Congratulations! You’ve acquired a commercial truck. Now that you are an owner-operator, you’re ready to hit the road.
Before you hop in the cab, you’ll want to find the right semi truck insurance policies to protect you from unexpected costs down the road.
There are many types of trucking insurance to consider.
Types of Commercial Truck Insurance
- Primary Liability covers the damage that might occur while operating your truck. A trucking license often requires this type of coverage.
- General Liability offers additional protections for owner-operators in the case of a lawsuit or libel claim filed against your business.
- Non-Trucking Liability is insurance protection for damages or injuries to others while the vehicle is not under dispatch from your current company.
- Bobtail Insurance covers claims that arise when you are using your truck without a trailer. This coverage is useful if you occasionally make trips without dispatch.
- Physical Damage Coverage is semi-truck insurance that protects your commercial vehicle in the event of a collision, fire, theft, and more.
- Motor Truck Cargo Insurance is an excellent option for for-hire truckers. It protects the cargo if it is damaged or stolen. Sometimes, this type of policy will also cover legal defenses and freight charges lost by the customer.
Semi-trucks are expensive! You want to protect your financial investment with an insurer who fully understands the trucking business.