Type of coverages
Primary Liability
This
is usually the most costly portion of any trucking company's
insurance package. Protecting you from damage or injuries to other
people as a result of truck accidents, this coverage is also
mandated by the State and Federal agencies. A form of proof is
required to be sent to them.
Interstate
truckers will need the MCS90, the BMC91x and the appropriate state
form endorsements which extend coverage to the regulatory
agencies.
Policy
limits, generally, for operations with trucks over 10,000 gross
vehicle weight have a required limit of $750,000. This limit is
set by the FHWA on interstate travel and, generally, matched by
the various States.
Physical Damage
This
type of policy provides actual cash value protection to an insured¹s
equipment in the event of an accident. This coverage also applies
to losses resulting from fire, theft, and vandalism of the insured
equipment.
Motor Truck Cargo
The
transporter of freight and commodities assumes responsibility for
the cargo he has taken control of. The amount of that
responsibility should be clearly established and understood by
both the shipper and the transporter before the shipment is moved.
This is usually done by contract, by bill of lading, disclosure or
by published tariffs.
Motor
Truck Cargo insurance protects the transporter for his
responsibility in the event of damaged or lost freight. The policy
is purchased with a maximum load limit per vehicle.
This
insurance policy, without question, requires careful thought and
evaluation prior to purchasing. In addition, you need to be
constantly evaluating the nature of your freight to make sure the
coverage meets the demands.
*This
coverage is brokered through one of our affiliates.
General Liability
As
the name implies, this coverage pertains to very broad coverage
other than automobile. Protection for injuries or property damage
sustained while on your premises, using your products or services,
or because of a breach of contract is a customary type of risk
this coverage is intended for.
Policy
limits run from $100,000 on up; however, the usual policy limit
sets each occurrence at $1mm and a policy aggregate of $2mm.
Higher limits are available as necessary for your particular need.
*This
coverage is brokered through one of our affiliates.
Non-Trucking Liability
Non-Trucking
Liability provides limited liability insurance for owner-operators
who are permanently leased to an ICC regulated carrier. It
provides limited liability protection when the owner-operator is
not on dispatch, nor pulling a loaded trailer. For example, this
coverage would apply when the owner-operator gets their truck
washed or brings their trucks into a shop for repairs. Once the
owner-operator is under dispatch, they are covered under the
Primary Liability insurance policy of the company that they are
leased to.
Workers Compensation
This
insurance coverage offers you disability and income benefits to
employees as the result of a job-related injury. It is mandatory
that all trucking companies employing individuals maintain a
Workman¹s Compensation policy to cover their drivers in the event
of an injury.
*This
coverage is brokered through one of our affiliates.
Occupational Accident
This insurance
coverage provides the owner-operator with medical benefits and
disability coverage due to a work-related accident, injury, or
death. It should not be purchased in lieu of Workman¹s
Compensation, except in cases where Workman¹s Compensation is not
available in the specific state.
ICC Authority
Generally
ICC Authority is required for trucking companies which are hauling
commodities over state lines for others. ICC Authority, DOT Numbers, Regulatory Permits along with
different types of bonds may be needed to meet your transportation needs.
 Click
here for online Quote Request Form
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