About Commercial Truck Insurance
The commercial trucking industry is one of the most regulated industries in the United States. And for good reason. It’s big and diverse and poses many potential safety issues to the general public.
As a result, insurance requirements for commercial truckers and their employers seems really complex too. But it’s actually pretty straightforward.
The types of coverage you’ll need will depend on whether you’re an owner operator, motor carrier, or private carrier.
Owner Operator Insurance
Owner operator insurance is for drivers who work under permanent lease to a motor carrier or who work under their own authority.
If you work under permanent lease, your insurance needs will be determined by your lease agreement. Typically, a motor carrier will provide liability insurance to cover injuries or damages to other people or property if you are at fault for an accident while under dispatch. As an owner operator under permanent lease, you may need to purchase your own non-trucking liability insurance, physical damage coverage, and motor truck cargo insurance. Some motor carriers provide these types of coverage in addition to liability insurance, but you can often find better deals if you purchase them with the help of an independent insurance agent like Bedrock Insurance Agency.
If you work under you own authority, you will be responsible for purchasing your own liability insurance in addition to the coverage options listed above. Bedrock Insurance Agency can help you determine which insurance products you will need for your business.
Motor Carrier Insurance
Motor carrier insurance is coverage for companies that employ commercial truck drivers.
As a motor carrier, you are required by law to purchase liability insurance for your drivers. Liability insurance coverage includes bodily injury insurance and property damage coverage.
To ensure you have the best coverage for your drivers and trucks, you may want to consider purchasing some of the optional motor carrier insurance coverages, including:
Bedrock Insurance Agency can help you determine which coverages make the most sense for your business.
Private Carrier Insurance
If you haul goods in your own truck for your company or an employer, you will most likely need private carrier insurance.
There are several different types of private trucking insurance available, including:
Need help determining the best options for you?
Call, Email or Text us for immediate assistance.
Our truck insurance experts will help you find the right coverage for you at price you can afford