Let’s face it: a collision with a fully laden 18-wheeler on a congested major highway might be terrible for everyone involved. Truckers face a number of risks, ranging from road accidents to breakdowns, and your company requires commercial trucking insurance to protect its interests.
Commercial trucking insurance is essential for protecting your transportation firm from such calamities, whether you are an owner-operator or manage a fleet of commercial trucks! Commercial trucking insurance is similar to commercial auto insurance in that it covers the risks associated with operating big commercial trucks.
Choosing the right trucker insurance might be tricky. Coverage varies depending on the vehicle utilized, the products transported, and the distance traveled.
Truckers’ Insurance Key Elements
Primary Liability Insurance:
Primary liability insurance is needed by law and covers bodily injuries and property damage caused to others in the event of an accident. It protects both drivers and their employers from legal and financial repercussions.
Cargo insurance protects the products in transit. It safeguards cargo against damage, theft, or loss while in transportation. Because of the diverse nature of the commodities transported, cargo insurance coverage may be tailored to specific needs.
Physical Damage Insurance:
This coverage includes the vehicle itself, protecting it from collisions, wrecks, and vandalism. It provides comprehensive and collision coverage, ensuring that the truck’s value is safeguarded.
Bobtail insurance covers trucks that are operated without a trailer. It protects the vehicle and driver during non-cargo operations, such as returning from a delivery.
Nontrucking Liability Insurance:
Non-trucking liability insurance, often known as bobtail insurance, protects the truck and driver while they are not actively involved in commercial activity.
General Liability Insurance:
This insurance covers third-party claims for physical injury and property damage that may emerge while a trucking company’s facilities, such as a loading dock or warehouse, are in use.
Downtime insurance compensates truckers and businesses for money lost when the vehicle is out of service due to insured accidents, hence ensuring financial stability.
Protect Yourself From
- Truck accidents and bodily damage
- Other people’s bodily hurt and property damage (usually a $1 million minimum)
- Uninsured and underinsured drivers
- Upheaval, overturn, fire, thievery, vandalism, and other forms of loss
- Customers’ cargo might be damaged, destroyed, or lost.
- Accidents occurred while loading and unloading.
- Non-truck-related injuries and property damage, as well as workplace incidents not covered by workers’ compensation.
- Physical damage to a third-party trailer
- Personal injury and property damage resulting from truck usage
- Property damage or loss happened during storage, cross-docking, packaging, and so on.
- Downtime and non-operational vehicles.
- Liability for pollution, cleaning, and contamination.
- Non-trucking Hazmat claims, incorrect deliveries, and so on.
- Loan and lease payment gaps in the event of a total vehicle loss
- Rental fees for a vehicle and trailer in the event of a collision
- Vehicle damage while hauled
- Personal injury or property damage resulting from garage company actions
When selecting trucker or semi-truck insurance, you should seek expert advice because your demands will dictate your specific insurance coverage.
Our team at World Insurance Associates has over 50 years of experience in transportation insurance, and some of us were former truck drivers! We work with all fleet kinds and specialize in hard-to-find companies; there is no fleet for which we cannot find commercial truck insurance.
We provide a variety of A-rated carriers in 50 states, customizable guidelines, price and policy term marketing, expert certificate ID aid, an in-house claims department with a 24-hour hotline, and bilingual Spanish support.
We can also make your life easier by offering on-demand certificate printing, online claims reporting, electronic UIIA and FMCSA filings, and online policy summaries. Allow our professionals to provide you with a commercial truck insurance quote for a personalized plan to protect your drivers, vehicles, and organization.