Truck Insurance
Truck Insurance
We specialize in saving you money
Common Types of Truck Insurance
Primary Liability
Primary Liability Insurance coverage protects you from injury or damage to others as a result of a truck accident.
This coverage is mandated by state and federal agencies and proof of coverage is required to be sent to them. We provide coverage limits ranging from $35,000 to $1,000,000. Pricing is dependent on region, driving records, and history of the trucking operation.
Physical Damage
Physical Damage insurance: Covers the repair or replacement of the truck or trailer in event of a collision, fire, theft, hail, windstorm, earthquake, flood, mischief, or vandalism to your owned vehicles. Premium is based on the value of your equipment. This coverage is optional and may be required by the lien holder of your vehicle.
Motor Truck Cargo
Covers a loss in event of damaged or lost freight. Pricing for this type of truck insurance is mainly dependant on the type of cargo being hauled.
Trailer Interchange
Covers the legal liability for the legal liability of truckers for loss or damage to non-owned trailers and equipment which are in the insured's possession under a written trailer interchange agreement.
Non-Trucking Liability (Bobtail Coverage)
Provides limited liability insurance for owner-operators who are permanently leased to an ICC regulated carrier. It provides limited liability protection when the owner-operator is not on dispatch, nor pulling a loaded trailer. For example, this truck insurance coverage would apply when the owner-operator gets their truck washed or brings their trucks into a shop for repairs. Once the owner-operator is under dispatch, they are covered under the Primary Liability insurance policy of the company that they are leased to.
ICC Authority
Interstate Operating Authority is permission granted by the federal government to transport regulated freight across state lines. Interstate Operating Authority is now granted by the Office of Motor Carrier Safety Administration under the auspices of the Federal Highway Authority. Unlike many of the other regulations governing interstate operations, there is no minimum weight threshold that requires compliance. Any vehicle operating for hire in interstate transportation of regulated freight or passengers must have operating authority. Our in-house Truck Insurance ICC practitioner can handle all of your necessary filings.
General Liability Insurance
Protection for injuries or property damage sustained while on your premises, using your products or services, or because of a breach of contract are some of the more customary types of risk this coverage is intended for. This policy can also include many options specific for your type of business (ie: pollution; environmental; underground; professional).
Dump Truck Insurance
Dump truck insurance is a specialty line of insurance products within truck insurance, and is exclusively for the dump truck operator.
Intermodal Trucking Operations:
Truckers hauling ocean containers or rail freight have their own set of unique requirements from the insurance industry. Comprehensive auto liability on any auto basis is frequently mandated by the steamship lines. Trailer interchange and Motor Truck Cargo also become issues from the intermodal carrier. In the major metropolitan areas hijackings and cargo theft need to be properly addressed and the extensive use of owner operator independent contractors become a legal issue with respect to both the workers compensation and IRS payroll tax obligations.
