Who Needs Commercial Truck Insurance?

Trucking insurance can help protect your company’s financial stability after an incident involving your semi.

The following business types typically need commercial truck insurance:

• Owner-operators—Drivers who own their trucks and may work for more than one company at a time need trucking insurance coverage to comply with federal and state laws and protect their investment in their equipment.
• Small business owners with more than one truck under dispatch—Managing a small fleet comes with challenges and risks. Insurance helps mitigate these risks by providing coverage for all vehicles under a single policy.
• Companies with truck fleets—These companies have significant investments in their fleets, and any damage or loss can substantially impact their bottom line.
• Delivery services—Businesses that provide delivery services, whether local or long-distance, need insurance to cover their vehicles and the goods they transport.
• Moving companies—Companies that offer moving services for residential or commercial clients need insurance to protect their trucks and the items they move.
• Agricultural businesses—Farms and agricultural companies that use trucks to transport produce, livestock, or equipment need insurance to protect their assets.
• Food and beverage distributors—Businesses that distribute food and beverages, including refrigerated goods, need insurance to cover their specialized trucks and the perishable items they carry.

Is Commercial Truck Insurance Required?

Liability coverage is required for trucking operations, no matter their size. Your agent can help assess your situation to determine how much commercial auto liability coverage you may need to comply with federal and state regulations.

Physical damage coverage is optional unless you finance trucks. The lienholder can require comprehensive and collision insurance, which may help repair or replace your vehicle after a covered accident or incident.

Your agent may recommend tailoring your company’s insurance coverage to include cargo liability, towing coverage, roadside assistance and more.

Contact Us

Contact Trucking Insurance Services LLC for a personalized trucking insurance quote.

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.