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If you are looking for truck insurance for your business vehicle from a local insurance agency near you that can help you find the best rates and coverage, than read on to see if we can help.  Dealing with a local agency that you can sit face to face, if you so choose, can be very helpful when you are dealing the complications of commercial auto insurance.  Commercial trucks can include any of the following types of businesses:

  • Dump Truck Insurance
  • General Freight Hauler Insurance
  • Auto Hauler Insurance
  • Contractor Insurance
  • Public Transportation Insurance
  • Tow Truck Insurance
  • Non-Emergency Medical Insurance

If you own a business similar to one of the ones listed above, then you will likely have either a Federal or State of NC requirement to be able to acquire and keep a commercial tag.  Even if you don’t have those requirements, then you may have requirements from a contract that requires the same or higher limits as those required by the Federal Motor Carrier Safety Administration (FMCSA) or the state of NC.

What Types of Coverage Do you Need?

This question will vary depending on your business type, the requirements of the State of NC and Federal Government.

  • Liability Limits: You will have some limit of liability required, depending on several factors.  These limits can range from $30,000/60,000/25,000 up to $5,000,000 combined single limits.  The amount of coverage required can depend on your vehicle, radius, what you are hauling, gross vehicle weight, and if you are crossing state lines to name a few.
  • Cargo Liability: This covers the commodity that you are hauling and can vary a great degree depending on the contract requirements and the Federal or State of NC requirements.
  • Physical Damage: This covers the value of the vehicle you are driving, and the coverage required will depend either on your comfort with losing the value of your vehicle in the event of a loss or the bank requirements of the bank you are financing the vehicle through.
  • On Hook:  This covers the vehicle you are hauling in towing insurance risks.  The value of the coverage chosen should be minimally, the highest value of the vehicle you would ever tow.
  • General Liabilty: This covers your negligence outside of hitting someone with your vehicle or damage to the items you are hauling.
  • Umbrella: An umbrella or excess liability policy will cover above and beyond where your underlying policy limits leave off.  You want this policy in place to protect yourself further or to satisfy a contract..
  • Workers Compensation:  This covers your legal liability for your employees or subcontractors and may even be required by a contract even if you don’t have employees.
Commercial truck insurance takes on a whole new level of responsibility than your personal auto insurance.  You may want to consider consulting an agent that is near you, to help you with local State of NC laws and help you determine what coverage will best suit you for these requirements.  Outside of government responsibilities, you will likely encounter contract requirements that a veteran agent and agency can help you navigate.  You will also want an independent agency that can help you get quotes from multiple carriers.  Please contact us at 704-494-9495 if you have any questions or would like a shopped quote from the top insurance companies in your industry.