What is Truckers Physical Damage Insurance
Physical Damage Insurance for Truckers is Comprehensive and Collision coverage that protects the value of your own truck for loss or damage.
We can help you find the best commercial insurance rates for vans.
Expediters have established an industry standard for insurance limits and operate on an Unlimited Radius. Brokers usually require Expedite Independent Contractors to carry these limits of insurance coverage to bid on load boards:
| Primary Commercial Auto Liability | $1,000,000 CSL |
| Cargo | $100,000 |
Last Mile Delivery Independent Contractors operate closer to home. Their insurance requirements differ depending on their contracts.
For example, their Primary Commercial Auto Liability limit requirement may be $300,000 instead of $1,000,000. Frequently their Cargo limits are lower as well.
However, the additional insurance coverage General Liability is often required to bid on Last Mile Delivery Loadboards.
Learn more about the difference between Primary Commercial Auto Liability and General Liability.
GEICO commercial trucking insurance is usually the best. They have a new program that is specifically for owner operators and expediters.
Cargo van insurance costs vary WIDELY from state to state.
Other factors that affect insurance cost include:
Read our list of 10 tips to reduce your commercial truck insurance rates.
Or give us a call at (330) 864-1511 to run a preliminary quote to give you a ballpark number.
It only takes 5 minutes and will be your most accurate guess before you take a leap.
$300,000 liability is the minimum requirement as designated by FMCSA to haul freight across state lines as an Expediter. Read more here for What is the Definition of a Commercial Vehicle. Your state DMV has their own requirements for commercial vehicles.
This is dependent upon the broker’s requirements. Most Expedite brokers require a minimum of $1 Million in liability coverage regardless of unit type. Read more here.
Last Mile Delivery brokers may require less Commercial Auto Liability and Cargo but more General Liability coverage.
Yes! And we suggest that you do. We can provide a same-day quote basing the information on your preferred unit type.
Yes, we can typically start a policy with as little as 9% down.
No, we can write all coverage types regardless of your DOT status. We can help guide you through each of your options, helping you decide which business structure is the best fit. Read more here on What is the Definition of a Commercial Vehicle then give us a call so we can help.
When Independent Contractors Lease On to a bigger Motor Carrier their insurance is different.
Because the Independent Contractor is operating under the Motor Carrier’s DOT Authority, the Motor Carrier provides the Primary Commercial Auto Liability. Per contract, the Owner Operator is still responsible for providing Non-Trucking Liability which means he’s insuring himself while not operating on behalf of the Motor Carrier.
Primary Commercial Auto Liability costs much more because it insures 24/7.
Non-Trucking Liability costs much less because it’s only part time coverage.
Non-Trucking Liability can be tricky. If you plan to lease on to a Motor Carrier learn more here about NTL:
No. Read this comprehensive article on non trucking liability insurance to understand why.
Start here to learn more about our industry then give us a call…we’d love to help you get on the road!
Have your drivers license and VIN number ready to get a fast commercial auto quote on your cargo van or sprinter.
The ladies at CIS love to chat, have many contacts and can give you a lot of free advice on which direction to go.
Physical Damage Insurance for Truckers is Comprehensive and Collision coverage that protects the value of your own truck for loss or damage.
Truckers General Liability insures you for accidents when you’re NOT operating your truck.
Primary Commercial Auto Liability covers you for accidents while you ARE operating your truck.
Commercial Trucking Liability Insurance is essential because as the saying goes, You’re Liable to Get Sued. Here’s an easy cheat sheet.
We shop multiple transportation insurance companies to get the best rates. Whether you’re a new start up, owner operator or an established motor carrier, we have a competitive insurance package for you.
Call us to find out in just a few minutes what it will cost to insure your commercial truck.
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