Commercial Auto

Insurance for business vehicles and equipment

What’s driving your business forward? If you operate a vehicle for your business you’ll need to protect your equipment/vehicles, passengers and third parties in the case of bodily injury or property damage. With the rising costs of verdicts awarded to injured parties, an accident could be the most devastating event that can to occur to your business. 

Several types of coverage may be included in your commercial auto policy; others are options that you can purchase separately. Typical coverage and enhancements include:

General Liability

Covers third party bodily injury, property damages and defense costs

Commercial General Liability insurance covers risks that affect almost every business, no matter what your industry. It is the most common insurance for a businesses and it’s typically the first policy purchased by new businesses. At the core, General Liability protects your business against third party bodily injury, property damage and defense costs. Here are the main components of the policy:

Commercial General Liability insurance
Commercial Property Insurance Policies

Property Insurance

Protection for your physical assets

Commercial Property is an insurance coverage for businesses and other organizations that insures against damage to your buildings and contents due to a covered cause of loss, such as a fire. The policy may also cover loss of income or increase in expenses that results from the property damage.

The commercial property policy covers items such as:

Motor Truck Cargo

Covers losses or damage to the commodities while they are being transported
Motor Truck Cargo, more commonly referred to as “Cargo” insurance, provides coverage against the risks of direct physical damage or theft to covered property (the load) while in transit and often during loading or unloading. Motor carriers are legally liable for the cargo they control while it is in their possession. When purchasing cargo insurance, it is important to understand your limits and coverage. A loss can be devastating to your operation not to mention it can damage your relationship with your shipper. Policies are designed with exclusions so it is important to know what is and is not covered on your policy. Additionally it is important to pick a limit that adequately covers the value of your loads and has a reasonable deductible that will not put you out of business in the event of a claim. Cargo coverage is an essential product for trucking and delivery operations. From fire damage to stolen goods to a refrigeration failure, motor carriers need to be protected from all of your most common perils of the road.
Motor Truck Cargo, more commonly referred to as “Cargo” insurance
Trailer Interchange insurance to protect you while you’re in possession of a container or trailer that’s owned by another party.

Trailer Interchange

Physical damage coverage to trailers that are hauled under a trailer-interchange agreement
If you have a trailer interchange agreement, you need Trailer Interchange insurance to protect you while you’re in possession of a container or trailer that’s owned by another party. A trailer interchange agreement is a contract that arranges to transfer a trailer from one trucker to another in order to complete a shipment. Typically, the trucker in possession of the trailer is responsible for paying any damages that are incurred while you have the trailer. Trailer Interchange is not to be confused with Non-Owned Trailer coverage which a different coverage that covers trailers in the absence of a trailer interchange agreement. It only covers trailers while they are attached to a covered power unit and will cover the damages up to a specified amount. Not sure which coverage you need?

Warehouse Legal Liability

Coverage for the Property of Others in your possession
If you own a warehouse and store goods you can face increased legal liability when it comes to the storage and handling of customer goods. Warehouse legal liability protects a business that is entrusted with the property of another, for direct physical loss or damage of property that happens during storage, cross-docking, packaging, labeling or other services. Not sure if you need this coverage?
Warehouse legal liability
Coverage For Owner-Operators Leased To A Motor Carrier

Non-Trucking Liability and Physical Damage

Coverage for owner-operators leased to a motor carrier
If you’re under lease to a motor carrier that provides your primary liability coverage, you may need Non-Trucking Liability (NTL) coverage while using your truck for a non-business purposes. Most likely you also need physical damage coverage which protects your equipment for direct physical loss during business and non-business events. NTL covers you for bodily injury and property damage to a third party, which most commonly occurs because of an accident. NTL is often incorrectly referred to as “bobtail” insurance – however they are not exactly the same. NTL only kicks in during non-business related duties such as when you use your vehicle like going to the store, traveling on vacation, picking up your kids or visiting friends. NTL does not apply when you’re pulling a load or performing work-related tasks including the drive to pick up a load. Not sure if you need NTL? Most motor carriers that you lease to will have a list insurance requirements that you will need to take care of before they will allow you to haul for them. Still not sure – give us a call!

Employment Practices Liability

Protect your business in case of an employee lawsuit

Employment Practices Liability Insurance (EPLI) is a type of liability insurance covering wrongful acts arising from employment. The most common types of claims covered include wrongful termination, discrimination, sexual harassment, and retaliation. In addition, the policies may cover claims from a variety of other types of inappropriate workplace conduct including employment-related defamation, wrongful discipline, invasion of privacy, and failure to promote.

The costs associated with EPLI claims can potentially put you out of business and these costs are on the rise. A business owner doesn’t have to be in the wrong to be sued. The right insurance to cover defense costs and damages related to various employment-related claims can be critically important to help protect your business.

Employment Practices Liability Insurance (EPLI)
Occupational Accident coverage (commonly referred to as ‘Occ/Acc’)

Occupational Accident

Benefits for leased owner-operators injured in a job-related accident
Owner-operators are generally not covered by workers’ compensation. Occupational Accident coverage (commonly referred to as ‘Occ/Acc’) covers an independent contractor or leased driver for an injury suffered when they are performing duties under a lease-contract with a motor carrier as a driver and under dispatch of the motor carrier. Occ/Acc provides benefits for accidental death, dismemberment, disability and medical expenses. Occ/Acc can be purchased by an individual driver or it can be purchased by the primary motor carrier as a group policy. As a driver it is important for you to know if the motor carrier you are leasing to provides coverage. If not, you should seriously consider securing your own policy. In the event of an accident, an OccAcc policy will help protect you and your family in the case that you cannot return to work due to a work related injury. The policy will help pay for your bills until you are back behind the wheel and able to make an income. Protect yourself and your family.

Workers' Compensation

Benefits for employees injured on the job

The Workers’ Compensation system was established to provide loss of income, medical care, and rehabilitation to employees for illness, injury, or death arising out of, and in the course of, their employment whether or not the employee was at fault.

Workers’ comp insurance is so beneficial to both employees and employers that it’s required by law in most states. Even if you have one single employee, you may be required to carry this essential business insurance coverage. Whether it’s required for your business or not, carrying workers’ comp insurance is a good strategy for your business. There’s no better way to share your appreciation for your employees than to have their back in the event that something causes them harm while they perform their job.

Workers' Compensation Insurance - Benefits For Employees Injured On The Job