to keep your insurance costs stable, a Guaranteed Cost policy is a risk financing option that may be a good fit for you.
A Guaranteed Cost plan for your truck insurance or Workers Compensation policies is not subject to adjustment due to losses that occur during the policy term.
