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California New Trucking Business | Commercial Insurance
Examples of Coverage for CA New Trucking Business | Commercial Auto Insurance:
Primary Liability Insurance
- Purpose: Covers bodily injury and property damage to third parties resulting from accidents caused by the trucking operations.
- Minimum Requirements: California mandates minimum liability coverage limits, which can vary based on the type of cargo being hauled. For example:
- $750,000 for general freight.
- $1,000,000 for oil transport.
- $5,000,000 for hazardous materials.
- Application: Essential for compliance with both California and federal regulations (FMCSA).
Physical Damage Coverage
- Comprehensive Coverage: Covers non-collision-related damage such as theft, fire, vandalism, and weather-related incidents.
- Collision Coverage: Covers damage to the truck from accidents or collisions with other vehicles or objects.
- Application: Protects the value of the trucking company’s assets, including the trucks and trailers.
More Examples of Coverage for CA New Trucking Business | Commercial Auto Insurance:
Uninsured/Underinsured Motorist Coverage
- Purpose: Provides protection when an accident is caused by another driver who is either uninsured or does not have sufficient insurance.
- Requirement: California requires this coverage to be offered, and it’s often included in commercial auto policies to protect against uninsured drivers.
Medical Payments Coverage
- Purpose: Covers medical expenses for the driver and passengers resulting from an accident, regardless of who is at fault.
- Application: Provides immediate coverage for medical costs without waiting for fault to be determined.
- Get a specialized California Insurance Broker for your new trucking business insurance. Call 844-978-7283
Trucking Insurance Coverage
Bobtail Insurance
Inland Marine | Cargo
Inland Marine | Cargo
Non-Trucking Liability (Bobtail Insurance)
- Coverage: Covers the truck when it is being operated without a trailer or not under dispatch.
- Examples: Accidents while the truck is returning home after a delivery
Inland Marine | Cargo
Inland Marine | Cargo
Inland Marine | Cargo
Inland Marine and Motor Truck Cargo Insurance
- Coverage: Protects against the loss or damage of the cargo being transported.
- Examples: Theft of goods in transit, damage to cargo from an accident.
Trailer Interchange
Inland Marine | Cargo
Trailer Interchange
Trailer Interchange Insurance
- Coverage: Covers physical damage to a trailer not owned by the trucker but in their possession under a trailer interchange agreement.
- Examples: Damage to a rented trailer used to complete a delivery.
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