Trucking and transportation companies must also carry commercial auto liability insurance, which helps pay for third-party injuries and property damage caused by a tractor trailer driver.
Other coverages in commercial auto insurance coverage include:
Comprehensive insurance helps pay for damages to your equipment not related to a collision. This policy may help repair or replace your company’s tractor trailer after a fire, weather damage, theft or vandalism.
Collision insurance helps pay for damages to your tractor trailer after an accident with an object or another vehicle.
Medical payments/personal injury protection coverage helps cover financial losses and medical bills if a tractor trailer driver or their passenger sustains injuries in an accident
Uninsured/underinsured motorist insurance helps pay to repair or replace the tractor trailer if the party responsible for an accident has inadequate insurance coverage or is uninsured.
If you have a loan or lease on your equipment, your lienholder may require certain insurance coverage types. Your agent can help provide proof of insurance to lienholders on your behalf.