Flatbed Truck Insurance

What is flatbed truck insurance?

Commercial flatbed truck insurance is a customized policy that can protect your drivers, your vehicle, and your cargo from accidents and damage. Whether your business uses heavy flatbed trucks to haul oversized machinery or small flatbeds for delivering construction materials, you should consider getting coverage from Progressive Commercial.

As the #1 truck insurer in America^Δ, Progressive Commercial provides flexible coverage options, expert support, and a robust heavy truck claims service. For over 50 years, we've grown with the trucking industry, helping drivers stay prepared and protected for the miles ahead.

What type of flatbed insurance do you need?

Every flatbed trucker needs an insurance policy that protects other people and their belongings in the event of an accident. Depending on your work agreements and personal preferences, you might also want protection for you, your passengers, and your property.

Specialized commercial truck insurance from Progressive Commercial can provide the coverage you need for flatbed trucking's unique risks, including:

Vehicle liability

Flatbed hauling can involve added risk because of how loads are shaped and secured. Vehicle liability covers you if you're at fault for an accident that causes bodily injury or property damage to third parties. It can help with medical costs and damage to other people's vehicles or other property.

Keep in mind that the Federal Motor Carrier Safety Administration (FMCSA) sets minimum liability insurance requirements for trucks operating on public roadways.

Uninsured/underinsured motorist coverage

Uninsured/underinsured motorist coverage can help if another driver damages your flatbed or injures you but doesn't have enough liability insurance to cover your repair and medical costs. Because flatbeds can be expensive to fix or replace, you need to be prepared to protect your business.

Collision insurance

Collision insurance pays to repair or replace your truck if you're involved in an accident, even if you're at fault. Many lenders require collision coverage if you lease or finance your flatbed truck.

Comprehensive insurance

Comprehensive coverage protects your flatbed if it gets stolen, vandalized, or has some other damage. If you lease or finance the vehicle, you may be required to carry comprehensive insurance.

Additional flatbed truck insurance to consider

Heavy flatbed trucks are often more prone to accidents than other types of commercial vehicles due to their oversized, irregularly shaped cargo. Unlike box trucks, flatbed loads are exposed to the elements, requiring drivers to securely tie down their freight.

Flatbed cargo insurance

Cargo Insurance can provide protection if goods get damaged during transit. It also covers debris removal if an incident causes cargo to spill or fall off the truck.

Heavy truck roadside assistance

Don't let a breakdown slow you down. Roadside assistance for commercial trucks can provide towing and other emergency services, like battery jumpstarts and winching, 24/7.

Rental reimbursement with downtime

Rental reimbursement covers you if your flatbed truck is out of service due to an accident or breakdown. You can get reimbursed for the cost to rent another truck or loss of income if you can't find a suitable replacement while you wait for your truck to be repaired.

Non-trucking liability insurance

Non-trucking liability provides gap coverage for times when you need to use the truck for personal reasons. This coverage gives you liability protection when you're off the clock.

Business insurance for flatbed trucking companies

Your trucks are an essential part of your overall business. You need other types of insurance that can help protect your operations. The following are common coverages that expand protection to your loading dock, employees, and other property:

• General liability (GL): Unlike vehicle liability, GL is not required by law, but it protects you in case of injuries or damages you cause to others in accidents not related to driving the truck, like loading or unloading cargo. You can get standalone general liability insurance or add truckers general liability to your commercial auto policy.
• Workers' comp: If you have employees, state law requires workers' comp coverage for on-the-job injuries and illnesses.
• Business owners policy (BOP): Small businesses can benefit from the ease of a BOP, which combines liability protection with commercial property coverage, which covers movable property like tools and equipment.

Get a quote for commercial truck insurance today. Our team of experts will help you customize a policy that's right for your business needs.

How much does flatbed truck insurance cost?

The cost to insure your flatbed truck depends on things like the type of flatbed you operate, how many trucks you have, and what you haul. The coverages and limits you choose can also impact your policy cost. For instance, you can expect to pay more if you need heavy haul flatbed insurance or additional coverages like cargo insurance.

Factors affecting the cost of flatbed insurance

In addition to coverage requirements, other parts of your operation can affect your premium, such as:

Can you get discounts on flatbed truck insurance?

You can get affordable flatbed truck insurance and save on your policy with discounts or incentives. You might qualify for a reduced rate if you have a clean driving record, pay your policy in full, or equip your truck with safety features like anti-lock brakes and airbags.

Progressive Commercial offers auto insurance discounts and usage-based programs like Smart Haul®, which lets you save by sharing your driving data. Connect with a truck insurance expert or start an online quote to learn more about how to lower your premium.