Why do truckers need general liability insurance?

Asked by: Cathrine Romaguera  |  Last update: February 11, 2022
Score: 4.4/5 (21 votes)

General liability insurance for trucking companies. General liability insurance covers common business risks like customer injury, customer property damage, and advertising injury. It protects your small business from the high costs of lawsuits and helps you qualify for leases and contracts.

Why do trucking companies need insurance?

Commercial truck insurance is an important type of coverage to protect you from costly bills should any of your trucks become involved in an accident. ... You're required to have primary liability coverage as part of a trucking license to protect property and people from damage your trucks cause.

What is commercial general liability insurance trucking?

General liability insurance protects your trucking business against relatively common at-fault errors. If one of your drivers is involved in an accident or one of your vehicles is totaled, commercial auto insurance provides the coverage you need, whether your company is at fault or not. ...

What insurance is needed for a trucking company?

Typically, a trucking company will only insure for these lines of coverage: Auto Liability, Auto Physical Damage, Cargo, and General Liability. This brief article is meant to go over a growing risk exposure in the industry that is often overlooked – Cyber Liability.

What type of insurance do I need for a semi truck?

Types of Semi Truck Insurance
  • Primary Liability Insurance. This is the one type of insurance that the law requires. ...
  • Physical Damage Insurance Coverage. ...
  • Bobtail Insurance. ...
  • Motor Truck Cargo Coverage. ...
  • Basic Information Needed. ...
  • Do's and Don'ts. ...
  • Premium Deciders. ...
  • Question to Ask.

Why does a Trucker need Auto Liability and General Liability?

23 related questions found

What kind of insurance do I need for a semi truck?

If you're working under your own authority, you'll need to carry your own commercial truck insurance coverages, including: Liability - Pays for damages that you cause to other people and their property. It normally includes Bodily Injury Liability and Property Damage coverages.

What is symbol 47 in a truckers policy?

The Trucker's Policy uses numeric symbols to indicate the type(s) of vehicles for which coverage is in effect. ... If symbol 41 is not used and Hired Auto (symbol 47) or Non-Owned Auto (symbol 50) coverage is desired, those symbols must be checked.

What is non trucking liability insurance?

Non-trucking Liability Insurance covers owner-operators from any liability claims when the truck is used for non-commercial reasons, irrespective of whether there is a load attached or not.

Who needs an ICC filing?

Personal Injury / Property Damage Liability Insurance required an ICC Filing: In the application for ICC Filing, if the weight of the loaded vehicle, or the combined weights of both the power unit and the trailer is 10,000-lbs or less and you are hauling non-hazardous loads on a For-Hire basis across state lines, you ...

Do truck drivers have to have insurance?

Truckers and Bus Drivers

Although truck drivers are required to have commercial insurance coverage, who pays for it can vary. Some trucking companies own all their vehicles and hire drivers as employees. In this case, the company will bear the insurance costs.

Do truckers have health insurance?

While some trucking companies offer their employed or contracted truckers health insurance, sometimes they don't and sometimes that coverage is too expensive or not flexible enough. Health insurance for truck drivers is not only available but there are a few options to explore: An individual or family plan.

What are filings for trucking?

Commercial truck filings prove that you have enough Liability insurance to meet minimum Federal and state requirements. Progressive offers state and federal filings, also called financial proof of responsibility that are a guarantee to the government that you are carrying sufficient truck insurance protection.

What does ICC filing mean?

What is a UCC filing? A UCC filing is a legal notice a lender files with the secretary of state when they have a security interest against one of your assets. It gives notice that the lender has an interest, or lien, against the asset being used by you to secure the financing.

What is an ICC number in trucking?

MC Number (previously known as an ICC) is specifically designed for identifying a carrier or company that: Transports regulated items from another ownership or arranging their transport (for a fee or other compensation, in interstate commerce) Transports Passengers in Interstate commerce.

Is physical damage the same as bobtail insurance?

When bobtail covers any liability that may arise from the accident when your truck is without cargo, a physical damage policy covers all damages that your truck may have an encounter. In case of an accident, bobtail insurance doesn't cover damages sustained by your truck as it covers liabilities only.

What does bobtail mean in trucking?

What is Bobtailing? A semi-truck is in “bobtail” mode when it does not have a trailer attached. Truck drivers often drive a bobtail truck when they are on their way to pick up their cargo at the beginning of a shift, or after dropping their cargo off at the end.

What does unladen insurance cover?

Unladen Liability — in motor carrier/trucking terminology, liability coverage while a truck is operated with an attached empty trailer that is not hauling cargo (i.e., deadheading) or without any trailer (i.e., bobtailing), regardless of whether the truck is dispatched or not.

What is the difference between Fleet and non-Fleet?

What differentiates a fleet vehicle from a commercial non-fleet vehicle is the number of commercial vehicles. Usually, if a business owns 5 or more commercial vehicles, they have a fleet. These vehicles should all then be classified as fleet vehicles, rather than non-fleet vehicles.

What does PPT stand for in auto insurance?


What is a PPT vehicle?

Posted by admin. Insurance companies usually define these as four-wheel vehicles that are not used to carry passengers for a fee.

How much insurance does a trucking company have to have?

Contractual requirements

The FMCSA generally mandates a minimum liability limit of $750,000 CSL or $1,000,000 CSL for truckers who need a federal filing. This is much higher than most state minimum limits, meaning those drivers can expect to pay more.

Is bobtail insurance required?

Do I need Bobtail/Non-Trucking Liability Insurance? When you're under dispatch, the company that you haul for covers insurance. ... If the primary liability is in the name of you or your corporation, and you own the truck, then you would not be required to carry bobtail liability.

Do I need an ICC number?

If you want to go on your own, you will need an ICC Number as most states require you to either be a Private Carrier, For-Hire Carrier hauling exempt commodities, For-Hire Registrant leased to a trucking company, or a For-Hire Carrier with your own ICC Number before issuing an IRP plate.

What are ICC regulations?

ICC regulations encompassed transportation economics, transportation service, and consumer protection. In the area of transportation economics the ICC had regulatory power over rates and charges among regulated carriers, shippers, receivers of freight, and passengers, among others.