Commercial Auto Insurance Information

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Commercial trucking insurance includes a few key policies to help protect the owner-operator or motor carrier from liability lawsuits if the driver causes an accident resulting in third-party injuries or property damage. 

Contact Action East Financial Agency i, to learn more about the types of insurance drivers may need and to purchase commercial truck insurance. 

Why Do Truck Drivers Need Commercial Trucking Insurance? 

According to federal law, all commercial truck drivers must carry commercial trucking insurance policies that include a minimum amount of liability coverage apart from their personal auto insurance. Your options for commercial truck coverage depend on the type of truck you drive, your driving history and the type of goods you haul. 

Liability coverage helps a motor carrier cover damages resulting from third-party injuries and damage up to your coverage limits. There are two types of liability coverage included with commercial trucking insurance: 
 

• Bodily injury liability. This coverage helps pay for medical bills and damage to someone else’s property after an accident caused by a tractor-trailer driver.

• Property damage liability insurance. This helps pay to repair or replace someone else’s property if the tractor-trailer driver caused the accident.

Your agent can help you choose specific liability coverage to keep you in compliance with federal and state laws. They may also recommend additional coverage based on your trucking business type. 

What Types of Insurance Work Best for Commercial Trucking Companies? 

In addition to liability coverage, your agent may recommend these commercial truck policies: 
 

• Comprehensive coverage. This coverage helps pay to repair or replace your truck after an incident other than an accident, such as vandalism, fire, theft or weather damage.

• Collision insurance. This insurance policy helps pay for damages to your truck after an accident.

• Uninsured/underinsured motorist insurance. This policy helps repair or replace a tractor-trailer if the third party causing the accident has insufficient insurance coverage.

• Medical payments/personal injury protection. This insurance policy helps pay accident-related medical bills for truck drivers and passengers after an accident. It may also provide coverage for other damages, such as lost income.

Medical payments/personal injury protection. This insurance policy helps pay accident-related medical bills for truck drivers and passengers after an accident. It may also provide coverage for other damages, such as lost income.  

Your agent may also recommend additional coverage for your commercial trucking business: 
 

• Trailer interchange. This policy helps pay to repair or replace a trailer when someone other than the owner uses it.

• Bobtail. This policy helps cover damages if a truck is driving without a trailer.

• Cargo insurance. This policy helps pay for damages to a client’s cargo while it’s in the care of the tractor-trailer driver.

• Environmental liability insurance. This truck insurance policy helps pay for the cost of cleanup if an incident causes environmentally toxic cargo to spill or otherwise contribute to pollution while in transit.

Get the Commercial Trucking Insurance You Need Today.
You can trust the agents at Dorsey and Associates to help you get the commercial truck insurance you need to protect your business. Contact us today to learn more about your options and get a quote for affordable truck insurance. 

 

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