Tractor Trailer Commercial Truck Insurance




Commercial truck insurance is a policy that covers independent truck drivers and trucking businesses. Insurance is a worthy investment for contractors and business owners. Before signing up for the policy, it is essential to understand what commercial truck insurance is, what your business needs, and adhere to state and federal law. This guide will review what the coverage is, how it works, and the types of coverage.

Definition of Commercial Truck Insurance

Commercial truck insurance is a series of auto insurance for trucking companies, independent truck drivers, and companies using trucks. The insurance aims to offer legal and financial protection from property damage and bodily injuries and coverage for trucking equipment and specified cargo. Unlike other commercial auto policies that cover a wide range of vehicles used in business duties, commercial trucking insurance covers large vehicles like semi-trucks used in the transportation of goods, construction and agriculture. The insurance considers the type of materials or cargo being transported and the type and size of the vehicle.

Tractor Trailer Commercial Truck Insurance

How Commercial Truck Insurance Works

Commercial truck insurance is found in a vast class of commercial auto insurance. But the insurance is specified for businesses with trucks and truck drivers. Truck owners often purchase truck insurance to cover specific vehicles. The policy is also applicable to individuals listed on the insurance policy who use the truck for business purposes. Individual and businesses that buy commercial truck insurance fall into the following categories:

  • Owner-operators : individuals who operate and own trucking businesses. At times the owner leases the vehicles from motor carriers, or the owner insures the trucks.
  • Motor carriers : these are for-hire trucking businesses owning a fleet of trucks. They are liable for ensuring their fleet of vehicles.
  • Private Carriers : this refers to individuals using their vehicles in the transportation of cargo for their employer. If they often transport goods using their vehicle on behalf of their company, they may be asked to purchase their insurance, or the employer may cover the insurance cost.
Tractor Trailer Commercial Truck Insurance

The above businesses can acquire commercial trucking insurance as it is available for a fleet of trucks or single trucks. When selecting an insurance cover, the vehicle owners should work handily with an insurance company to understand the following factors:

  • Coverage : it outlines incidents, expenses, and damages that will be covered
  • Monthly premium : refers to the amount of money an insurance holder pays to retain the cover.
  • Deductibles : refers to the amount of cash an insured company pays for their claim before the coverage becomes functional.
  • Policy Limit : this is the maximum cash an insurer pays for filed claims on the coverage.


Types of Commercial Truck Coverage

There are different types of trucks and applications, and they need different types of policies. For this, coverage is structured with a wide range of policy options interjoined into one policy that offers all the protection an individual or business requires. For example there's hotshot insurance. Here is a list of different types of coverage.

1. Primary Liability

These policies are often offered in combined single limit that includes property damages and bodily injury. Suppose the driver listed in the coverage causes an accident and causes injuries and damages to the other person's vehicle. In that case, the policy will cover the injured party's medical expenses and repair costs. But the truck and driver that caused the accident are not compensated. This is the reason why motor carriers go for physical damage and medical payment coverage.

2. Physical Damage

Physical damage coverage pays the damage cost of the insured's vehicle if it is involved in an accident. The coverage includes comprehensive cover and collision coverage.

3. Uninsured Motorist

Commercial trucks are wide and large vehicles. If one of them is involved in an accident caused by a different driver, chances are the driver at fault won't have enough coverage to pay for the property damage and injuries caused. Uninsured motorist policy will instead cover the expenses.

4. Motor Truck Cargo Policy

The coverage ensures cargo a for-hire truck transports from one point to the other is covered if an incident of collision or fire occurs. The truckers are responsible for ensuring their goods are being transported until they get to their destination. For-hire truckers who drive trailers, semis, cement mixers, flatbeds, and dump trucks are only suitable for motor trucks with good coverage.

Truck vehicles that are not eligible for the insurance include passenger trucks, ice cream trucks, and garbage trucks. Additionally, there are also types of goods that are not eligible for coverage. They include pharmaceuticals, alcohol, explosives, art, jewelry, and tobacco. They require different insurance.

5. General Liability

A primary liability coverage aims to insure damages and injuries caused while driving. A general liability policy covers property damages and injuries caused by a motor carrier or for-hire trucks and indirectly related to truck driving. The general liability policy covers:

This cover can only be purchased with a primary liability policy. General liability coverage is not available for individuals operating for-hire trucking and other business.

6. Non-Trucking Liability

Truck owners with motor carrier permanent leases should consider buying a non-trucking liability to get insured when engaging in non-business purposes using the truck. The policy covers property damage and medical expenses that happen when using the truck for personal reasons. However, non-trucking liability doesn't cover any activities that fall under the business use category like filling a gas tank, truck washing, cargo-hauling, and maintenance driving.

Commercial Truck Insurance Covers

The coverage typically depends on the type of truck, nature of the incident, and people listed in the policy. Even though a business owner purchases commercial truck insurance, it covers the expenses of the listed driver in the policy, individuals, and passengers who get harmed in the truck accident.

What type of Trucks are Covered?

Commercial truck insurance covers almost all trucks, but different insurance companies cover certain types of trucks. Additionally, other trucks can be covered in commercial auto insurance coverage if they don't function as a truck. Here is a list of types of trucks covered in commercial truck insurance.

1. Pickup Trucks

Depending on its purpose, you can ensure pickup trucks are under commercial truck insurance or personal auto insurance. Landscapers and construction contractors using pickup trucks need a commercial truck policy that includes a physical damage policy, liability policy, and uninsured motorist policy. For individuals using pickup trucks for personal purposes, getting personal auto insurance is enough.

2. Cement Mixers

Cement mixers transport concrete from and to construction sites. The trucks constantly spin drums with concrete to retain it in a liquid form. The cement mixers are at high risk for accidents because of their high center of gravity that can make it trip. Its increased risks make its coverage cost higher. Cement mixers need a policy for medical payments, liability, uninsured motorists, and physical damage.

3. Tow Trucks

Tow trucks transport watercraft or other vehicles from one end to the other. They need physical damage and liability insurance. On-hook towing insurance will also be beneficial to tow trucks as they cover repair expenses for vehicles being towed.

Commercial truck insurance is the best policy for truck businesses and truck drivers. Its effectiveness depends on the policy limit you will require, your business income flow, and level of risk.