Transportation

Transportation Offerings

Coverage Overviews

Auto Liability

Coverage for Damages and Injuries: Trucking Auto Liability insurance covers the costs associated with damages and injuries caused by a truck driver to other parties in an accident. This includes both bodily injury and property damage.

Legal Requirement: It's a mandatory insurance, ensuring that trucking companies and independent truckers comply with legal requirements for operating their vehicles on public roads.

Protection Against Financial Losses: This insurance protects the trucking company or independent trucker from significant financial losses that could arise from at-fault accidents.

Motor Truck Cargo

Coverage for Hauled Goods: Motor Truck Cargo insurance provides coverage for the goods and commodities being transported by a truck. It covers losses or damages to the cargo.
Protects Against Various Risks: This insurance covers risks such as theft, fire, collision, or striking of a load. It may also cover certain losses due to natural disasters, depending on the policy.
Varies with Cargo Type: The coverage and its cost can vary significantly depending on the type of cargo being transported. High-risk or high-value cargos like electronics or pharmaceuticals often require higher coverage levels.
Contingent on Shipping Terms: Coverage is often contingent on the shipping terms (like FOB shipping point or destination) and the specific responsibilities of the trucker or carrier in relation to the cargo.
Exclusions and Special Conditions: Policies have exclusions and special conditions; for instance, certain types of cargo or events (like unattended vehicles) might not be covered.

Physical Damage

Covers Truck Damage: This insurance covers damage to the truck itself, whether due to an accident, theft, vandalism, or natural disasters.
Comprehensive and Collision Coverage: Typically, it includes two main parts: Comprehensive coverage (for damage not caused by a collision, like fire, theft, or vandalism) and Collision coverage (for damage from accidents involving another vehicle or object).
Essential for Protecting Investments: Given the high value of commercial trucks, this insurance is crucial for protecting the financial investment of truck owners and operators.
Varies Based on Vehicle Type: The cost and coverage details can vary depending on the type and age of the vehicle, as well as the nature of its use in trucking operations.
May Include Downtime Coverage: Some policies offer additional downtime coverage, compensating the truck owner for lost income when the vehicle is out of service due to a covered loss.

General Liability

Protection Beyond Auto Liability: General Liability insurance for trucking companies extends beyond the coverage of auto liability, covering incidents that occur off the road or outside of operating a commercial vehicle.
Covers Bodily Injury and Property Damage: This includes coverage for bodily injury and property damage caused by the trucking company’s operations, not directly involving the truck itself.
Includes Premises Liability: It covers incidents that occur on the premises of the trucking company, like a customer slipping and falling at the company's office or warehouse.
Product/Completed Operations Coverage: This part of the policy covers liability for damages caused by the products the trucking company transports or the services it provides.
Advertising Injury and Personal Injury Coverage: The policy may also include coverage for advertising injury (like slander or libel) and personal injury.

Excess/Umbrella Coverage

Additional Coverage Over Base Policies: Excess/Umbrella insurance offers extra liability coverage beyond the limits of a trucking company's underlying policies, like Auto Liability, General Liability, and sometimes Workers' Compensation.
Covers Major Claims and Lawsuits: It's designed to protect against exceptionally large claims or lawsuits that exceed the limits of primary insurance policies.
Flexible and Broad Coverage: This insurance typically offers broader coverage terms, potentially covering claims that aren't included in the underlying policies.
High Policy Limits: Excess/Umbrella policies offer higher limits, often in millions, which is crucial for catastrophic events or significant lawsuits.
Varies Based on Underlying Policies: The scope and cost of Excess/Umbrella coverage can depend on the nature and extent of the underlying policies and the trucking company's risk profile.

Non-Trucking Liability & Bobtail

Covers liability for property damage or injury caused by a truck when it's not being used for business purposes or hauling cargo.
Often required for owner-operators leased to a motor carrier, filling the gap when the truck is not under dispatch.
Protects the driver during personal use, such as driving the truck home or for non-business errands.

Specifically covers the truck when it is being driven without a trailer attached, regardless of whether it's under dispatch or not.
Important for instances where the truck is driven between jobs or back to a terminal after delivering a load.
Often a requirement for leased operators to have this coverage to protect the motor carrier's primary liability policy.

Occupational Accident Coverage

Alternative to Workers' Compensation: Occupational Accident insurance is often used as an alternative to traditional Workers' Compensation, particularly for independent contractors or in states where Workers' Comp is not mandatory.
Covers Work-Related Injuries: It provides coverage for injuries that occur in the course of employment, including medical expenses, lost wages, and death benefits.
Customizable Policies: Coverage can often be tailored to the specific needs of the business or individual, with varying limits and deductibles.
May Include Disability Benefits: Policies typically include temporary or permanent disability benefits if the worker is unable to return to work due to the injury.
Cost-Effective Option: Often more affordable than traditional Workers' Compensation, making it attractive for smaller businesses or independent operators.

Workers Compensation

Mandatory in Most Jurisdictions: Workers' Compensation is required by law in many areas to cover employees' medical costs and lost wages due to work-related injuries or illnesses.
Covers Medical Expenses and Lost Wages: It provides benefits to employees for medical care, rehabilitation, and a portion of their lost income while they are unable to work.
Death Benefits: In the case of a fatal work-related accident, Workers' Comp typically provides death benefits to the employee's dependents.
Varies by State and Occupation: The coverage requirements and benefits can vary significantly based on the state and the specific nature of the trucking operations.
Includes Employer's Liability Insurance: Often includes Employer's Liability coverage, protecting the employer against lawsuits alleging that the injury or illness was caused by the employer's negligence.

DOT Regulation & Risk Management

Contact us for assistance in solidifying your Risk Management and Safety program. We offer the following programs and many more.