Commercial truck insurance provides coverage for various aspects of trucking operations, including:

Liability Coverage: This covers damages and injuries caused to others in an accident where the insured truck is at fault. It includes bodily injury liability, which pays for medical expenses and lost wages of injured parties, and property damage liability, which covers damage to other vehicles or property.

Physical Damage Coverage: Also known as collision coverage, this protects the insured truck against damage caused by collisions with other vehicles or objects, regardless of fault. It typically covers the cost of repairing or replacing the truck.

Comprehensive Coverage: This covers damage to the insured truck caused by non-collision incidents, such as theft, vandalism, fire, natural disasters, or falling objects.

Cargo Insurance: This covers the value of the cargo being transported in the event of theft, damage, or loss during transit. Cargo insurance can be tailored to specific types of cargo and transportation needs.

Uninsured/Under-insured Motorist Coverage: This protects the insured truck and its occupants if they are involved in an accident with a driver who lacks sufficient insurance coverage or is uninsured.

Medical Payments Coverage: This pays for medical expenses incurred by the driver and passengers of the insured truck, regardless of fault, in the event of an accident.

Trailer Interchange Coverage: This provides coverage for physical damage to trailers that are not owned by the insured but are in their care, custody, or control.

Non-Trucking Liability Coverage: Also known as bobtail insurance, this covers the truck when it is being driven without a trailer for personal use or under circumstances not related to business operations.

The vehicle’s weight influences the cost of insurance policy. Higher coverage limits are needed for heavier vehicles, which raises the cost of insurance. Trucking insurance might also be more costly in some locations.

The cost of trucker’s insurance will be greater if you run your truck or vehicles primarily on congested roadways or in areas where the cost of living is high. The cost of trucking insurance also depends on the kind and value of the cargo being transported.

While commercial truck insurance helps trucking businesses to operate uninterruptedly and gives protection from all likely risks, there are a few things that are not covered in it such as:

● Non-accidental damages like wear and tear, mechanical breakdown, improper operation, etc.

● Damages occurring due to irresponsible driving such as traffic violations, the influence of alcohol, etc.

● Losses arise in the event of war, nuclear risks, intentional damages, etc.

In many case, yes, employees or workers who operate your commercial trucks as part of their job duties are typically covered under your commercial truck insurance policy. Commercial truck insurance policies often include coverage for both the truck itself and the individuals who operate it, including:

Liability Coverage: This protects your business if your employee is at fault in an accident that causes injury or property damage to others. It covers legal fees, medical expenses, and damages awarded in lawsuits resulting from the accident.

Medical Payments Coverage: This pays for medical expenses incurred by your employees or workers if they are injured in an accident while operating the insured truck, regardless of fault.

Uninsured/Under-insured Motorist Coverage: This protects your employees if they are involved in an accident with a driver who lacks sufficient insurance coverage or is uninsured. It covers medical expenses and lost wages if the other driver is at fault and cannot pay for damages.

Worker’s Compensation Insurance: While not typically part of a commercial truck insurance policy, worker’s compensation insurance is a separate coverage that provides benefits to employees who are injured or become ill in the course of their employment. It covers medical expenses, rehabilitation costs, and lost wages for injured employees and helps protect employers from potential lawsuits related to workplace injuries.

It’s essential to review your commercial truck insurance quote or policy carefully to understand the extent of coverage provided for your employees and workers. Additionally, you may want to consider obtaining workers’ compensation insurance to ensure comprehensive protection for your employees and compliance with legal requirements in your jurisdiction.

● Your driving record

● The age and condition of your truck

● The type of goods you transport (hazardous materials are higher risk)

● Your location

● MVR records

● Your credit score (in some instances)

Not all freight is covered under a standard cargo insurance policy. Common exclusions include:

● Cargo stored in a warehouse for over 72 hours.

● Shipping containers.

● Specialized vehicles (e.g. garbage trucks, passenger buses, hearses).

● High-risk cargo such as artwork, jewelry, cash and paper currency, live animals, contraband, pharmaceuticals, alcohol, and tobacco, explosives.

To avoid surprises, always read your policy carefully and ask your insurance provider about any exclusions before signing up for coverage.

The following coverages are the most common for trucking and transportation:

Commercial Auto Liability: $1,000,000

Physical Damage Coverage: $1,000 deductible

Motor Truck Cargo: $100,000

Non-Owned Trailer Coverage: $1,000 deductible

FMCSA MC Authority with a DOT number. Truck registration requires IRP, Single State Registration (SSRS) and IFTA. Depending upon which states you operate in, there may be individual state permits needed also.

Yes, you can cancel your policy at any time. You should check with your agent to make sure there aren’t any cancellation penalties. Most truck insurance policies utilize an outside billing company (Premium Finance) and an early cancel request in that case will have no cancel penalties. Cancellation will not affect your credit. You are, however, expected to pay all premiums that have accrued to your account.

No, you will need non trucking liability.