Are you a truck operator looking to get a quote on primary liability insurance? We can help by connecting you with three commercial truck insurance agents.
Primary Liability Insurance for a Commercial Truck Insurance Policy
Liability insurance is a mandatory for all commercial trucks. It will pay for bodily injury and property damages that your truck may cause to other people or property. Driving without any liability insurance can and will result in large fines and penalties. Never drive your truck without liability insurance.
Liability Requirements for Trucks
The minimum amount of primary liability insurance is set by the FMSCA. For trucks over 10,000 pounds GVWR you’ll need to the following minimums:
$750,000– Most trucks hauling most commodities are required to have a minimum of $750,000 of coverage. Many load brokers will require a minimum of $1,000,000.
$1,000,000– Auto haulers need a minimum of $1,000,000 in coverage. One million in coverage is becoming an industry standard across other hauled commodities too.
$5,000,000– If you are hauling certain hazardous materials, you’ll need a minimum of $5,000,000 in coverage.
What’s Excluded?
Primary liability insurance isn’t designed to cover you or your truck. It doesn’t cover theft, your bodily injury, or damage to your truck. It’s simply there to cover the damage you might do to other people or property.
Primary Liability is often confused with General Liability Insurance. There is a big difference. General Liability covers you for accidents that happen off the road. An example something general liability would cover would be be someone who slips and falls at your headquarters Primary liability insurance won’t cover you for that. It covers you while you are on the road.
Cost of Primary Liability Insurance
This is usually the most expensive part of a commercial truck insurance policy. It definitely pays to shop around and find the truck insurance companies offering the most competitive prices for this coverage.