Commercial Trucking Insurance

Everything You Need To Know About Trucking Coverage

Commercial trucking is the lifeline of the US economy. This is an industry solely responsible for moving about 72.5 % of total freight by weight in the country.

The strength and stature of this industry is paralleled by its numerous risks and setbacks. If you own a trucking company, you probably already know how challenging it is to be in this business. Besides trucking insurance being mandated by law, most truck drivers and truck owner-operators prefer getting a wide range of policies for their safety.

Hence, read more to get complete information about buying the right commercial trucking coverage that meets all your insurance needs. Also, get connected with trucking insurance experts in USA to purchase the best policy.

Commercial Trucking Insurance

Frequently Asked Questions

How can I figure out what kind of commercial trucking insurance I require?

Talking to an insurance specialist is the best way to figure out what you need. They can walk you through your options and help you choose the best ones for you.  

However, the forms of insurance coverage that are most appropriate for you will be determined by a variety of circumstances, including the following: 

  • Age  
  • Driving records 
  • Condition of your vehicles 
  • Use of your trucks and cargo 
  • State and federal requirements 
  • Distance travelled 

What kind of insurance do I need for commercial trucking?

Liability, Physical Damage, Cargo and General Liability are some specified coverage you need for trucking business.

Do truck drivers need separate insurance coverage?

Truck drivers usually need to have their own insurance policies that cover them for any accidents or damage that they may cause while driving. Cargo insurance is also a common requirement for truck drivers, as it covers any goods that are being transported and can become damaged or lost in transit.

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Types Of Commercial Trucking Insurance

Here are the major types of commercial trucking insurance available in the U.S.:

  1. Box Truck Insurance
  2. Semi-Truck Insurance
  3. Dump Truck Insurance
  4. Tow Truck Insurance
  5. Flatbed Truck Insurance
  6. Car-Haulers and Auto Trailers Insurance
  7. Tank Truck Insurance
  8. Bobtail Insurance
  9. Short-Term Trucking Insurance
  10. Pick-Up Truck Insurance

What Does Commercial Trucking Insurance Cover?

General Liability Insurance

General liability insurance provides coverage for accidental damage, property damage, and medical bills associated with the accidents.

Workers Compensation Insurance

Workers compensation insurance provides coverage as reimbursements for employees’ lost income, medical costs of employees, and rehabilitation expenses, among others. This coverage is designed in such a way that the employees are protected from being fired or having their wages reduced for reporting injuries on the job.

Commercial Umbrella Insurance

Commercial umbrella insurance provides coverage when your current insurance policy is not enough to cover large financial losses. Commercial umbrella insurance usually covers errors & omissions, and product liability claims for trucking businesses.

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Commercial Trucking Insurance | Commercial Trucking Insurance Guide

Commercial Trucking Insurance Checklist

When you purchase commercial trucking insurance, there’s a lot to consider. Have a look through a checklist we have come up with to track your requirements.

  • Questions to ask before getting your truck insured
  • Documents and legal requirements
  • Factors affecting your premium

View the complete checklist»

Why Is Commercial Trucking Insurance Important?

Commercial trucking insurance is designed for trucks that are used for business, farming, or other commercial purposes. If you use your truck for personal reasons, you won’t be covered under a commercial truck insurance policy. 

For business operators, commercial trucking is a vital part of their operations. Without trucks to transport goods and materials, businesses would grind to a halt. Trucking companies play a vital role in keeping the wheels of commerce turning. 

Trucking insurance is monumental for the smooth functioning of trucking businesses because there are a number of risks involved in commercial trucking, including: accidents, damage to goods being transported, theft, and liability. All of these risks can be covered by insurance policies designed specifically for commercial trucking businesses.

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