Types of Insurance Policies
Commercial Auto Liability
Primary Auto Liability covers injuries to other drivers and vehicles. It also covers accidents that cause damage to public property. State and federal agencies require a minimum of $750,000 combined single limit. Most brokers require you to carry at least $1,000,000 in coverage, so we recommend higher limits. In addition, Hazmat or specialized operations may require higher limits.
Motor Truck Cargo
Motor Truck Cargo protects the transporter from their responsibility in the event of damaged or lost freight. We tailor this coverage to meet the specific needs of your operation or typically hauled commodities. Furthermore, most brokers require that you carry at least $100,000 in coverage. It is important to note that higher limits can be required for specialized operations.
Physical Damage covers your truck and trailer. This coverage breaks down into both Comprehensive and Collision insurance. Comprehensive coverage protects against non-collision damage to a vehicle or object. Also, some policies can include coverage for vandalism, fire, and theft. Collision coverage protects if the vehicle is damaged in an accident.
General Liability insurance policies typically cover you and your company for claims involving bodily injuries and property damage resulting from your products, services, or operations. This policy includes:
Per Shipment Cargo
Per Shipment Cargo (PSC) provides an excess line of coverage for specific shipments while transporting that particular cargo. Carriers purchase PSC when they want to haul a load of a higher value than their Motor Truck Cargo may cover. Coverage will apply to Insured Goods after departing from their shipping point while in transit to their final destination as detailed in the bill of lading, tariff, shipping receipt, or contract of carriage. Some exclusions may apply depending on your primary provider and/or commodity requiring coverage. Always check with your agent or reference your cargo policy documents for currently covered and excluded commodities.