Insurance Coverages for Truckers

Auto Liability Insurance

Auto liability insurance is a mandatory coverage for truckers. It protects you against financial losses if you're involved in an accident and are found at fault. This coverage typically includes:

• Bodily injury liability: Covers medical expenses and lost wages for injuries caused to others in an accident.
• Property damage liability: Covers the cost of repairing or replacing property damage caused by an accident.

Motor Truck Cargo Insurance

Motor truck cargo insurance protects your cargo in transit against loss or damage due to accidents, theft, or other perils. The coverage amount should reflect the value of your cargo.

Physical Damage Insurance

Physical damage insurance covers the cost of repairing or replacing your truck if it's damaged in an accident. This can include collision coverage and comprehensive coverage.

Having adequate insurance coverage is essential for protecting your business and your personal assets.

General Liability Insurance

General liability insurance protects your business against claims of bodily injury, property damage, or personal injury caused by your business operations. This includes liability arising from accidents on your property or due to your products or services.

Excess or Umbrella Insurance

Excess or umbrella insurance provides additional coverage on top of your existing auto liability and general liability policies. It can help protect you against significant financial losses in the event of a catastrophic claim.

Non-Trucking Liability & Bobtail Insurance

Non-trucking liability insurance covers you when your truck is not in use for commercial purposes. Bobtail insurance is a specific type of non-trucking liability insurance that covers you when your truck is not attached to a trailer.

Occupational Accident Coverage (OCC/ACC)

Occupational accident coverage provides benefits to you or your employees in the event of an on-the-job accident resulting in injury or death. This coverage can help with medical expenses, lost wages, and rehabilitation costs.

Choosing the Right Insurance for Your Trucking Business

The specific insurance coverages you need will depend on factors such as the type of truck you operate, the types of cargo you transport, your business operations, and your risk tolerance. Working with a knowledgeable insurance agent can help you assess your needs and find the most suitable coverage for your trucking business.

Remember, having adequate insurance coverage is essential for protecting your business and your personal assets. A well-insured trucking operation can provide you with peace of mind and financial security.