Trucking Company Insurance

Trucking Company Insurance

Just like with any business, Trucking Companies have unique exposures that require the proper Insurance coverages to protect the business. While Trucking Companies can differ in operations, their overall Insurance needs are similar. We will explain the basic coverages for your Trucking Company.

Trucking Company Insurance – Commercial Auto

Commercial Auto needs can vary dramatically between different Trucking Companies. Some Trucking Companies have owner-operators that carry their own Insurance while others have their own trucks that need to be covered. When shopping for Commercial Auto, it’s critical to look at coverages rather than focusing on premium. Driving a large commercial vehicle can cause large claims if an accident happens, making it especially important to have ample coverage. When shopping for Commercial Auto, make sure you are getting all the discounts available. Most carriers offer discounts for fleets, security systems, fleet management software, and good driver records.

Trucking Company Insurance – Workers Comp

Regardless of your operations, if you have employees, you need to have Workers Comp. Workers Comp options for Trucking Companies are limited, however, there are ways to find private, A Rated carriers with good rates for Workers Comp. If you want to reduce the premium of your Workers Comp, it is important to maintain continuous coverage with no lapses. Limiting or reducing the severity of claims also goes a long way in reducing your Workers Comp premium. Lastly, many Trucking Companies can become eligible for a X Mod, or Modification Rate, which can drastically reduce the Workers Comp premium.

Trucking Company Insurance – Optional but Important Coverages.

There are additional coverages that every Trucking Company should consider. General Liability is an important and affordable coverage that every Trucking Company should carry. You can also obtain coverages for Business Personal Property and equipment that is used for maintaining or servicing vehicles. If your Trucking Company hauls any kind of hazardous or dangerous materials, there are coverages available to protect you in the case of a spill and associated clean-up and litigation costs.

If you would like to learn more about Insurance for your Trucking Company, give us a call at 925-297-4829.

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.