Trucking Insurance Information
All tractor-trailer drivers and trucking companies, including those who use dump trucks, sprinter vans, and tow trucks, must carry commercial auto insurance with adequate insurance coverage. This insurance helps protect the owner-operator or motor carrier from liability lawsuits if the truck driver causes an accident resulting in third-party injuries or property damage.
Contact the insurance advisors at Remo Insurance to learn more about commercial truck insurance your operation and to get a personalized quote.
Why Do Truck Drivers Need Commercial Truck Insurance?
Federal law requires motor carriers and owner-operators to purchase public liability insurance. The federal law applies to owners and operators of dump trucks, sprinter vans, and tow trucks. All tractor-trailers must have liability coverage, even leased units. Your options for commercial truck coverage to include with your truck insurance policy depend on the needs of your trucking business, the truck driver and the type of goods you haul.
Liability Insurance Coverage With Commercial Trucking Insurance
The liability insurance portion of a trucking insurance policy helps pay for third-party injuries and property damage caused by the truck driver. With a commercial liability policy, there are two types of liability coverage:
- Bodily injury liability insurance helps cover medical bills if other people involved in the accident are injured and the tractor-trailer driver is at fault.
- Property damage liability insurance helps pay to repair or replace someone else’s property after an accident caused by a commercial truck driver.
Remo Insurance can help you determine which types and amounts of insurance may best serve your trucking business. They can help you choose from several commercial truck insurance providers. Your agent may also recommend additional commercial truck policies to help protect your business.
Other Trucking Insurance Coverages
Other coverages under commercial auto insurance include:
- Comprehensive insurance. This coverage may help pay for damages to the tractor-trailer unrelated to an accident, such as weather damage, fire or vandalism.
- Collision insurance. This policy may help repair or replace the tractor-trailer after an accident.
- Medical payments. This coverage may help cover medical bills up to a specific dollar limit if a passenger or the tractor-trailer driver is injured in an accident. It could also cover lost income.
- Uninsured/underinsured motorist insurance. This policy may help pay to repair or replace a tractor-trailer after an accident caused by an uninsured or underinsured third party.
Your agent may recommend the following additional commercial trucking insurance policies, depending on your situation:
- Trailer interchange - helps pay to repair or replace a trailer when someone other than the owner uses it.
- Bobtail - cover damages when the truck is not hauling a load.
- Cargo Insurance – covers financial loss from damaged or lost cargo.
How to Get Trucking Insurance
The agents at Remo Insurance understand that tractor-trailer owners and drivers have specific insurance needs. Contact us today to learn more about how insurance can help provide financial protection for your trucking operation and to get a quote for affordable truck insurance.