Commercial Truck Insurance:
Commercial truck insurance is a type of insurance policy that protects businesses that use trucks for their operations. It covers a range of risks, including accidents, injuries, property damage, cargo loss, and more. These policies are essential for maintaining the financial stability of trucking businesses and ensuring they can continue operating smoothly.
Commercial Auto Insurance:
Commercial auto insurance is a flexible type of insurance that can cover multiple vehicle types and even some types of motorized equipment. It includes coverage for both bodily injury and property damage while operating a company vehicle. It also provides medical payments (also known as Personal Injury Protection, or PIP) for both the driver and passengers of the policyholder’s car.
Hired/Non-owned Auto Liability:
If you’re renting cars or your employees are using their own vehicles, this type of coverage might be right for you. It protects against liabilities that can result from the use of a rented/leased vehicle, or a non-owned vehicle (for example, when an employee uses their own vehicle while on the job).
You can often add this type of coverage very affordably to a business auto insurance policy; you can also occasionally add it to a general liability policy.
Using Personal Vehicles:
It’s important to know that personal insurance policies for privately-owned vehicles (such as your family car) may not cover damage to that vehicle when it’s used for business, regardless of the type of business. A commercial auto insurance policy can help ensure your business has the coverage it needs.
Looking for coverage that meets your commercial vehicle needs? We would love to help. Contact us today.
Trailer-Interchange Coverage:
Trailer interchange coverage is a type of insurance for trucking companies that provides physical damage coverage for trailers they are pulling but do not own, under the terms of a trailer interchange agreement. This coverage is essential because the trailer owner's insurance typically only covers their own equipment, leaving the driver or logistics company responsible for any damage to the non-owned trailer from incidents like collision, fire, theft, vandalism, or explosion while in their care.
Non-Owned Trailer Physical Damage Coverage:
Non-Owned trailer physical damage insurance, often an extension of a commercial trucking policy, covers the cost to repair or replace a non-owned trailer that is attached to the insured's power unit (truck) if it's damaged in an accident, theft, or other covered event. This coverage is crucial for truckers who frequently haul trailers they don't own, as it protects them from financial responsibility for damages to the trailer.