Different Types of Commercial Auto Insurance

Companies operating in Pensacola, Florida that use company vehicles are generally obligated to obtain commercial auto insurance policies in adherence to the regulations set by the Federal Motor Carrier Safety Association (FMCSA) and the state. Depending on the trucks utilized by your company, you may need to secure public liability coverage in addition to commercial auto insurance. Connect with the agents at Advance Insurance of Northwest Florida today to acquire a commercial auto insurance policy tailored to your organization's specific requirements.

Understanding Commercial Auto Liability Coverage

Transportation companies, towing companies, and businesses employing trucks in Arizona are required to carry specific types and levels of liability insurance. Consult with your agent to determine the liability insurance necessary for your company.

• Public liability insurance provides financial assistance for losses incurred by third parties in accidents where a truck driver is at fault. The nature of the freight being transported may influence the public liability insurance requirements.

• Commercial auto liability insurance helps cover third-party property damage and injuries resulting from an at-fault accident.

Based on your circumstances, your agent might suggest obtaining an umbrella insurance policy to provide supplementary liability coverage. Umbrella insurance becomes effective when a liability claim exceeds the limits of your company's other liability policies.

Insurance Policies Safeguarding Company Property

Your agent may recommend adding the following coverage to your business’s policy to help financially cover company property repairs or replacements following an accident:

• Comprehensive insurance helps cover damages resulting from non-collision incidents, such as vandalism, weather events, or fire.

• Collision insurance helps pay for damage to your company's property in the event of an at-fault accident where your driver collides with an object or another vehicle using your company's truck.

• Uninsured/underinsured motorist insurance helps cover the replacement or repair costs of a tractor-trailer if the responsible party is uninsured or lacks adequate liability insurance coverage.

• Trailer interchange insurance assists in covering damages that occur during the process of switching trailers to complete a delivery, regardless of whether the trailer is connected to the truck at the time of the incident, provided there is a trailer interchange agreement in place.

• Non-owned trailer insurance may provide coverage when damage occurs while a trailer is attached to the power unit, without requiring a trailer interchange agreement.

• Motor truck cargo insurance helps cover accidental damage or loss of cargo.

Secure Commercial Auto Insurance for Your Trucking Company

Contact Advance Insurance of Northwest Florida in Pensacola, Florida, to obtain a commercial auto policy that aligns with your company's needs and FMCSA.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.