Primary Liability Insurance (Required by Law)

 

• Covers: Bodily injury and property damage to others in case of an accident caused by your truck.

• This coverage is mandated by states and federal agencies. (FMCSA requires it).

• Minimum coverage limits $750,000 up to $1 million (higher if hauling hazardous materials).

 

General Liability Insurance

 

•  Covers: Injuries or property damage not directly caused by the truck (e.g., customer slips on your lot, loading dock accidents).

• Why it’s important? Protects against lawsuits from business-related incidents outside the truck.

 

Physical Damage Coverage

 Covers any damage to vehicles listed on the policy. Not required by law, but essential if you are financing a vehicle.

What it covers: Repairs or replacement of your truck and trailer due to:

• Collision

• Theft

• Fire

• Vandalism

• Weather-related damage (hail, flooding, etc.)

​

Motor Truck Cargo Insurance

Covers: Loss or damage to the cargo you're hauling whether due to theft, collision, fire, or other covered events. It also includes damage to goods in transit under a bill of lading.

Why it matters? Often required by clients and brokers for most freight contracts.

 

Trailer Interchange Insurance

 

• Covers: Damage to a non-owned trailer you’re using under a trailer interchange agreement.

• Especially useful for truckers who switch trailers frequently.