Commercial Truck Insurance
Commercial truck insurance is a specific grouping of insurance auto policies developed to cover trucking needs. The trucking policies start with primary liability and build upon that foundation with various additional coverages.
Primary liability truck insurance is often required as part of a trucking license — it protects people and property from damage caused by your truck.
If you’re a driver and want to drive on your own authority, then you will need primary liability insurance. If you’re an owner-operator of a trucking company, then you’ll have to expand your trucking insurance to include general liability as well.
Need insurance to drive? Primary liability is your goal. Need to get your trucks on the road? You’ll need general liability.
A primary insurance policy will only cover the damage to another vehicle or to a person in the event of an accident. At the very least, the public is protected. General liability, however, offers additional protections in the case of a lawsuit or a libel/slander/false advertising claim against your business. Most insurance experts would encourage you to invest in a general liability commercial trucking plan.
The Federal Motor Carrier Safety Administration (FMCSA) requires that all trucks have at least $750,000 in insurance coverage. Additionally, the FMCSA might require certain trucking operations (for example, those that haul cars) to show proof of adequate general liability coverage.