Trucking Insurance in Elizabeth, NJ
Commercial truck insurance helps provide crucial financial protection for your trucking operation. Contact Upix Agency today to get personalized quotes for trucking insurance from the best commercial truck insurance companies.
What Is Trucking Insurance?
Trucking insurance is a group of policies and endorsements tailored to provide appropriate protection against the risks and liabilities faced by your business.
Talk with your agent to understand how various types of specialty trucking insurance can help provide appropriate protection for your organization.
The agents at Upix Agency can help you get coverage for any operation type, including:
- Flatbed hauling
- Livestock hauling
- Hazmat hauling
- Auto hauling
- Refrigerated trucking
- Hot shot trucking
- Less-than-truckload (LTL)
- Intermodal trucking
- New venture
Do You Need Trucking Insurance?
Commercial trucking companies, owner-operators and businesses that haul goods using semi-tractors must carry insurance coverage to help cover their liability for third-party injury and property damage. Vehicles with a New Jersey Department of Transportation (DOT) serial number have specific commercial auto liability coverage requirements, which may vary depending on the vehicle’s weight.
Depending on your needs, you may also want coverage to help protect your company’s trucks and trailers. Other policies, such as general liability insurance, can help protect your company’s future financial stability.
What Does Trucking Insurance Cover?
Your commercial truck insurance policy can help provide coverage for nearly any risk, so it’s crucial to customize your coverage with help from your agent.
When tailoring your trucking insurance coverage, your agent may recommend that you start by including mandatory policies, including:
- Commercial auto liability insurance helps pay for third-party claims of property damage and bodily injury.
- Public liability insurance helps provide payment assistance if a third party sustains property damage or bodily injuries no matter where the accident happens. Trucking companies must show proof of public liability insurance to gain Authority to Operate.
- Personal injury protection (PIP) helps pay medical costs for the tractor-trailer driver and passengers after a covered accident.
Your agent may recommend that you also add the following commercial trucking insurance policies:
- Comprehensive insurance may help pay for non-collision-related damage to your covered tractor-trailer.
- Collision insurance may help pay for damages to a tractor-trailer after it hits another vehicle or object.
- Uninsured/underinsured motorist insurance helps pay to replace or repair a tractor-trailer if the person liable for the damages doesn’t have enough liability insurance coverage or is uninsured.
- Motor truck cargo insurance helps cover accidental loss of or damage to cargo.
- Non-trucking insurance helps provide coverage when the truck is used for non-business purposes.
- Bobtail insurance helps provide coverage when no trailer is attached to the tractor.
- Non-owned trailer insurance helps trucking companies cover damages when a trailer in its control is damaged but is not owned by the company. This coverage requires a trailer interchange agreement.
If you finance or lease tractors, your lienholder requires full coverage insurance, which may include comprehensive and collision coverage.
How to Purchase Commercial Truck Insurance
Getting multiple trucking insurance quotes is crucial to ensure the best possible combination of coverage and price. Contact Upix Agency in Elizabeth, New Jersey, to build a trucking insurance plan tailored to your company’s needs.