Motor Carrier Insurance for For-Hire Trucking

Making sure you have the right motor carrier coverage for for-hire truckers is the best way to protect your investment, your income, and your business.

Our carrier partners are the best in the business, we have the ability to offer you personalize service, the best rates in the industry, and expert claims services.

For-Hire Truck Insurance

Are you a for-hire owner-operator (leased independent contractor)? If so, you may receive Primary Liability insurance under your Motor Carrier’s authority.

However, you may still need “Contingent” or Non-Trucking Liability insurance, liability insurance covering you when you are driving your truck for non-work-related events. Physical Damage coverage for your vehicle is also recommended.

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 include Bodily Injury insurance and Property Damage coverage.

  • Bodily Injury Liability insurance is required in order to obtain many filings.
  • Liability limits vary by state. However, if the radius of operation is 300 miles or more, requirements are Minimum Bodily Injury Liability limits of $25,000/$50,000 or a $50,000 combined single limit is required.

Optional Motor Carrier Insurance Coverages

You should consider customizing your coverage to include the following optional motor carrier insurance coverages to make sure you have the best protection when you’re on the road:

 

  • Physical Damage Coverage
    Pays for repairs to your truck if it’s damaged in an accident, whether it’s caused by a collision with another vehicle or an object and can include Collision insurance, Comprehensive insurance, or Fire and Theft with Combined Additional Coverages.
  • Medical Payments Insurance
    Available in select states, pays medical bills for you and any passengers in your truck in case they are hurt in an accident or auto-related injury.
  • Uninsured/Underinsured Motorist Insurance
    Available in select states, pays for injuries and damages to you or your passengers and your vehicle 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 
    Pays for damages to cargo you’re hauling.

State and Federal Motor Carrier Insurance Filings​

Motor carriers often must meet various financial responsibility regulations based on the weight of vehicles operated and commodities hauled. Our carrier partners provide services that make it easy to obtain motor carrier filings for your required levels of financial responsibility (e.g., the SSRS Form E and MCS-90 filing).