The Guarantee Announces New Strategic Partnership with NAL Insurance

Toronto, ON (July 24, 2017) – The Guarantee Company of North America (The Guarantee) has partnered with NAL Insurance to offer customers of the innovative Guarantee Transportation Solution (GTS) program with a comprehensive Workplace Safety and Insurance Board (WSIB) Coverage Alternative for their Owner Operators. The partnership, effective immediately and available only to customers in Ontario, also aims to educate and guide fleets on the importance of implementing a comprehensive WSIB Alternative.

“When an Owner Operator opts out of WSIB, it opens up the potential of a lawsuit to the fleet and their customers”, says Glenn Caldwell, Vice-President of Sales at NAL Insurance. “In the event of a Motor Vehicle Accident (MVA), normally WSIB would cover lost income and medical expenses. But with Owners Operator’s that have opted out of WSIB, these claims can go directly to the Statutory Accident Benefits section of a fleet’s primary policy which can lead to huge rate increases the following year.”

“When an insured carrier allows their Owner Operators to opt out of WSIB coverage, The Guarantee looks for best practice controls in place to help protect the insured,” says John Farquhar, Transportation Risk Solutions Specialists at The Guarantee. “These best practice controls must include a good solid alternative workplace coverage that is mandated for all Owner Operators.”

The WSIB alternative must be administered by the insured carrier either with the owner operator paying into the program and the provider monitoring compliance with reports back to the insured, or the insured paying for the program on behalf of the Owner Operator. These controls are put in place to minimize the risks associated with opting out of WSIB. For more information on this partnership, please visit

About The Guarantee
The Guarantee Company of North America is a leader in specialty insurance and surety within the North American marketplace. We offer in-depth knowledge and expertise in niche segments, including the surety industry, corporate insurance, transportation industry, credit, and customized personal insurance. For more information, visit

About NAL Insurance
NAL Insurance is the fastest growing and leading provider of WSIB Alternative solutions to Owner Operator fleets in Ontario. Currently they insure more than 280 Fleets and over 8000 Owner Operators.  Their proprietary on-line system allows fleets to administer the program as well as monitor ongoing claims to avoid duplication of benefits. For more information, visit

Source: The Guarantee

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