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Understanding The Basics of Commercial Trucking Insurance

  1. Owner-Operator Insurance: for independent drivers

  2. Private Carrier Insurance: for drivers who are hauling goods in their personal vehicles for their company If you have questions about what type of insurance you should purchase, then please get in touch with our agents in Glendale! We will walk you through the process and help you purchase coverage that will both ensure compliance with federal regulations and take care of all your needs.

Owner-Operator Insurance Whether you lease to a motor carrier or you work for yourself, there is trucking insurance coverage that you need to protect your business. If you are working for yourself, then there are three main types of coverage that you will need.

  1. Liability Insurance: covers any damage that you cause to other people and their property

  2. Physical Damage Coverage: covers damages to your vehicle

  3. Motor Truck Cargo Insurance: covers damages to your cargo

  4. Motor Truck General Liability Insurance If you are leasing to a motor carrier, then they will usually provide liability insurance; however, you will need non-trucking insurance and bobtail insurance. This will cover damages when you are not under dispatch.

Private Carrier Insurance Drivers that are transporting goods for business purposes will also need insurance under federal regulations. The amount of liability insurance will depend on the type of load that you carry.

  1. Non-hazardous property: $750,000 is required

  2. Hazardous: $5,000,000 is required

  3. 15 or less passengers: $1,500,000 is required

  4. 16 or more passengers: $5,000,000 is required

Get In Touch With Cornerstone Preferred Insurance If you are looking for affordable commercial auto insurance that will protect you and your business, then call the insurance specialists at Cornerstone Preferred Insurance in Glendale! We have extensive experience with commercial policies and can shop all the best providers to find the right insurance plan for you.

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