Primary auto liability insurance is a crucial coverage for truckers, providing essential protection for your operations. Primary auto liability insurance covers damages and injuries you may cause to others while operating your truck. It is often legally required for commercial trucking operations to have a minimum amount of liability insurance to have an active authority to transport cargo. Without adequate liability coverage, you could face significant out-of-pocket costs from lawsuits or claims resulting from accidents.
Cargo insurance provides financial protection for goods transported by truck in the event of loss, damage, or theft during transit. It covers a wide range of scenarios, ensuring that both you and your clients are protected. Many shippers require proof of cargo insurance before agreeing to work with a trucking company. This shows that you are responsible and prepared for any potential risks. Without cargo insurance, a loss can significantly impact your bottom line. Insurance helps mitigate these financial risks.
Trailer interchange insurance covers damages to a trailer while it is in your custody but not owned by you. This coverage is essential for trucking companies that often lease or borrow trailers from other companies for transportation purposes.
This is a crucial coverage that protects your trucks and trailers from damage or loss caused by accidents, damage due to bad weather, theft, flood, or fire. This type of insurance covers the physical repair or replacement costs of your vehicle, which are not covered under general auto liability insurance.
If you are an owner-operator or a leased driver, you may already have primary liability coverage under the motor carrier’s insurance policy while hauling freight. However, when you are not transporting a load (e.g., during personal use, returning home, or traveling for another purpose), you may not have adequate coverage. Non-trucking liability insurance helps fill this gap. Without non-trucking liability, if you are involved in an accident while your truck is not under dispatch, you would be personally liable for damages and legal costs. This type of coverage protects you from that risk.
Covers the cost of medical treatment for injuries sustained during work-related activities. This can include hospital bills, doctor visits, surgeries, rehabilitation, and other necessary treatments resulting from accidents on the road. This coverage offers a lump-sum payment to the driver or their beneficiaries if the driver dies or loses a limb or other body parts in a work-related accident. This coverage can provide crucial financial support for the family or driver’s dependents.
This coverage is essential for protecting businesses and their employees in the event of work-related injuries or illnesses. This insurance provides financial benefits to employees who are injured or become ill due to their job, covering medical expenses, rehabilitation costs, and lost wages. It also protects employers from lawsuits related to workplace injuries.
