Commercial Truck Insurance

By obtaining commercial trucking insurance, your business will benefit from:

• Asset Protection: Your people and trucks are valuable assets that keep your business financially viable. Commercial trucking insurance helps protect your business, drivers and vehicles from risks like accidents, theft, vandalism and natural hazards, such as extreme weather.
• Cargo Protection: Policies often cover the cargo you're transporting and protect against loss or damage.
• Contract Compliance: Insurance coverage required by shippers that help win contracts and gain new business.
• Financial Protection: It covers the costs associated with accidents, property damage and driver injuries, including workers’ compensation claims.
• Legal Compliance: Most states require specific types of coverage for trucking companies.
• Liability Coverage: It protects your business from liability claims, such as damages caused by your truck to other vehicles or property.
• Property Coverage: It helps you comply with lease agreements and loans from financial institutions for warehouse space, terminals and property locations.

Consider the following recommendations to avoid commercial trucking insurance claims:

• Accidents and Collisions: Implement driver safety training and incentive programs, ensure regular vehicle maintenance and use telematics and other technology solutions to monitor and improve driving behavior.
• Integrate Claims Data: Integrate claims data and telematics data to evaluate overall driver performance and potential change of routes to lower the cost of risk and improve profitability.
• Cargo Theft or Damage: Invest in specialty insurance, including motor truck cargo, shipper’s interest and stock throughput coverages. Secure cargo properly, park in safe areas and use GPS or other tracking systems to monitor shipments and improve the recovery of assets and trucks with integrated GPS systems in your claims and insurance risk mitigation.
• Driver Injury: Promote ergonomic practices, ensure rest breaks, invest in a health and wellness program and provide PPE.
• Environmental Damage: Train drivers on handling hazardous materials, inspect containment systems and prepare emergency response plans.
• Mechanical Failures: Perform regular preventive maintenance and daily inspections and invest in quality parts.
• Nuclear Verdicts: Implement and harness technology, review contracts from shippers and limit legal liability that could impact insurance costs.
• Weather-Related Incidents: Plan routes to avoid severe weather, equip trucks with necessary gear and provide real-time weather updates to drivers.

By taking these preventive measures and implementing new tools and technology, you can reduce your total cost of risk and the cost of risk per mile to enhance safety and compliance measures within your operations.

HUB provides comprehensive commercial trucking insurance to fleets of all sizes and types, including independent equipment owner-operators, contract motor carriers, long-haul transportation providers, last-mile delivery fleets and moving and storage operations.

• Fleet Operators: Companies that manage a fleet of trucks and employ multiple drivers to transport goods regionally or nationally.
• Long-Haul Transportation Providers: Drivers that operate at long distances, often crossing state lines and transporting goods across the country.
• Contract Motor Carriers: Truckers who work under contract for specific companies, transporting goods on a project or seasonal basis.
• Independent Equipment Owner-Operators: Independent drivers who own and operate their own trucks, either working under their own authority or leased to a motor carrier.
• Local Delivery Drivers: Truckers who operate within a specific geographic area, handling short-haul or last-mile deliveries.
• Specialized Truckers: Drivers that transport specialized cargo, such as hazardous materials, oversized loads or temperature-sensitive goods.
• Agricultural Haulers: Drivers that specialize in transporting agricultural products, such as livestock, crops or farm equipment.
• Construction Haulers: Truckers that transport construction materials, equipment or waste to and from job sites.

These policies are tailored to meet the unique needs of each type of trucker, ensuring they have the right coverage for their specific operations.

HUB works with a variety of trucking operations. Each type of truck may have specific insurance needs, and policies can be tailored to cover the unique risks associated with the vehicle’s use. These can include:

• Autonomous Trucks: These self-driving trucks use advanced sensors and AI to navigate and transport goods without human intervention.
• Box Trucks: Also known as straight trucks, these are used for local deliveries and often carry furniture, appliances or packages.
• Dump Trucks: Common in construction, these trucks transport loose materials like sand, gravel or demolition waste.
• Electric Trucks: Powered by electricity instead of diesel or gasoline, these trucks are eco-friendly and ideal for reducing emissions in transportation.
• Flatbed Trucks: These trucks transport oversized or irregularly shaped cargo, such as construction materials or heavy machinery.
• Garbage/Waste Removal Trucks: Municipal and private waste management companies use these trucks to collect and transport waste.
• Pick-up Trucks: Versatile light-duty trucks with an open bed, commonly used for personal transport and hauling small to medium-sized loads.
• Refrigerated Trucks: These trucks transport perishable goods that require temperature control, such as food and pharmaceuticals.
• Semi-Trucks (18-wheelers): These are the most common vehicles insured and used for long-haul transportation of goods.
• Tank Trucks: Designed to carry liquids or gases, such as fuel, gas or chemicals, as well as milk, water and fertilizers.
• Tow Trucks: These trucks are used to tow disabled vehicles and are commonly covered under commercial policies.

HUB places coverage for fleets with one or more (1+) power units. Commercial trucking insurance applies to any business with trucks and drivers, or that engages in a transportation-related activity, including:

• Freight and Logistics Companies: Businesses that manage the transportation of goods over long distances, including trucking fleets and owner-operators.
• Automobile and Truck Dealers: Companies that sell new and used vehicles, including cars, trucks, vans, etc.
• Last Mile Delivery Services: Businesses that handle local or regional deliveries, such as package delivery companies and courier services.
• Moving & Storage Companies: Companies specializing in moving household or commercial goods and often use box trucks or vans.
• Shared Economy Businesses: Shared, or gig, economy businesses and platforms that include transportation network companies, non-emergency medical transit, student transport, delivery network companies, rideshare businesses and more.
• Agricultural Businesses: Farms and companies that transport livestock, crops or equipment using various types of trucks.
• Auto Haulers and Towing Services: These companies transport vehicles for dealerships, auctions or emergency towing services.
• Construction Companies: Firms that use dump trucks, flatbeds, cement mixers and other types of trucks to transport materials to and from job sites.
• Food and Beverage Distributors: Businesses transporting perishable goods in refrigerated trucks, including grocery distributors and catering companies.
• Fuel and Oil Companies: Businesses that transport fuel, oil or other hazardous materials in tank trucks.
• Waste Management Companies: Firms involved in the collection and transport of waste using garbage trucks or similar vehicles.

A commercial trucking policy generally does not cover personal use. These policies specifically cover trucks used for business-related activities, such as transporting goods or equipment for your company.

If you use a commercial truck for personal activities, like running personal errands or using the truck during off-hours for non-business purposes, you may need a separate personal auto insurance policy or a special endorsement on your commercial auto policy to ensure coverage. Without this, any incidents during personal use may not be covered, leaving you financially liable.

We have risk services experts who conduct mock Department of Transportation (DOT) and Occupational Safety and Health Administration (OSHA) audits, work with you to reduce your fleet’s Behavior Analysis and Safety Improvement Categories (BASIC) scores, advise on emergency response plans and more. We also provide Claims Advocates that support our clients' claim review and claim analysis process.

Underwriters require a transportation-specific application, International Fuel Tax Agreement (IFTA) statements, equipment lists, driver roster, most recent three to five years of valued loss runs, financials (if requesting deductible, SIR or captive options), and information on your safety program and culture. Our transportation specialists work with you to communicate your story to our underwriters.

An auto package policy or a separate freight broker liability insurance policy can cover brokerage operations. Our transportation specialists work with you to ensure your assets are well protected.

The MCS-90 is an endorsement of a commercial auto liability policy that provides proof a motor carrier has met the financial requirements of the Federal Motor Carrier Safety Administration (FMCSA).