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Truck for-hire insurance, often referred to as Commercial Truck Insurance or For-Hire Truck Insurance, is a specialized type of insurance coverage designed for businesses or individuals who operate trucks for transporting cargo or passengers in exchange for compensation.


This type of insurance is essential for protecting the financial interests of trucking businesses and drivers, as it covers the unique risks associated with for-hire trucking operations.



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Truck For-hire Insurance COVERAGES

Primary Coverages:

Liability Insurance: Covers bodily injury and property damage liability resulting from an accident for which the truck driver is at fault. This coverage is often required by law and is crucial for protecting against potential legal claims.

Physical Damage Coverage: Protects the truck itself from damages caused by collisions, accidents, or other perils. It includes two components collision coverage (for accidents) and comprehensive coverage (for non-collision events like theft or natural disasters).

Cargo Insurance: Provides coverage for the value of the cargo being transported. It safeguards against damage, theft, or loss to the cargo while in transit.

Additional Coverages

Medical Payments Coverage: Pays for medical expenses for the driver and passengers of the insured truck in the event of an accident, regardless of fault

Uninsured/Underinsured Motorist Coverage

Protects against damages caused by drivers who have insufficient
or no insurance coverage.

Trailer Interchange Coverage

Covers physical damage to non-owned trailers being pulled by the insured truck.

Non-Trucking Liability (Bobtail Insurance)

Provides liability coverage for the truck when it is not under dispatch, such as when the driver is traveling without a trailer.

Motor Truck Cargo Insurance

Focuses on protecting the goods or cargo being transported. This coverage typically includes protection for theft, damage, or loss during transit

Rental Reimbursement Coverage

Pays for the cost of renting a replacement truck if the insured truck is temporarily out of commission due to covered damage.

Risk Assessment and Underwriting

Insurers assess various factors when determining premiums, including the type of trucking operation, the safety record of the business or driver, the type of cargo transported, and the routes traveled.

Deductibles and Limits

Policies may have deductibles (the amount the insured must pay out of pocket) and coverage limits, which determine the maximum amount the insurance company will pay for covered losses.


Policies may have exclusions specifying situations or events not covered by the policy. It's crucial for trucking businesses to understand these exclusions.

Truck for-hire insurance is essential for the trucking industry to protect against the significant financial risks associated with for-hire trucking operations. Businesses and owner-operators should work closely with insurance providers to tailor coverage to their specific needs, ensure compliance with regulatory requirements, and manage their overall risk effectively

Annagard Insurance Agency is always here for all your insurance needs. Please feel free to call us at any time, we will be delighted to speak with you.

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