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Recommended transportation business insurance policies
These insurance policies help transportation businesses pay for costly lawsuits, data breaches, fires, storms, and other damaging incidents.
General liability insurance
This policy covers the most common lawsuits brought by people outside your business, such as trips and falls in your transportation company's office.
BEST FOR
- Slip-and-fall accidents
- Damaged customer property
- Accidental copyright infringement
Business owner's policy
A BOP is a cost-effective way for businesses in the transportation industry to buy general liability coverage and commercial property insurance together.
BEST FOR
- Accidents that harm customers
- Stolen or damaged business property
- Business interruption insurance
Commercial auto insurance
This policy covers financial losses from an accident involving your business's commercial vehicle. Each state has its own requirements for auto liability insurance.
BEST FOR
- Injuries caused by your vehicle
- Property damaged by your vehicle
- Physical damage coverage
Workers' compensation insurance
Most states require workers' comp for transportation businesses that have employees. It also covers work-related medical costs for sole proprietors, which personal healthcare can deny.
BEST FOR
- Employee medical expenses
- Disability benefits
- Workplace injury lawsuits
Cyber insurance
This policy helps truckers, haulers, and other transportation professionals recover from a data breach. It's recommended for any business that handles personal information.
BEST FOR
- Data breach investigations
- Fraud monitoring services
- Cyber extortion demands
Commercial umbrella insurance
This policy helps transportation companies meet requirements for higher limits. It boosts the coverage limits on commercial auto, general liability, and employer's liability insurance.
BEST FOR
- Multi-vehicle accidents
- Customer injury lawsuits
- Workplace injury lawsuits
Looking for different coverage? See more policies.
Does my transportation business need commercial auto insurance?
Transportation businesses that own a vehicle typically must carry commercial auto insurance. The specific car or truck insurance you need depends on:
- Where your business operates
- The type of cargo you move
- Whether you tow vehicles or other items
- Whether you use trucks or heavy equipment
The Federal Motor Carrier Safety Administration (FMCSA) has additional insurance requirements for owner operators and others in the trucking industry, especially for long-haul truckers who cross state lines.
Check the laws in your state to see when coverage is required.
How much does transportation business insurance cost?
Small transportation companies with low risks don't have to pay a lot for business insurance.
Insurance companies look at several factors when determining the price of insurance, including:
- Type of business, such as delivery service or moving company
- Value of business property
- Business location
- Number of employees
- Policy limits and deductibles
- Claims history
How do I get insurance for transportation companies?
It’s easy to find insurance for commercial transportation businesses and trucking companies with Insureon. Whether you transport people, property, or pets, you’ll need to provide some basic information about your business, such as your annual revenue and payroll.
You can buy a policy online and get a certificate of insurance (COI) that verifies your insurance coverage in three easy steps:
- Fill out our free online application.
- Compare free quotes and choose a policy.
- Pay for your policy and download a certificate for proof of insurance.
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance solutions for your business. Gain peace of mind with policies that match your specific risks, state laws, and contract requirements.
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FAQs about transportation insurance
Review answers to top questions about transportation insurance coverage.
Do self-employed transportation business owners need insurance?
Sole proprietors and independent contractors face many of the same risks as bigger companies, only with fewer resources to pay for a lawsuit or other incident. Here are a few reasons you might buy insurance, even if you don't have any employees:
- You need insurance to sign a contract or lease. Clients and landlords might require you to carry insurance as part of the terms in a contract or a commercial lease. It can also give you an edge over competitors, as clients prefer bonded and insured companies that can withstand disruptions.
- Your state laws require insurance. Most states require commercial auto insurance for business-owned vehicles. You might also need insurance to get licensed in your field.
- You need coverage for a personal vehicle. Your personal auto policy won't cover work-related driving. Hired and non-owned auto insurance (HNOA) covers the cost of accidents involving personal, rented, and leased vehicles used by your business.
- Insurance protects against catastrophic losses. Commercial insurance is a crucial part of risk management, as your homeowner’s insurance won’t cover business-related losses. It helps you recover quickly from fires, burglaries, and lawsuits that could otherwise devastate your business.
What other types of insurance should transportation businesses carry?
Depending on the work you do, your transportation business may need additional protection. These insurance products cover other risks faced by businesses in your industry:
- Business interruption insurance: Also called business income insurance, this coverage pays for financial losses when your business halts operations due to a fire, storm, or other covered property loss. It's often included with commercial property insurance or a business owner's policy.
- Employment practices liability insurance (EPLI): When a worker accuses your business of unfair hiring practices or other violations of employee rights, this policy helps pay for your legal costs.
- Inland marine insurance: Commercial property insurance only covers property at your main location, so you may need motor truck cargo insurance for items in transit or awaiting distribution.
- Mobile equipment endorsement: This auto insurance endorsement covers specialized equipment such as forklifts, tractors, and other machinery driven on public roads.