Great West Casualty Company Commercial Truck Insurance Review
Overview
Great West Casualty Company is a highly respected insurer specializing in commercial truck insurance, serving the needs of motor carriers and trucking businesses across North America. As a subsidiary of Old Republic International Corporation, Great West has built its reputation on deep industry expertise, tailored coverage options, and a focus on safety and risk management for the trucking sector.
Financial Strength and Stability
Great West Casualty is recognized for its exceptional financial stability, holding an A+ (Superior) rating from AM Best, an A+ from S&P Global, and an A2 from Moody’s. These ratings reflect the company’s strong balance sheet, consistent profitability, and ability to meet its policyholder obligations, providing peace of mind to trucking businesses seeking long-term insurance partners.
Coverage Options
Great West Casualty offers a comprehensive suite of insurance products specifically designed for the trucking industry, including:
Primary Liability: Meets federal and state requirements for motor carriers.
Physical Damage: Covers collision, comprehensive, and specified perils for tractors, trailers, and equipment.
Motor Truck Cargo: Protects goods in transit against loss or damage.
General Liability: Covers non-vehicle-related business exposures.
Workers’ Compensation: Available in select states for employee injury protection.
Excess Liability/Umbrella: Provides higher limits for catastrophic losses.
Specialized Endorsements: Customizable options for unique trucking risks and operations.
Key Strengths
Industry Focus: Great West is dedicated almost exclusively to the trucking sector, allowing for deep expertise and highly tailored solutions.
Risk Management Services: The company offers extensive safety resources, driver training, and regulatory compliance support to help clients reduce accidents and control costs.
Claims Handling: Great West is known for responsive, knowledgeable claims service, with adjusters experienced in trucking-specific losses.
National Reach: Coverage is available across the U.S., with a strong network of agents and regional offices.
Potential Drawbacks
Limited to Trucking: Businesses outside the commercial trucking sector will not find relevant insurance solutions here.
Agent-Based Model: Policies are sold through independent agents rather than direct online sales, which may be less convenient for some operators.
Premiums: While competitive, premiums may reflect the specialized nature and high service level, especially for high-risk operations.
Summary Table: Great West Casualty Company
| Feature | Details |
|---|---|
| Financial Strength | A+ (AM Best), A+ (S&P), A2 (Moody’s) |
| Coverage Types | Liability, physical damage, cargo, general liability, workers’ comp, umbrella |
| Industry Focus | Exclusively commercial trucking |
| Risk Management | Comprehensive safety and compliance services |
| Claims Service | Trucking-specialized adjusters, responsive support |
| Distribution | Independent agent network |
| Customer Satisfaction | Strong reputation for expertise and claims handling |
Conclusion
Great West Casualty Company stands out as a premier insurer for commercial trucking businesses, offering robust financial strength, specialized coverage, and industry-leading risk management services. Its exclusive focus on trucking ensures clients benefit from tailored solutions and expert support. While its agent-based sales model may be less convenient for some, Great West’s reputation for claims service and commitment to the trucking industry make it a top choice for carriers seeking reliable, long-term insurance protection.