Commercial Trucking Insurance in Justin, Texas
Commercial truck insurance is designed to cater to the unique needs of the trucking industry. Contact ATI Insurance Services in Justin, Texas, to get a quote for commercial trucking insurance.
What Trucking Insurance Is Required?
Texas requires all commercial trucks to maintain minimum amounts of commercial auto liability insurance coverage, which may help cover third-party liability claims for bodily injury and property damage. The Federal Motor Carrier Safety Administration (FMCSA) also requires public liability insurance, which may help cover damage to people and property caused by the truck. Certain trucking operations, such as hauling hazardous materials, may require additional coverage with a commercial truck insurance policy.
It’s important to note that the FMCSA sets federal liability insurance requirements. Still, individual states may have their own regulations, so it’s a good idea to check with the Texas Department of Motor Vehicles or a licensed insurance agent to ensure you have the proper coverage.
What Does Trucking Insurance Cover?
Apart from the basic liability coverage, a commercial auto policy typically offers various additional coverages, such as:
- Comprehensive insurance may help pay for damages resulting from incidents or accidents unrelated to collisions, such as acts of vandalism, weather damage or fire.
- Collision insurance may help pay for damages to the insured tractor trailer caused by an accident involving another vehicle or object.
- Medical payments (MedPay) may help cover medical bills in case of injury to the tractor trailer driver or passenger in an accident.
- Personal injury protection (PIP) may help cover medical expenses, lost wages, and other expenses that arise from injuries sustained in a car accident, regardless of who was at fault. PIP can also provide coverage for services such as childcare or housekeeping if the injured person cannot perform those tasks themselves. In Texas, PIP coverage is optional, but insurance companies must offer it to their customers.
- Uninsured/underinsured motorist insurance may help cover replacement or repair costs for a tractor trailer if an accident causes damage and the responsible party is uninsured or does not have adequate liability insurance coverage.
- Non-trucking insurance may help provide the owner/operator coverage when the truck is used for non-business purposes.
- Bobtail insurance may help provide coverage for times between loads when the driver is driving the truck without hauling a trailer or other load.
- Trailer interchange coverage may help pay for all liabilities caused by or to a non-owned trailer if both parties have signed a trailer interchange agreement.
- Non-owned trailer insurance may help trucking companies pay for damages occurring when a trailer they don’t own but is in their control is damaged. A trailer interchange agreement must be in place. This truck insurance coverage works whether or not the trailer is connected to the truck at the time of the incident and may help protect the trucking company from the financial effects of fines and repairs.
- Motor truck cargo insurance may help cover accidental damage or loss of cargo for trucking companies or truck drivers responsible for hauling goods and the shipper.
What Are Different Types of Insurance You May Need for a Trucking Business?
Depending on the business’s specific needs, a trucking business may consider several types of insurance. Your agent may recommend that you purchase the following policies and endorsements:
- General liability insurance
- Property insurance
- Cyber liability insurance
- Employment practices liability insurance
- Business interruption insurance
- Environmental liability insurance
- Umbrella insurance
- Workers’ compensation insurance
Contact ATI Insurance Services to start building your customized trucking insurance plan and get affordable commercial truck insurance.