What Does Commercial Truck Insurance Cover?

Commercial truck insurance is a specialized form of business insurance designed to provide protection for truck operators and trucking companies. The stakes are high when it comes to commercial trucks, given their size, the distances they travel and the valuable cargo they often carry. 


At Johl & Company, based in Westwood, New Jersey, we understand that trucking businesses have specialized insurance needs. Our agents are here to help you get appropriate coverage. 


Understanding Commercial Truck Insurance 


Commercial truck insurance is not a single policy. It’s often a bundle of different coverage types aimed at protecting various aspects of your trucking operation. Your agent can help you tailor your trucking insurance coverage to meet the unique needs of your organization.  


Liability insurance is essential for a commercial trucking business. If you or your drivers are at fault in an accident, liability insurance may help cover the costs associated with third-party injuries and property damage. 


Personal injury protection (PIP) may help pay accident-related medical expenses for your driver and their passengers up to the policy’s limit. 


New Jersey trucking operations must maintain minimum commercial auto liability insurance and personal injury protection. Your business may also be subject to federal insurance regulations that require liability coverage. 


Physical damage insurance typically includes collision and comprehensive insurance. If your truck is in an accident, these policies may help repair or replace it, regardless of who caused the accident. 


Cargo insurance may help provide financial protection against the loss or theft of transported goods. Whether it’s food items, machinery or hazardous materials, different policies can be tailored to cover specific types of cargo. 


Uninsured/underinsured motorist coverage may help cover damage to your truck and your driver’s injuries after a covered accident or incident if the other driver has inadequate coverage or is uninsured. 


Your agent may recommend various other policies and endorsements, including trailer interchange insurance, bobtail insurance or environmental liability coverage. 


Who Needs Commercial Trucking Insurance? 


Any business that uses semis to facilitate operations must adhere to state and federal insurance regulations.  


Trucking insurance can be complex, and it’s essential to maintain appropriate coverage. Your agent can help determine which insurance rules apply to your trucking operation. 


Contact Us 


Understanding what commercial truck insurance covers is the first step in protecting your business assets, employees and future. Contact Johl & Company today to discuss your options and tailor an insurance package as robust as your commercial trucks. 


This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.