Protecting the Drivers, Trucks, and Cargo that keep America moving, and its significant and complex issues and demands is paramount. At Liberty, we have devoted time and resources to not just understanding your risks but developing programs to mitigate your risks and drive down insurance spend.
At Liberty we do not take the word partner lightly. Our Trucking and Transportation practice leaders will work with you to mitigate risk, drive down cost and stay abreast of the latest insight our Trucking and Transportation partners. It is not just about the strategies we bring to the table; it’s about our ability to execute those strategies.
Commercial trucking insurance is a necessity for individuals or companies that own and operate trucks for commercial purposes. Commercial trucking insurance is crucial for any business or individual that relies on transportation to conduct their operations, whether they are transporting goods, equipment, or people.
First, it is required by law in most states and is necessary to protect businesses and individuals from financial loss in the event of an accident, theft, or damage to their vehicles.
In addition to being legally required in most states, commercial trucking insurance protects against significant financial losses that can result from accidents, cargo damage or theft, and other events. Without proper insurance, businesses and individuals who rely on commercial trucks may face severe financial consequences that can impact their operations, livelihoods, and reputation.
Covers damages or injuries caused to other parties in accidents where the commercial truck driver is at fault.
Covers the cost of repairs or replacement of a truck damaged in an accident or due to other incidents such as theft, fire, or vandalism.
Provides coverage for specific types of trucks, cargo, or risks that are not covered by standard commercial trucking insurance policies.
Provides financial and medical benefits to employees who suffer work-related injuries or illnesses, covering medical expenses and lost wages while protecting employers from potential lawsuits related to workplace injuries.
Offers businesses protection against third-party claims for bodily injury, property damage, and other related liabilities, helping cover legal expenses and potential settlements.
Covers the cost of lost or damaged cargo being transported by the insured commercial truck or other vehicles.
Covers vehicles and drivers that transport goods over long distances and across state lines.
Provides additional coverage beyond the limits of primary insurance policies, offering financial protection against catastrophic losses.
At Liberty, our team of experts can help you find the right coverage at the right price for your business.
We understand that clients have diverse needs. Our strength lies in our ability to consistently provide custom solutions and project management to help guide businesses to make smart insurance decisions. Get covered in just four easy steps!
The list includes, but is not limited to:
The types of coverage you need for your commercial trucking business depend on the specific needs and risks of your operations. You may need specialized coverage for specific risks, such as pollution liability or refrigeration breakdown. It is important to work with an experienced insurance provider who can assess your business’s needs and help you find the right coverage for your commercial trucking operations.
While liability insurance covers damages or injuries caused to other parties in accidents where the commercial truck driver is at fault, cargo insurance is specifically designed to protect the cargo being transported by the commercial truck. Cargo insurance is not always required by law, but it may be required by shippers or customers who want to ensure that their goods are protected during transport. Therefore, while liability insurance is mandatory, cargo insurance is often a wise investment for commercial trucking businesses to protect their own assets and reputation in case of cargo damage or loss.
Our experience in the transportation industry places us in a unique position to understand the risks your fleet faces on a daily basis. We’ll help you find the right coverage and develop a comprehensive risk management plan.
The cost of trucking insurance can vary widely depending on a variety of factors, including the size and type of the commercial truck, the cargo being transported, the distance traveled, the driving record of the driver, and the level of coverage needed. On average, the cost of commercial trucking insurance can range from a few thousand dollars to tens of thousands of dollars per year. It is important to shop around and compare quotes from multiple insurance providers to find the best coverage at a competitive price.
At Liberty, we can find you the best coverage at the best rates from the Nation’s top carriers.
