WHAT IS GENERAL LIABILITY?
Whether you are a large truck company or an O/O, GL insurance is a good idea. General liability insurance can cover risks to your business outside of operating your truck. Some of the exposures GL insurance can guard you against are:
WHAT IS AUTO LIABILITY?
This trucking liability insurance coverage provides protection against your legal liability for injury and/or property damage caused by your negligence, your employees or contract drivers in the use of your insured vehicles. Owner Operators and Motor Carriers that operate under their own authority are usually required by law to carry primary liability coverage on all owned power units and leased vehicles.
Personal Injury Protection (PIP) Coverage: This is the basic coverage that is implemented in no-fault insurance states. PIP is the coverage in which the insurance company pays, within specified limits, the medical, hospital and funeral expenses of the injured person, people in the insured vehicle and pedestrians struck by the insured vehicle. Depending on the state, PIP might also cover additional expenses like lost wages.
Bodily Injury Liability Coverage (BI): If you, your employees or contract drivers are responsible for causing an accident, Bodily Injury Liability coverage pays for injuries/death to people involved in the accident. BI Coverage also pays for legal defense if you are sued.
Auto Liability Trucker Liability Compliance
Federal Filing 91X is required by the Federal Transportation Safety Administration and includes the following:
Typically, we write non-fleet Auto Liability on a schedule basis. For fleets, we write auto liability on mileage, revenue, or unit reporter.
Auto Liability Exclusions to be aware of:
–Care Custody Control
–Movement of property by Mechanical Device
–Handling of Property
–Expected or Intended Injury
–Employees Indemnification & Employer’s Liability
Delivering your load to the wrong place
A client slipping and falling in your office
One of your drivers going berserk at a truck stop
Slandering a load broker that later sues you
It makes sense to cover your risks whether they are on the road of off the road.
Most GL policies for truckers start at a policy limit of $300,000.
The most common limits, however, are $1,000,000 per occurrence with a $2,000,000 aggregate.
Higher limits can be obtained if needed. Also, if you are hauling certain hazardous materials, you may want to add a pollution endorsement.
When you talk to your agent, make sure you are adequately covered for your unique risks.