Trucking-related Insurance
Coverage
Auto Liability
covers your for third party
damages or injury. This
coverage is required by
federal and / or state
regulations. Owner operators
may be covered under their
employers or may be required
to secure their own
coverage.
Physical Damage
covers your truck and / or
trailer from damage
resulting from an accident,
fire or theft. The cost
depends on the value of your
vehicle but is not required
by law. Be sure not to over
insure your equipment as you
will only receive the actual
cash value at the time of a
loss regardless of what you
may have it insured for.
Truckers General Liability (GL) is what
protects you from accidents
that may occur while the
truck is parked. If you
cause bodily injury or
property damage to someone
or something on your
premises or while you are
unloading a trailer away
from your premises, this
will cover you.
Cargo Coverage
protects freight in transit.
This covers against damage
or loss with certain
limitations. Make sure to
ask your agent about
exclusion that may affect
you.
Non-Trucking Liability
(sometimes referred to as
bobtail or deadhead
coverage) protects you when
you are not pulling a
trailer and are not covered
under your own primary
liability.
Non-Owned Trailer Liability
covers you while you are
pulling a trailer not owned
by you
Terminal Coverage
protects freight located at
specified terminals in the
event of a loss. Typically
there are time limitations
related to this coverage.
For example: 72 hours
maximum per specified load.
If the goods are stored
longer than the terminal
time you would most likely
want to purchase Warehouse
Legal coverage. This amount
of coverage is dependent on
the total amount of goods
stored/docked/off-loaded at
any one time.
Warehouse Legal coverage
protects goods stored at
specified locations in the
event of loss. For example
as relates to theft, fire,
sprinkler damage. This
amount of coverage is
dependent on the total
amount of goods stored at
the location at any one
time.
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