Truck Insurance

Your truck insurance policy is only as good as the company behind it. That is why we place a high emphasis on what you need as an Owner/Operator. Here we consider and cover physical damages, liability and types of cargo.

As an Owner/Operator, your truck insurance involves many factors. Cost, limits, deductibles, operation status and terms are a few things to consider when deciding on what type of insurance to procure. Our goal is to figure out how the best method to lower your rates of insurance while still maintaining maximum benefits in case of damages or liabilities.

Whether you have a permanent lease with a motor carrier or if you have your own authority, the cost of insurance depends on a range of factors.

These can include:

– Cost of your truck

– Types of cargo/goods being transported

– Driver’s age and experience

– Transportation routes and distance

– Credit history

– Payment plans: Yearly, quarterly, or monthly depending on your policy period

Physical damage coverage includes both collision and comprehensive insurance. Cargo insurance can vary depending on the types of goods/cargo being transported but you also might want to consider Bobtail insurance for damages incurred while not hauling any cargo and on your personal business. Liability insurance has many considerations.

Truck Insurance coverages

  • Trailer Interchange Coverage
  • This is required when you are hauling someone else's trailer full of goods but the trailer owner does not have insurance to cover the cost of goods being transported.

  • Hazmat Coverage
  • Necessary if you are hauling hazardous materials that can be considered explosive, flammable, poisonous or otherwise potentially dangerous cargo. These can include corrosive materials, explosives, flammable and combustible liquids, flammable solids, gases, oxidizers and organic peroxides, poisons, and radioactive materials.

  • Livestock Cargo Coverage
  • Useful when hauling live animals, in the event of an accident that causes injury, death or escape. A good insurance plan for your business will have several provisions covered. For you to operate and be successful you must understand what is covered, what is not and the type of payment plan that is best for your business. NASTC Insurance has several customizable plans to meet your needs.

  • Uninsured/Underinsured Motorist
  • This is usually the least expensive coverage as it covers damages to you when an accident occurs where the fault lies with another individual or company who is not insured enough to cover your expenses.

  • Umbrella Coverage
  • Used to cover any gaps that you may have in your policy.