Semi-Truck are a special category for insurance. They face constant threats such as collision and theft when they are out on the road. If you have several trucks facing these threats at the same time, it's not hard to see how fast you could run out of business. The trucking industry has gone through various changes over time, especially when it comes to insurance.
Our semi-truck insurance coverages are designed to challenge these threats. Depending on the occurrence unique to you, Advanced Insurance Solutions can help you customize the policy to fit your specific business needs. We will work with you to get you on the road safely and in no time.
Advanced Insurance Solutions offers the most common types of semi-truck insurance:
Trucking Liability
To stay legal while on the road, you will need Primary Trucking Liability Insurance as a minimum. This is usually the costliest portion of any trucking company's insurance package. Primary liability will pay for injuries to other drivers on the road and any damage to public property that may be caused from an accident. This coverage is mandated by state and federal agencies at a minimum of $750,000 combined single limit. However, we recommend that you consider purchasing higher limits as truck accidents can easily cause damages in the millions. Most freight brokers and shippers will require you to carry at least $1,000,000 in coverage.
Physical Damage
This Policy is a basic requirement for every truck driver. As its names suggests, it covers any damage on your truck. The damage is not only limited to collisions. Vandalism and natural disasters may force you to repair your truck. With this policy, all the repair costs will be covered. Owner operators without the physical damage coverage are bound to experience great losses when unfortunate events occur.
Motor Truck Cargo (MTC)
The policy is designed to cover freight or commodity in your possession due to loss or damage due to fire, collision, or reefer-breakdown.
Non-Trucking Liability (NTL)
This policy is offered when a truck is used for non-business purposes and causes any damage or meets an accident. Non-trucking liability insurance does not cover the damage when the driver drives his truck for any business purpose. It covers the injury or damage of the third party when the trucker drives his truck for his personal use.
Bobtail Insurance
Bobtailing means driving a truck without the trailer attached to it. When A truck, after dropping the trailer with loads, goes towards another place to load another trailer then this is known as bobtailing. Bobtail insurance coverageapplies to the journey of the truck if in case any accident happens. A trucker who often needs to drive without attaching the trailer to it generally needs bobtail coverage.
Trucking General Liability
In addition to the risks of operating a truck, small trucking companies face the same liabilities as any other small business. That includes accidental customer injuries and damage to customer property. General liability insurance covers the most common types of third-party injuries and accidents.
This policy provides liability coverage related to:
•Customer injuries
•Customer property damage
•Copyright infringement and other advertising injuries
Occupational Accident Insurance
Occupational accident insurance for truckers is designed to work like workers compensation and covers losses resulting from serious accidents. Occupational accident insurance is designed to cover most occupational related diseases or injuries. Of course, independent contractors who lease their services to businesses are not covered by the employer's workers compensation insurance. At Advanced Insurance Solutions, we want to make sure you are protected in case of an accident or illness.
Occupational accident insurance can cover:
•Accidental death
•Accident disability
•Accidental dismemberment or paralysis
•Accident medical expense
Occupational accident insurance is an essential part of a truck insurance policy for the independent trucker.
