Transportation/Trucking Insurance Information
Trucking companies and tractor trailer drivers must carry minimum amounts of commercial auto insurance, as dictated by federal and state laws. This coverage helps protect the company and driver from liability claims. It may also cover the driver or company’s property, including the truck and trailer.
Getting the right trucking insurance is crucial to the financial well-being of a trucking company. Contact Keats Insurance Agency to learn more about getting the right insurance for your tractor trailer or trucking company.
Why Do Truck Drivers Need Liability Insurance?
Federal law requires all tractor trailer drivers and trucking companies to carry commercial auto insurance that includes minimum liability coverage.
Liability insurance helps pay for third-party injuries and property damage and protects the financial health of the trucking company. Insurance coverage options depend on the driver, the goods they haul and the truck type.
Commercial auto liability policies include two types of liability coverage:
- Bodily injury liability insurance helps pay for medical bills if a third party sustains injuries in an accident caused by the tractor trailer driver.
- Property damage liability insurance helps pay for damage to third-party property caused by the tractor trailer driver.
Your agent can walk you through trucking insurance options and help create a policy designed to remain in compliance with federal and state laws while meeting your company’s unique needs.
What Additional Trucking Insurance Coverage Is Available?
Your agent may recommend that you add the following coverage to your commercial auto liability policy:
- Comprehensive insurance helps cover damages after an accident or incident unrelated to a collision, such as vandalism, weather damage or a fire.
- Collision insurance helps pay for damages to a tractor trailer sustained in an accident with another vehicle or a stationary object.
- Medical payments/personal injury protection coverage helps handle medical bills and other financial losses if the tractor trailer driver or a passenger is injured in an accident.
- Uninsured/underinsured motorist insurance helps pay to replace or repair a tractor trailer after an accident caused by a third party who doesn’t have adequate insurance coverage.
Your agent may suggest additional policies to expand your coverage:
- Trailer interchange insurance helps pay for damages to a trailer if an accident causes damage while someone other than the owner uses it to haul cargo.
- Bobtail insurance helps cover damages occurring while a driver uses the truck for personal purposes or is not hauling a load.
- Umbrella insurance helps pay for damages that exceed the liability policy limits.
Get the Trucking Insurance You Need Today
Contact the agents at Keats Insurance Agency today to learn more about your options for trucking insurance and get a quote.