Common Misconceptions About Commercial Trucking Insurance

Whether you are an individual contractor with a single commercial truck or a larger trucking company managing a fleet of semi-trailers, having appropriate commercial truck insurance is essential.  

Trucking insurance myths can make it challenging to determine which commercial trucking insurance policies are a good fit for your organization. Buying insurance without understanding your options can cause financial problems. Your agent can help you get the coverage your company needs with appropriate endorsements and policy limits.  

Here are some of the most common misconceptions about commercial trucking insurance.  

Myth: Commercial Trucking Insurance Isn’t Required for Small Businesses 
Trucking insurance requirements depend on various factors, including specific state and federal industry regulations, which apply to all businesses that use semi-trucks, regardless of the company’s size.  

Trucking insurance can help mitigate financial risks and protect against liability in accidents caused by the company’s trucks. Consult your agent for guidance on whether trucking insurance, including public liability insurance and commercial auto coverage, is mandatory for specific circumstances. 

Myth: Seasonal Businesses Don’t Need Year-Round Commercial Trucking Insurance 
Maintaining an active commercial truck insurance policy provides year-round financial protection per the policy’s terms. 

Continuous coverage can also help save money in the long run. Canceling your insurance during the off-season may increase costs when you seek a new policy. Insurers typically offer the best rates for commercial truck insurance policies to those who maintain continuous coverage. 

Myth: Every Employee Is Covered When Driving a Company Truck 
Your trucking insurance coverage may not automatically extend to any driver operating the covered vehicles. Your company’s insurance may provide coverage only for drivers specifically listed on the policy. If you wish to include coverage for any driver, ask your agent to request a permissive use endorsement for your policy. 

A permissive use endorsement helps coverage extend to drivers with permission to operate the truck and who possess the necessary credentials (such as a CDL). It is crucial not to allow drivers who aren’t explicitly named on your policy to operate your commercial vehicles unless you have this endorsement. 

Myth: All Commercial Trucking Insurance Policies Are the Same 
The range of prices and coverage options for commercial truck insurance policies is extensive, so it’s important to evaluate your coverage options carefully. Your agent can help you decide which policies and endorsements may best meet your company’s needs and get quotes from reputable insurers specializing in trucking insurance. 

Contact Us 
Contact Trucking Insurance Solutions in Cumming, Georgia, to get personalized quotes for trucking insurance.  

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.