Canal Insurance Company, 82 years young and with an eye on a vibrant future, has announced plans to expand operations in Greenville County by relocating to a new headquarters location on North Main Street in downtown Greenville. The move aligns with the commercial truck insurance company’s strategic plans for current and future growth.
Founded in 1939, and rated A- (Excellent) by A.M. Best, Canal specializes in insurance for commercial trucking and other specialty transportation operations. The company provides comprehensive insurance products and services including auto liability, motor truck cargo, physical damage, trucker’s general liability coverages and risk management services.
Currently headquartered at 400 East Stone Avenue in Greenville, Canal will relocate to 101 N. Main Street – the former Bank of America Building – in mid-2022 to support the company’s growth plans and further increase its commitment to more than 230 employees and the Greenville community. Having hired 85 new employees over the last 3 years, Canal has shown its dedication to job creation in the area, and the relocation will continue to strengthen its recruitment efforts. The company currently has an additional 10 open positions featured on its website.
“On behalf of Canal shareholders and employees, we are excited to deepen longstanding roots in South Carolina and further invest in our people and the community with the decision to move to the 101 North Main building, said Paul Brocklebank, President and CEO of Canal Insurance Company.
“As a family-owned company, we have considered Greenville home for more than 80 years and share a keen appreciation for the advantages of expanding operations and recruiting employees in such a vibrant city and business environment. We view the new office space and location to be a smart fit with the Canal strategy and focus on collaboration and innovation, as we craft new insurance products and services designed for the next generation of motor carrier customers.”
Over the last decade, the company has begun to operate “more like a start-up than an eight- decade-old organization,” added Mr. Brocklebank, pointing to Canal’s new product offerings, innovative initiatives, incorporation of leading-edge technology and commitment to adding “an entirely new caliber of employee” to take the organization into the future, he said.
Canal Insurance Company will take approximately 65,000 square feet of office space at 101 N. Main Street for its new corporate headquarters, and will have exclusive exterior signage rights, signifying the company’s long-term commitment to Main Street. The location anchors Greenville’s ONE City Plaza in the heart of downtown Greenville. Following an upfit of the space, Canal will become the anchor tenant in the tower, occupying five floors and over one-third of the building. Collier’s office brokerage team represented Canal in the transaction.
Canal’s newly upfitted headquarters is expected to be ready for occupancy by mid-year 2022. Individuals interested in joining the Canal team should visit the company’s careers webpage.