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Types Of Truckers' Insurance Coverage

Updated: Jan 15


Truckers Insurance Coverage

What Are The Different Types of Truckers' Insurance Coverage?


Commercial truck insurance companies provide a variety of policies that adapt to the needs of businesses of varying sizes, the number and type of trucks they operate, and the commodities transported. This policy can provide financial protection in the event of an accident or other damage, just like a personal auto policy can. If you own a vehicle, lease one, or manage a company with a trucking fleet and drivers, you should explore purchasing this form of insurance. Read on to learn more about commercial insurance, including owner-operator bobtail insurance, and get a better sense of what you need to do to ensure your semi-truck before hitting the road. In this article, we will explore the different types of truckers' insurance coverage and how they are used in your business.



Truck drivers can safeguard themselves from financial ruin in the case of an accident by purchasing commercial auto liability. This coverage helps ensure that the driver is not financially responsible for any damage caused by an accident. If anything happens and someone gets hurt, or something is damaged, you can collect on your liability insurance.



Coverage for injuries and damage to third-party property is provided by commercial general liability insurance (CGL) policies. This type of trucking insurance can help cover the costs if a customer or employee is hurt on your property or your company is sued for damages while on your property. By purchasing this type of owner-operator insurance, truck drivers can be protected from potential legal action if a claim results in bodily harm or property damage not involving the truck.



Non-trucking liability, often known as "bobtail insurance," protects truck drivers leased onto a motor carrier when operating their truck and not under dispatch. Bobtail coverage will activate if primary liability insurance fails to protect the owner-operator while not under dispatch. However, owner-operator bobtail insurance does not cover truckers while operating under the dispatch of the motor carrier.



This type of coverage will protect your shipment in the event of an accident, fire, or theft. Motor Truck Cargo coverage safeguards your goods if your truck is involved in a covered accident.


Trailer Interchange


Motor carriers and fleets who tow trailers under an interchange agreement are protected from physical damage with trailer interchange insurance. This coverage is similar to the physical damage coverage that trailer owners have on their equipment. This owner-operator insurance will cover costs if the trailer receives damage in an accident or other covered claim.


Physical Damage


When a truck is damaged, the driver's physical damage insurance will pay for the repairs. As a truck driver, you need this owner-operator insurance to avoid financial hardship in the event of an accident or theft.


The appropriate insurance coverage, like owner-operator bobtail insurance for your company, is crucial in reducing vulnerability. Knowing this service is accessible is essential, as accidents can occur through no fault of your own, and you'll want to be protected in case this happens.

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