Truck and Truck Cargo Insurance 2018-01-30T20:17:51+00:00

Truck and Truck Cargo Insurance

Ararat Insurance Services is a truck insurance agency specializing in transportation and cargo coverage for owner operators and fleet. We offer all lines of protection for your commercial insurance needs, including but not limited to Auto Liability, Non-Trucking (Bobtail Liability), General Liability, Motor Truck Cargo, Physical Damage, Trailer Interchange, and Workers Compensation. Ararat Insurance has an experienced staff that are ready to help with your truck insurance needs. Contact us if you are looking for commercial truck insurance, semi insurance, owner operator insurance, fleet insurance, or cargo insurance. Give us a call today at 206-248-5615. Professional truck drivers aren’t the only contractors who need commercial truck insurance. This type of insurance is also necessary for companies that transport goods and services between job sites, as well as for other types of contractors.

Types of Commercial Truck Insurance

There are several components to a comprehensive policy for commercial truck insurance. Some of the more common types are physical damage insurance, primary auto liability, non-trucking liability and non-owned trailer liability. It’s important to understand the differences between these types of coverage, so that you can select the commercial truck insurance that is best suited to your specific needs. Physical damage insurance is exactly as the name suggests. In the event that your truck and/or trailer are damaged, you would receive benefit payment(s) under this type of policy. The value of your equipment is the primary determining factor of your premium, and your rate is typically a percentage of the total value. This type of coverage is not required by law, but if you don’t own your vehicle outright, you will likely need this coverage to secure a loan. Federal regulations require contractors to carry primary auto liability insurance, even on leased vehicles. This type of coverage offers protection when someone else is hurt in an accident involving an automobile that belongs to you or your business. Another optional (although highly recommended) type of coverage is non-trucking liability insurance, also known as deadhead coverage or bobtail coverage. As the name implies, this kind of policy protects you by paying for an accident when the truck and/or driver are not under dispatch. If you pull a trailer for someone else, you definitely should look into non-owned trailer liability coverage and non-owned trailer physical damage coverage. This kind of liability coverage protects the trailer, while physical damage coverage insures the trailer in the event of a total loss. Other types of commercial truck insurance to ask your broker about include: trailer-interchange liability coverage, cargo insurance, inland marine insurance, terminal coverage, warehouse legal, and the list goes on. With so many options, you’ll want to make sure you choose an experienced broker to assist you in creating a comprehensive portfolio of commercial truck insurance.

Determining Cost

If you drive a truck or own a trucking company, you are already aware that insurance is one of the largest fixed expenses on the books. That’s why it is so important to review and revisit your coverage at least annually, to make sure you have sufficient coverage in the event of a road mishap. A reputable insurance carrier or broker should assist you by performing a thorough review of the factors that will ultimately impact the cost of your premium. Your driving records are one of the most important determining factors, and also the factor over which you have the most control. An excellent driving record can save you thousands of dollars per year in insurance premiums. Additionally, the insurance carrier will also take the following into consideration when determining your rate: age of the driver, age of the equipment, types of goods or products hauled, average distance hailed, storage location of the vehicle, history of loss, number of years the company has been in business, etc. Whether you are in need of commercial truck insurance for cross-country deliveries in a semi, or for small pick-up trucks used between job sites, trust the professionals of to connect you with the policy you need at a price you can afford. Our competent staff can help you locate your ideal policy for commercial truck insurance with the greatest of ease. For more information, call our contractors insurance specialists at (206) 248-5615 today.

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