Commercial Auto Liability

Commercial auto liability insurance is an important safeguard for your trucking business. If you or an employee is sued following a serious accident in a truck or vehicle, liability insurance helps protect your company’s assets by paying for court defense and damages done to others. A minimum amount of commercial auto liability insurance (or proof of financial responsibility) is required in most states. You need this protection if:

• Your business owns, leases, or rents any vehicles
• Employees drive company-owned, leased, or rented vehicles
• Employees drive their own vehicles while conducting business
• You or your employees drive company cars for both business and personal use

Motor Truck Cargo Insurance

Insurance for your freight or cargo.  Freight is exposed to a variety of risks as it moves through different locations, trucks, and different terminals. Cargo insurance protects you from financial loss due to damaged or lost cargo. It pays you the amount you’re insured for if a covered event such as a natural disaster, vehicle accident, cargo abandonment, customs rejection, acts of war, or piracy happens to your cargo.

Open Cargo Insurance (Ocean Marine Cargo Insurance) insures your company’s shipments on set terms, conditions, and rates, without the need to contact your insurance agent or carrier each time your cargo is moved. This all-risk cargo policy for marine, air, and ground transportation is the broadest form of shipping insurance available.

Single Cargo Insurance provides coverage on a single shipment.

Non-Trucking Liability Insurance

Non-trucking liability insurance is coverage that protects you when you use your business truck for personal use. Since you are not driving for business purposes, there is no coverage provided for personal use under your trucker’s liability or business auto policy. Most motor carriers require non-trucking liability with owners/operators that sign a lease agreement. The agreement relieves the carrier of any financial responsibility while the trucker is off-duty driving the truck. You need Non-trucking Liability Insurance if:

• You drive your truck for non-commercial purposes
• Your motor carrier requires the insurance in a lease or other written agreement
• You want to avoid high liability expenses resulting from an accident

Commercial Auto Physical Damage Insurance

Commercial Auto Physical Damage Insurance covers the cost to repair or replace your vehicle if it is damaged or stolen. Physical Damage Coverage comes in three forms:

• Collision coverage pays for physical and mechanical damage to your vehicle if it hits or is hit by an object or another vehicle, or when the vehicle is overturned. Collisions can occur between other cars or stationary objects.
• Comprehensive coverage pays for any losses to your covered vehicles that are not covered by collision coverage. Common causes of loss include theft, vandalism, flooding, fire, windstorm, hail, and hitting animals or falling objects.
• Specified Causes of Loss Coverage is a more limited version of comprehensive coverage. This coverage specifies the risks covered, rather than offering broad, all-risks coverage, and it is also generally less expensive, given the narrower scope of coverage. Causes of loss that are covered include fire, lightning, explosion, windstorm, hail, earthquake, flood, and vandalism.