Canal Indemnity Company, Tennessee (TN), Phone Number, Reviews, Ratings

Canal Indemnity Company is a commercial truck insurance company that has been serving the transportation industry since 1939.

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Learn everything you need to know about Canal Indemnity Company, a leading commercial truck insurance provider in Tennessee/IMAGE CREDIT: Facebook

It offers a range of insurance products and services, including auto liability, motor truck cargo, physical damage, trucker’s general liability, and risk management services.

In this article, we will explore what Canal Indemnity Company is, who owns it, how it operates, and what benefits it offers to its customers in Tennessee.

Canal Indemnity Company Phone Number and Contact Information

If you want to contact Canal Indemnity Company for your commercial truck insurance needs, here is their phone number and contact information:

Phone Number: 800.452.6911
Mailing Address: P.O Box 7, Greenville, SC29601
Street Address: 101 N. Main Street, Greenville, SC 296012
Email: info@canalinsurance.com
Fax Number: 864-527-35251
You can also visit their website https://canalinsurance.com

Who owns Canal Indemnity Company?

Canal Indemnity Company is a subsidiary of Canal Insurance Company, which is a privately owned company that is controlled by the Timmons family.

The Timmons family has been involved in the transportation industry since the early 1900s and founded Canal Insurance Company in 1939.

The company is headquartered in Greenville, South Carolina, and operates nationwide through select professional general agents1.

Canal Indemnity Company Reviews and Ratings

Canal Indemnity Company has a reputation for providing quality insurance products and services to its customers.

It has received positive reviews from its customers, who appreciate its competitive rates, flexible coverage options, and responsive claims service.

Canal Indemnity Company also has a strong financial rating from Demotech, Inc., which is an independent financial analysis firm that evaluates the financial stability of insurance companies.

Canal Indemnity Company has an A (Exceptional) rating from Demotech as of December 31, 2022.

This rating indicates that Canal has exceptional financial strength and claims-paying ability.

Who are the Members of a Risk Retention Group?

A risk retention group (RRG) is an insurance company owned and operated by its members, who share an everyday liability exposure.

An RRG can provide liability insurance coverage for any type of risk, except workers’ compensation, personal lines, and property damage.

The members of an RRG benefit from lower premiums, broader coverage, and better service than they would get from traditional insurance companies.

The members also share in the profits or losses of the group.

It is not an RRG, but a regular insurance company that is regulated by the state of South Carolina.

However, it does offer some of the advantages of an RRG to its customers, such as customized coverage, risk management services, and claims advocacy.

Conclusion

Canal Indemnity Company is a commercial truck insurance company that has been serving the transportation industry since 1939.

It is owned by the Timmons family and has a strong financial rating from Demotech.

It offers a range of insurance products and services to its customers in Tennessee, who appreciate its competitive rates, flexible coverage options, and responsive claims service.

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