In recognition of the dangers posed by commercial trucks, the federal government enforces strict regulations regarding the trucking industry. These regulations mean that particular coverages are needed.
Primary Liability Insurance coverage protects you from damage or injuries to other people as a result of a truck accident. This semi truck insurance coverage is mandated by state and federal agencies and proof of coverage is required to be sent to them. We provide insurance coverage limits ranging from $35,000 to $1,000,000. Pricing is dependant on region, driving records, and history of the trucking operation
Trucking Physical Damage Insurance is coverage for your commercial truck and trailer. This insurance coverage is for repair or replacement for damage resulting from things such as collision, fire, theft, hail, windstorm, earthquake, flood, mischief, or vandalism to your owned vehicles. Pricing is based on the value of your equipment and usually pays a percentage of that value. This semi truck insurance coverage may be required by the lien holder of your vehicle.
Motor Truck Cargo insurance is needed to protect the carrier in case of lost freight or damaged goods. There is a maximum load limit per vehicle with this policy. Truck insurance coverage limits can range from $10,000 to $100,000 with excess policies available upon request. Pricing for this insurance is mainly dependant on the type of cargo being hauled.
Workers Compensation insurance policies actually provide two types of protection. One covers the cost of medical expenses and disability payments if employees are injured or exposed to illness-causing substances while on the job. The other provides businesses with liability protection in case they are sued for damages arising from employment-related accidents or diseases.
Typically, Workers Compensation will pay for:
- Medical benefits for job-related injury or disease
- Disability income benefits, including compensation for lost wages
- Rehabilitation benefits to help an injured worker return to productive work
Be advised, in many states workers compensation is not optional. As a business owner you are required to carry this coverage.
Non-Trucking Liability (Bobtail Coverage) provides limited liability truck 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, or pulling a loaded trailer. For example, this 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.
This coverage protects semi truck operators from occupational as well as non occupational injuries at an affordable rate. Benefits include: accidental death, accidental medical expense, temporary total disability and continuous total disability.
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