You spend a lot of money on your trucking business, so you want to be sure it's protected. After all, your truck is your livelihood - that's why motor carrier insurance designed specifically for for-hire truckers is so important. Choosing the right motor carrier coverage is the best way to protect your investment and your business.
Truck insurance from Progressive will not only protect your business and provide the coverage you need, it offers you some of the best rates in the industry, 24x7 policy assistance, and superior claims service, too.
For-hire truck insurance recommendations
Many motor carriers use permanently leased independent contractors. If you are one of these for-hire owner-operators, you may receive Primary Liability insurance under your Motor Carrier’s authority. However, you may still need to purchase “Contingent” or Non-Trucking Liability insurance, as well as Physical Damage coverage for your vehicle. There are many for-hire truck insurance options. Read below to learn more about the types of motor carrier insurance coverages you or your contractors may need.
Mandatory motor carrier truck insurance coverages
Liability insurance is a mandatory motor carrier insurance coverage that pays for damages you cause to other people and their property. Liability insurance coverages for motor carriers includes Bodily Injury insurance and Property Damage coverage.
Optional motor carrier insurance coverages
To make sure you have the best protection for your truck when you’re on the road, you should also consider purchasing some of the optional motor carrier insurance coverages:
- Physical Damage coverage – Can pay for repairs to your truck if it's damaged in an accident, whether it's caused by a collision with another vehicle or a falling tree branch and can include Collision insurance, Comprehensive insurance, or Fire and Theft with Combined Additional Coverages.
- Medical Payments insurance – Available in select states, this first party coverage can pay medical bills for you and any passengers in your truck in case they are hurt in an accident or auto-related injury.
- Uninsured Motorist insurance – Can pay for injuries and damages to you or your passengers and your vehicle, where available, caused by drivers who either don't have insurance or don't have enough insurance to cover your injuries and damages.
- Motor Truck Cargo insurance – Can pay for damages to cargo you're hauling.
Motor carrier coverage limitations
Progressive’s motor carrier insurance has a radius of operation restriction of up to 500 miles on policies with liability coverage, depending on your state. This restriction helps us provide superior motor carrier coverage products and services for regional and local trucking businesses. Keep in mind that we calculate our radius of operations as the crow flies instead of in road miles, so 500 miles can actually cover a fairly large area.
This restriction does not apply to Physical Damage and Non-Trucking Liability coverage.
State and federal motor carrier insurance filings
To operate under your own authority, motor carriers must often meet various financial responsibility regulations based on the weight of vehicles operated and commodities hauled.
Progressive makes it easy to obtain motor carrier filings for your required levels of financial responsibility. From the SSRS Form E to MCS-90 filing, Progressive can help. Once you obtain your motor carrier authority, we'll take care of the rest. We'll even file all of the paperwork for you.