Trucking Insurance
Fleet
Specialized coverage that is designed to provide protection for a company’s entire fleet of vehicles under one comprehensive policy. Who is it designed for?
Businesses that operate multiple vehicles, such as delivery services, transport companies, or those in industries like construction, logistics, or utilities.
Owner-Operator
Owner-operator insurance is specifically designed for individuals who own and operate their own vehicles within industries like transportation, logistics, and freight. Tailored coverage that offers comprehensive protection for both vehicle and the business against risks such as accidents, theft,
damage, and liability while on the road.
Motor Truck Cargo
Specifically covers the cargo being transported. It protects against damage, theft, or loss of goods while the truck is in transit.
Types of Trucking Insurance Coverage
Liability, Cargo, PD, WC, GL etc.
Why Choose IB for Trucking Insurance?
Our Experience
States we’re authorized to write in
AL, AZ, CO, CT, FL, GA, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MO, MT, NE, NV, NJ, NY, NC, ND, OH, PA, SC, SD, TN, TX.
List of vehicles in covered in trucking
Trucks
dump truck, food truck, flatbed truck, refrigerated truck, truck tractor, tow truck etc.
FAQs
What is the difference between owner-operator & fleet owners?
An owner-operator is an individual who owns and operates their own truck or vehicle. They are both the business owner and the driver. A fleet owner is someone who owns multiple trucks and hires drivers to operate them. Fleet owners run a larger-scale operation and focus on managing the logistics of their fleet, including overseeing drivers, scheduling, and ensuring vehicles are properly maintained.
Whether you’re an owner-operator looking for independence or a fleet owner seeking to scale your logistics business, we offer tailored solutions to help you succeed. Let us help you navigate the unique challenges and opportunities of both models, ensuring the best approach for your business goals.
What specific coverage(s) will an owner-operator need?
As an owner-operator, you’re running your own trucking business, meaning you’re responsible for both the vehicle and the operations.
Primary Liability
Mandatory if you’re operating commercially and is required by the Federal Motor Carrier Safety Administration (FMCSA).
Physical Damage
Protects your truck from damage resulting from accidents, theft, vandalism, fire, or other non-collision events.
Cargo
Non-Trucking Liability
Worker’s Compensation (if applicable)
Uninsured/Under
Protects the goods you are transporting in case of loss, theft or damage while in transit.
Do I need a US DOT #?
Yes, as a motor carrier, you likely need a US DOT Number if you are involved in interstate commerce or if your vehicle meets specific criteria.
You are required to have a US DOT Number if you meet any of the following criteria:
Interstate Commerce: If your business is involved in the transportation of goods or passengers across state lines (interstate commerce), you are required to have a US DOT Number.
Vehicle Weight: If your vehicle has a gross vehicle weight rating (GVWR) or gross combination weight rating (GCWR) of 10,001 pounds or more, it must be registered with a US DOT Number.
Passenger Transport: If you are transporting 16 or more passengers, including the driver, or if you are transporting 9 or more passengers for compensation, you will need a US DOT Number.
Hazardous Materials: If you are transporting hazardous materials in amounts that require placarding under the Department of Transportation (DOT) regulations, you are required to obtain a US DOT Number, regardless of the vehicle weight.
As a motor carrier, what insurance will I need?
State and Federal Requirements: Be aware of state-specific regulations and federal insurance requirements (set by FMCSA) for motor carriers. These can vary based on the size of the carrier’s fleet, types of goods transported, and the distance traveled. As a motor carrier, you’ll need a combination of the above coverages to protect your business, vehicles, drivers, and cargo while operating. Some policies, like primary liability insurance and cargo insurance, are often mandatory, while others (like trailer interchange or workers’ compensation) may depend on the specifics of your business model.
List of Carriers we have access to for trucking operations.
Acuity
Geico
Progressive
Ten-Four
Auto Owners
Difference between fleet & non-fleet.
The main difference between fleet insurance and non-fleet insurance lies in the number of vehicles being covered and the scope of the policies. Fleet insurance is more suited for companies with multiple vehicles that need to streamline their insurance, while non-fleet insurance works best for businesses or individuals with just one or a few vehicles.
Links
FMCSA https://www.fmcsa.dot.gov/
FMCSA Forms https://www.fmcsa.dot.gov/registration/registration-forms
Safer Website https://safer.fmcsa.dot.gov/CompanySnapshot.aspx