Operating commercial trucks comes with substantial risks, ranging from cargo theft to pile-up accidents. Commercial trucking insurance may help Massachusetts businesses in this industry protect themselves from many of the potential risks that they’re exposed to.
Commercial trucking insurance is specialized auto insurance for commercially registered trucks. Trucking policies tend to have higher limits and more coverage than other auto policies.
Most Massachusetts businesses that operate trucks need commercial truck insurance. This often includes not only freight companies but also bakeries, contractors, waste management services, and others.
Freight companies that commonly need this insurance encompass everything from cross-country drivers to last-mile deliverers. Movers, specialty freight services, and businesses that have internal freight management departments also usually need commercial truck policies.
Any non-freight business that has a truck might also need a policy. Bakeries that make deliveries and restaurants that have food trucks may need policies, for example. So too may contractors that move equipment between projects, heavy equipment distributors, and others.
Any business that is unsure whether commercial truck insurance or another form of auto insurance is better for their vehicles can talk with a knowledgeable insurance agent. Someone who specializes in these policies can help.
Commercial truck insurance policies typically make a variety of coverages available, which is how the policies usually can offer protection against accidents, vehicle damage, loss of cargo and more risks. Some of the more commonly offered coverages are:
Interchange coverage is also known as unidentified trailer coverage.
Commercial trucking policies offer coverage for a wide array of different cargos. Gravel companies can usually find a policy that protects low-value goods, such as rocks and dirt. Freight companies normally have no problem finding policies that cover higher-value, and even expensive, shipments.
Additionally, coverage for hazardous materials and other specialized loads is also often readily available. An experienced agent can assist with finding trailer cargo coverage for loads like these.
Insurance companies look at many different factors when calculating premiums for commercial trucking policies. A business’s location, types of trucks, classes of cargo, annual mileage, and fleet size frequently all have an impact on premiums. So can drivers' experience and records, and the business’s past claims history.
If you need help insuring trucks that are commercially registered in Massachusetts, contact the independent insurance agents at Garrity Insurance. Our agents are well-versed in commercial trucking insurance and have the expertise necessary to get you the type of policy that your trucks need. We can show you quotes for several policies since we’re an independent agency.