Trucking Insurance

Commercial trucking companies based in New York must purchase liability insurance to comply with state and federal laws. Depending on details about your company, you may also need coverage to help protect your tractor, trailer and cargo.  

Contact Affiliated Agency in Plainview, New York, to learn more about your commercial truck insurance options.  

What Is Commercial Truck Insurance? 
Commercial truck insurance may help provide crucial protection after a covered accident or incident that could otherwise cause severe financial strain for your trucking operation.  

How Does Commercial Truck Insurance Work? 
Truck insurance is a contract between your company and an insurance company. The insurer agrees to provide financial compensation according to the terms of your policy for covered events in exchange for regular premium payments.  

Your agent can help you understand your coverage options and walk you through the claims process if necessary.  

What Does Commercial Truck Insurance Cover? 
The Federal Motor Carrier Safety Association (FMCSA) requires trucking operations to purchase public liability insurance, which may help cover your legal liability for third-party losses after an at-fault accident.  

New York requires all trucking companies based here to purchase minimum amounts of commercial liability coverage, which provides two types of coverage, including: 

• Bodily injury liability—This coverage may help pay for third-party injury-related damages after an accident or incident. 
• Property damage liability—This coverage may help pay for third-party property damage after an accident or incident.  

Depending on your company’s risks and exposures, your agent may recommend that you purchase more commercial auto liability coverage than the state requires.  

New York also requires trucking companies to carry the following coverages:  

• Personal injury protection (PIP)—This coverage may help pay for medical costs, death benefits and economic losses for you, your passengers or a pedestrian hit by your truck, up to the policy’s limits after an accident, no matter who was at fault. 
• Uninsured motorists coverage—This policy may help pay accident-related medical bills for you and your passengers if you are in an accident with an uninsured driver or are in a hit-and-run accident.  

None of New York’s required coverages help pay for damage to your truck, equipment, trailer or cargo, so your agent may recommend purchasing the following: 

• Collision coverage may help pay to repair or replace the tractor if it sustains damage in an accident by colliding with an object or vehicle or by overturning.
• Comprehensive coverage may help pay to repair or replace the tractor in the event of theft, vandalism or weather damage.
• Non-trucking insurance may help provide coverage for the owner/operator when the truck is being used for non-business purposes.
• Bobtail insurance may help provide bodily injury or property damage coverage for times between loads when the driver is driving the truck without hauling a trailer or other type of load. 
• Trailer interchange coverage may help cover liabilities caused by or to a non-owned trailer if both parties have signed a trailer interchange agreement.
• Non-owned trailer insurance may help trucking companies pay for damages when a non-owned trailer in your control is damaged and a trailer interchange agreement is in place. This truck insurance coverage works whether or not the trailer is connected to the truck at the time of the incident.
• Motor truck cargo insurance may help cover accidental damage or loss of cargo for trucking companies or truck drivers responsible for hauling goods. 

How to Get Commercial Truck Insurance 
Contact Affiliated Agency today to get appropriate commercial truck insurance for your New York trucking company.