Get the coverage you need to help protect your business’ fleet.
What Is Commercial Semi Truck Insurance?
Commercial semi truck insurance is a type of el seguro comercial para automóviles that protects your truck drivers, trucks and loads being hauled. The standard semi truck insurance policy typically includes liability coverage. This helps protect your business from costly claims if one of your truck drivers causes property damage or bodily injury to someone else while driving a company-owned semi truck. Whether you lease your semi truck to a motor carrier, own a fleet with for-hire drivers or operate under your own authority, it’s crucial to be protected while out on the road.
To protect your semi trucks on the road, find a local agent to learn about insurance coverage. Our agents can work with you to understand your business’ unique needs and get you the right coverage. If you’re a small business owner, you can also obtener una cotización online from our partner, Tivly.
Semi Truck Insurance for Different Truck Types
Trucks and carriers that may need specialized types of liability coverage through a semi truck insurance policy include:
Owner Operators: Whether you’re operating under a permanent lease to a motor carrier or your own authority, owner operators need semi truck insurance. You might also consider carrying additional truck insurance coverages like Trailer Interchange Insurance and Non-Trucking Liability Coverage.
Motor Carriers: Motor carriers using for-hire truckers or permanently-leased independent contractors need semi truck insurance to protect their vehicle and business operations. Even if you receive Primary Liability Insurance under your motor carrier’s authority, you may still need additional coverage like Non-Trucking Liability Insurance and Physical Damage Coverage to protect your trucks.
Private Carriers: Private carriers are responsible for hauling goods in their own truck for a company or employer. It’s a good idea to get semi truck insurance to protect your truck and your business from liability claims like bodily injury or property damage if you get into an accident on the job.
Custom Coverage for Your Truck
Semi truck insurance policies help address the unique risks that trucking companies face while doing business. That’s why insurance companies offer these additional coverage options for you to add on to your existing semi truck insurance policy:
- Non-Trucking Liability, which provides liability protection when you are using your truck for personal errands and not under dispatch.
- Trailer Interchange Insurance to cover physical damage claims for non-owned trailers that you are hauling under a trailer interchange agreement.
- Physical Damage Coverage to help pay for the cost to repair or replace your truck if it’s damaged in an accident or stolen.
- Motor Truck Cargo Insurance, which protects truckers and the load they’re hauling if there’s a fire, theft or collision.
- Motor Truck General Liability Insurance to help pay for bodily injury or property damage claims from a third party if you or one of your employees get into an accident on the job. It also protects your trucking business if there are advertising injury claims or a customer slips and falls while on your company’s premises.
- Rental Reimbursement With Downtime, which helps reimburse your business for the rental costs incurred if you need to repair or replace your commercial semi truck due to a covered loss. Typically, it covers rental costs for a maximum of 30 days.
How Much is Semi Truck Insurance?
Wondering, “How much is semi truck insurance?” The answer is that it varies. Your commercial truck insurance cost is often heavily dependent on your industry and the type of cargo you’re carrying. Other factors that may influence the cost of commercial auto insurance for semi trucks include the:
- Location of your company
- Coverage limits of your policy
- Type of truck(s) you own
- Driving history of your employees
- Claims history of your business
Additional Commercial Vehicle Coverages
In addition to your semi truck insurance policy, many insurance carriers offer other commercial vehicle coverages, like:
Box Truck
Box truck insurance can help protect your business and truckers while they’re driving a company-owned box truck. This coverage is designed specifically for businesses that use box trucks or straight trucks for work purposes.
Tow Truck
Tow truck insurance is a type of commercial auto insurance that protects against damage to your tow truck and the vehicles you tow.
Dump Truck
Dump truck insurance is a type of commercial vehicle insurance for businesses that use dump trucks to move loose materials like dirt, sand or gravel. All 50 states require businesses to carry dump truck insurance. This is because there’s a higher risk of accidents and damage that can happen due to heavy-duty work.
Cargo Van
Cargo van insurance, sometimes called commercial van insurance, can help protect your business from having to pay out-of-pocket for costly claims related to an accident or theft of a commercial van.
Tractor Trailer
Tractor trailer insurance protects your company trucks and their cargo from physical damage or liability claims. Interstate truckers are required by law to carry this type of commercial truck insurance.
Trailer Interchange Coverage
Trailer interchange coverage offers financial protection to your business if you or your employees are transporting any non-owned trailers under a trailer interchange agreement with another company.
Non-Trucking Liability
Non-trucking liability insurance can help pay for medical expenses and property damage costs if you are in an accident while using your company-owned box truck for personal errands, like helping a friend move furniture or picking up groceries.
Get a Quote for Semi Truck Insurance
Truck drivers face unique risks while out on the road hauling goods and completing important shipments. It’s crucial to make sure that your trucks are protected for the long haul. Find a local agent to get the coverage you can count on. If you’re a small business owner and want to start the process online, you can obtener una cotización through our partner, Tivly.
Última actualización: 3 de mayo de 2024
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