Your trucking business may also need inland marine cargo insurance, a surety bond, and trailer interchange coverage to comply with regulations and protect against industry risks.
Commercial auto and trailer coverage for truckers can pay for property damage and medical bills in an accident. Commercial auto insurance is required for trucking businesses in most states.
This policy covers common trucking risks, such as trips or falls in a dispatch office or on the grounds of any location the trucking firm uses for storage.
Most states require workers' comp for commercial trucking businesses with employees. It also covers work-related medical bills for sole proprietors, which personal health insurance could deny.
A BOP is a cost-effective way for businesses in the trucking industry to buy general liability coverage and commercial property insurance together. It protects against common lawsuits and property damage.
This policy helps trucking businesses survive data breaches and cyberattacks by paying for the cost of notifying affected clients, legal fees, and other related expenses.
It’s easy to get truck insurance quotes for your business. Whether your focus is on tow trucks, freight brokering, or off-road trucks, you’ll need to have some basic information about your business available.
Our application will ask you for your annual revenue and payroll, among other details. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed insurance agents work with top-rated U.S. commercial truck insurance companies to find you the best coverage options for your business.
Whether you’re a single owner operator or work with a whole fleet of different types of trucks, such as refrigerated trucks, semi-trucks, motor carriers, tractor-trailers, or haulers, there are insurance options to meet your trucking insurance needs.
Each state's department of transportation (DOT) requires drivers to buy a personal auto insurance policy for their vehicle, and most states require commercial auto insurance for company-owned vehicles.
However these insurance product’s coverage doesn’t cross over. Your personal car insurance policy won't cover an accident while on the job, and a commercial truck insurance policy won't apply to incidents during personal use.
Additionally, going without auto liability coverage can result in state penalties, as well as a possible loss of driving privileges. And a lack of comprehensive auto coverage also leaves your business vulnerable to tremendous financial losses if you’re involved in an accident.
If you or your company regularly uses rented or non-owned trucks, hired and non-owned auto (HNOA) insurance would protect your business. It would also cover a full-time employee driving their own truck for a work errand.
If a truck driver has just delivered their haul, this coverage would ensure they're protected while the truck is not being used for trucking purposes, such as driving home.
BAP coverage includes auto liability insurance and auto physical damage, with the option to include additional coverage. It can cover commercial vehicles that the business owns or leases, as well as employee-owned vehicles used for business purposes.
To fully protect your trucking business, we strongly recommend considering the following coverages:
Cyber insurance, also called cybersecurity insurance, insures against the high cost of a data breach or a malicious software attack. It covers the cost of customer notification, credit monitoring, legal fees, and fines.
Commercial inland marine insurance protects business property in transit, which is typically excluded from commercial property insurance.
Trailer interchange coverage provides physical damage insurance for trailers being pulled under a trailer interchange agreement and will protect you if the trailer is damaged by collision, fire, theft, explosion, or vandalism.
Motor truck cargo insurance, otherwise known as cargo insurance, provides coverage on the freight hauled by your trucking business. It covers your liability for cargo that's lost or damaged due to causes like fire, collision, or striking of a load.
A mobile equipment endorsement extends your auto insurance coverage to include “non-auto” mobile equipment, such as a tractor or forklift, while it’s driven on a public road.
Surety bonds guarantee your customer will receive financial reimbursement if your business fails to fulfill the terms of a contract. They also help small businesses obtain necessary licenses and permits.
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For many small businesses, workers’ compensation insurance is legally required if you have employees on staff. Workers’ compensation is regulated at the state level and the requirements vary...