Are you a private carrier? It’s time to consider commercial truck insurance for your business. At Adion Financial, we can find you the right liability insurance for your commercial vehicles.
What Is Commercial Trucking Insurance?
Commercial truck insurance is a type of auto insurance product. It’s designed to meet the unique needs of private trucking companies.
If your truck is involved in a crash, commercial insurance helps to cover the cost of damage including:
- Property damage
- Personal injury i.e. bodily injury
- Other associated losses
Without insurance cover, your business will be expected to meet these costs alone. This could severely damage your bottom line. That’s why we care about helping you find the perfect insurance policy for your trucking needs. For commercial truck insurance in GA or across the country, contact us now!
Types of Commercial Truck Insurance
There are different types of insurance coverage. The type of insurance you choose depends on various factors such as:
- Size of your business
- Number of trucks in your fleet
- Type of cargo you carry
Whether you need freight truck insurance or semi truck commercial insurance, there’s a policy out there for you.
Levels of Coverage
Here’s a breakdown of the most common levels of truck insurance coverage in Glastonbury, CT.
Primary Liability Coverage
Every trucker/trucking company who operates under their own authority is required to carry primary liability coverage.
This policy must cover personal and property damage caused by any vehicle in your fleet. Alternatively, a leased operator must carry their own insurance. Motor carriers usually provide coverage for leased operators but not always.
Provides coverage for loss or damage to the property a truck is transporting (the load). Generally, though not always, provided by the motor carrier for leased operators.
Physical Damage (Collision, Specified Perils)
Provides coverage for repair or replacement due to damage resulting from a covered loss. Covered losses include:
Product designed specifically for owner operators in the trucking industry. In most states, by being self-employed owner operators can opt out of state mandated workers compensation coverage. While not the same as workers compensation, occ/acc is similar in scope and intent.
Most motor carriers require their leased operators to be covered either by workers compensation or occ/acc. The cover is at the leased operator’s expense. For those who qualify, occ/acc is generally a lower cost alternative.
Do I Need Commercial Truck Insurance?
Alongside your CDL, truck insurance is essential if you have a truck or small business.
- Without insurance, your business must cover the costs of all damage. This includes legal fees and other related costs.
- Insurance is legally required in CT if you have a truck.
- You could face penalties if your trucks are underinsured.
Truck insurance is non-negotiable, no matter the size of your fleet. Do you need commercial truck insurance in PA or elsewhere? Let our team help.
How Much Is Commercial Insurance in CT?
Commercial truck insurance costs vary across the country. For example, commercial truck insurance in WV may cost more or less than in CT.
The factors which determine how much insurance costs include:
- Age and experience level of driver
- Past claims history
- Types of cargo (e.g. hazardous materials, expensive cargo)
- Driving routes
- Vehicle value
- Vehicle mileage
The Adion Financial team can help you find a competitive quote for your trucking operations.
How to Get Commercial Truck Insurance
It couldn’t be easier to get a commercial insurance quote. All you need to do is call our office or get a quote online. We will help you understand your options so you can choose the right product for your needs.