Commercial trucking insurance is tailored to the needs of transportation corporations and independent contractors. In an accident, this sort of motor insurance covers principal liability and a variety of other damages.
Stampede Insurance can tailor a plan that suits your trucking needs for your commercial vehicle insurance policy. Check out the following information to understand more about trucking insurance and its long-term benefits for your company.
What To Know About Trucking Insurance
There are around 3.6 million truck drivers in the U.S., working for over 711,000 trucking companies. Finding the right commercial truck insurance isn't easy with countless trucks on the road.
Thus, your risk exposure should be a top priority for your company when finding trucking insurance. Among other things, trucking insurance can protect you from lawsuits. Liability, collision, and comprehensive coverage can combine with a commercial vehicle insurance policy.
Trucking Insurance Coverage
Our basic coverage for trucking companies is customizable to meet your needs when you work with Stampede Insurance Services, some of which include:
- Primary Liability - This policy choice protects you from damage or injuries to other persons caused by a truck accident. State and federal authorities require this coverage.
- Motor Truck Cargo Coverage - In damaged or lost freight, the transporter is covered by motor truck cargo insurance. Per-vehicle maximum load limits apply to the coverage.
- Non-Trucking Liability/Bobtail Coverage - Non-Trucking Liability (Bobtail Coverage) offers limited liability coverage to owner-operators permanently leased to an ICC-regulated carrier. Liability protection is minimal when the owner-operator isn't dispatched or pulling a loaded trailer.
- Comprehensive Physical Damage and Collision Coverage - This insurance protects your truck and trailer in a collision. This coverage pays for damage to your vehicles caused by other situations like fires, theft, hail, windstorms, earthquakes, floods, mischief, or vandalism.
- General Liability - Coverage for injuries or property damage sustained on your premises, when using your products or services, or for breach of contract.
Frequently Asked Questions About Trucking Insurance
Learn more about trucking insurance for smart business solutions by reading the following frequently asked questions.
How much commercial truck coverage do I need?
Depending on the cargo, the minimum amount of insurance required varies. All covered by primary liability, comprehensive physical damage and collision coverage, motor truck cargo coverage, non-truck liability or bobtail coverage, and general liability are covered under truck insurance.
Is insurance more for a truck than a car?
No, insurance is fitting for both trucks and cars. However, vehicle insurance providers base their premiums on several factors. Some of these characteristics are vehicle-specific, such as the make and model's crash ratings.
Are older trucks cheaper to insurance?
Most older trucks are less expensive to insure, particularly for comprehensive and collision coverage. As cars depreciate, so do the potential insurance benefits in the event of an accident.
What commercial insurance do trucking companies need to cover their semi-trucks?
You'll need semi-truck insurance to stay safe on the road, whether you're on a short or long journey. You'll have liability coverage with semi-truck insurance, which protects you from property damage and physical harm caused by a traffic collision.
How to get insurance for part-time commercial trucking?
Commercial trucking on a part-time basis is possible through Stampede Insurance. There's even coverage for part-time commercial truck drivers for general liability, primary liability, and non-trucking liability.
Getting Trucking Insurance At Stampede Insurance
Stampede Insurance will help you locate the ideal fit for your trucker insurance coverage, whether you're looking for an owner-operator, a motor carrier, or a private carrier. To learn more about trailer and trucking insurance in the U.S., contact our professionals at Stampede Insurance for a free quote.
