Last updated 2 days ago
State and federal laws require that all motor vehicle operators carry current transportation insurance, from owner-operators to mid-sized and large commercial trucking companies; but with so many policies and providers to choose from, obtaining the proper trucking insurance for your clients is not always an easy task. Make obtaining commercial trucking insurance1 easier for all of your clients with this overview.
Types of Trucking Insurance Coverage
Commercial trucking insurance typically provides coverage for a number of areas including but not limited to:
- General liability: General liability provides coverage for damage caused when the vehicle is not driving on the road. This includes accidents that occur in parking lots, rest stops, gas stations, or while the vehicle is being loaded or unloaded. General liability2 trucking insurance policies typically provide coverage for vandalism and theft as well.
- Physical damage: Physical damage insurance includes coverage for the cost of fixing or replacing the truck if it is involved in an accident. Physical damage coverage may also include collision insurance to protect the commercial trucking company if the vehicle collides with another object, rolls, or overturns.
- Auto liability: Auto liability provides coverage for property damage or injuries sustained by other individuals due to a truck accident. This type of coverage is required by many state and federal commercial trucking agencies.
At Park Insurance Company3, our transportation insurance program provides comprehensive, quality commercial coverage at competitive rates for New York State s commercial transportation industry. We work with brokers to provide insurance for various commercial vehicles including concrete trucks, moving and storage vehicles, tow trucks, and construction vehicles. For more information on our services or to become an agent, contact our New York office at (646) 402-6745.