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Whether you travel long distance or locally, deliver freight or non-freight items, truckers spend a lot of time on the road. Being on the road constantly is tiring and rewarding for many truckers. It also means you face serious risks.
Pays to replace any lost or damaged cargo that you were transporting for your customers.
When you own a wider fleet you want to ensure that your employees’ injuries will be covered under your Workers' Compensation policy.
Pays for expenses from property damage or injuries to third parties when your truck is not on the road.
This insurance covers liability only if you drive a truck under someone elses trucking authority when you're doing business but not hauling a trailer or other load.
Property damage: you break client’s property while performing the service. Court and Legal fees: you need an attorney to defend against a lawsuit, even if you did nothing wrong. Medical Payments: Someone gets injured because the floor was wet.
The cost of truckers insurance depends on a variety of factors. It is important to note that while most insurance providers do not offer truckers insurance, those that do may need to review your driving record, truck condition and age, types of freight transported, experience and previous claims history. These factors can help determine the cost of your coverage. Truckers insurance is generally quite expensive and can also fluctuate depending on how many trucks you own. For example, if you own one truck, on average you may pay $8,000 a year while someone with two trucks may pay more.
Non-trucking insurance also known as bobtail liability is a type of liability coverage for when you use your commercial vehicle for personal use. Non-trucking insurance provides coverage for property damage or bodily injury that may occur to a third party. Additionally, non-trucking insurance covers expenses that may arise from accidents when you are on the road but not on the clock, meaning during your personal time. However, non-trucking insurance doesn't provide liability coverage for business use or when hauling any type of equipment from your truck.
The difference between bobtail insurance and non-trucking insurance is that bobtail insurance covers you whether your truck is used for personal or business reasons while non-trucking insurance does not. In bobtail insurance, you and your truck are covered, but only when you're not hauling cargo or a trailer. Non-trucking insurance covers you in accidents that occur when you're using your truck for personal use such as grocery shopping, going to a restaurant or even hauling some dirt for personal usage.
The kind of truckers insurance you need can depend on the size of your trucking company, how many employees you have, where your trucks are parked after business hours and more. Some common types of truckers insurance include: Non-Trucking liability, bobtail liability, physical damage, general liability, cargo insurance, and primary liability which is required for truckers to have in all fifty states and will cover costs associated with individuals injured in accidents you cause on the road. You can select one or all of these insurances or even seek other types of truckers insurance depending on your company’s needs.
You can easily retrieve your DOT number, or submit an application for a new one by visiting the FMCSA site here
If you are requesting a new DOT number ensure to have the following documents with you:
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