There are several kinds of commercial trucking insurance coverages out there. Here is a quick summary of the most common types:

• Physical Damage - This kind of commercial truck insurance covers your truck and your trailer. Your premium is usually a percentage of the value of your equipment. This kind of insurance is not required by law, but if your truck and trailer are financed, your lienholder will force you to carry it. Make sure to insure your equipment for its actual value – most insurance companies will only pay the market value for the equipment at the time of the loss.
• Primary Auto Liability - This kind of commercial trucking insurance is required by federal regulations. Every carrier must carry this kind of insurance on every rig, regardless of ownership status. This commercial truck insurance will protect you from liability if a third party is injured in an accident. Make sure to ask who will pay for this insurance.
• General Liability - This commercial trucking insurance protects the business for any property damage or bodily injury that occurs and does not involve the truck. Examples include slips and falls at the workplace and exposures through contractual obligations.
• Non-Trucking Liability - This kind of commercial truck insurance pays for an accident involving a commercial truck or driver who is not under dispatch.
• Non-Owned Trailer Liability - This commercial truck insurance protects a trailer you are pulling for someone else.