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Commercial auto insurance for trucking companies

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Commercial auto insurance

Commercial auto insurance can pay for property damage and medical bills in an accident involving a business-owned vehicle. It also covers theft and certain types of damage.

Commercial auto insurance provides critical protection in an accident

Your truck drivers might be the best on the road – but they still have to contend with other drivers. An accident could lead to another person getting seriously injured, or your semi truck getting totaled.

Your trucking company could end up paying thousands of dollars, especially if another person is injured. Compared to the low monthly cost of an insurance premium, it’s easy to see why commercial auto insurance is the better deal.

How does commercial auto insurance protect you?

Commercial auto insurance helps pay for the cost of lawsuits, property damage, medical bills, and other expenses arising from an accident. It also covers vehicle theft, along with repairs from vandalism and weather events.

Your policy can be customized to match your business. For example, a truck that operates within state lines may need less coverage than a freight truck with an extensive interstate route.

Who needs commercial auto insurance?

Company-owned vehicles such as semi trucks and delivery trucks must be covered by commercial auto insurance.

You may need commercial auto insurance if you:

  • Operate a commercial truck or company vehicle
  • Offer haul trucking and freight services
  • Transport or deliver goods

State regulations determine how much coverage you need. Your commercial auto insurance must meet your state’s liability insurance requirements.

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What coverage can commercial auto provide for trucking businesses?

You can tailor your commercial auto insurance policy to match the needs of your commercial trucking business. Your policy may cover:

Legal expenses

If your small trucking business is sued over an accident, legal defense fees can add up quickly. You could also end up having to pay a settlement or court-ordered judgment.

Medical expenses

If an accident injures your truck driver or any passengers, your policy can cover the cost of medical care.

Collision

Collision coverage pays for damage to your freight truck or other company vehicle, regardless of who is at fault.

Uninsured motorists

This coverage pays for damage caused by drivers who don’t have insurance.

Non-collision damages

Comprehensive insurance covers non-collision damages, including vandalism, theft, and fire.

Personal or rented vehicles may need additional coverage

Commercial auto insurance only covers business-owned vehicles, but sometimes employees drive their own vehicles for business purposes. Personal auto policies almost always exclude coverage for business use.

Hired and non-owned auto insurance provides liability coverage for trucking professionals who get into an accident while driving a personal vehicle to conduct company business. It also covers leased and rented vehicles.

Consider general liability for coverage of common risks

While commercial auto insurance is crucial for a small trucking business, it does not cover risks beyond those related to your vehicles. General liability insurance covers expenses from common accidents not related to your vehicle, such as a customer injured from a fall in your office. Small business owners can often bundle it with property insurance for savings in a business owner’s policy.

Get free quotes and compare policies with Insureon

Are you ready to safeguard your company’s trucks and drivers with commercial auto insurance? Complete Insureon’s easy online application today. Once you find the right policy, you can begin coverage in less than 24 hours.

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