Commercial trucking and commercial vehicle insurance differ due to the activities of the policy-holding companies and the vehicles driven. Commercial trucking policies focus on companies that haul goods and fall under Federal Motor Carrier Safety Administration regulations. Commercial vehicle insurance offers protection for business vehicles such as automobiles, delivery vans, and other vehicles that mostly operate in a specific area. If you have questions about commercial insurance issues, talk to the Patrick McNealis Insurance and Financial Group team that serves Emmaus, PA.
Comparing Trucking and Commercial Vehicle Insurance
Trucking and commercial vehicle insurance are more complex than a private auto policy. Both include many options that can be tailored to each client’s business, risks, and needs. Many companies carry both forms because they operate vehicles for various purposes.
The core of commercial trucking insurance is primary liability coverage, which handles injuries or property damage when a truck causes an accident. Trucking insurance also covers property, commodities, bodily injury liability, and legal concerns such as false advertising, libel, and slander.
Commercial trucking insurance options that apply to interstate trucking firms include:
- Bobtail insurance: Covers the tractor without a trailer
- Reefer breakdown: Covers goods lost from refrigerated trailer failures
- Motor truck cargo: Covers disaster-related cargo losses
- Under and uninsured motorists
Commercial vehicle insurance has more similarities to private auto insurance since it handles vehicles owned, leased, or rented by a business. It can include company cars, delivery vans, or specialty vehicles such as cement trucks.
Working with the Patrick McNealis Insurance and Financial Group
The Patrick McNealis Insurance and Financial Group team proudly serves Emmaus, PA. Let us use our trucking and commercial vehicle experience to create a package that fully protects your business. Call one of our four offices today to discuss your insurance options.
