We appreciate the increasing strain that continue to jeopardize the transportation and fleet industry whether it be, rising insurance costs, operational costs, shortage of qualified drivers, or the high cost of fuel. We understand your business and the economic factors threatening it.
Commercial Auto Liability Insurance
A commercial auto liability policy will be required if you drive a commercial auto/truck and transport cargo of others. This policy will provide coverage for bodily injury and property damage to others. The auto could mean a commercial bus, tractor trailer, van or any public vehicle carrying passengers or cargo. Getting commercial auto liability coverage is necessary as it involves dealing with governmental filings
Our coverage is extensive, and our service is outstanding. We insure almost any business type, including new ventures, and our liability limits — up to $5 million — can meet small and large companies’ insurance needs.
Tannas Insurance Brokers insures the following types of vehicles:
- Tractor Trailers
- Cargo Vans
- Dump Trucks
- Tow Trucks
- and Many More
- Physical Damage Insurance
Physical damage insurance provides coverage for your equipment due to covered cause of loss such as rollover, theft, vandalism, collision or fire. Physical Damage coverage offers 24 hour protection for your tractor and trailer. We write this coverage nationwide. So no matter where your next trip takes you, we have you covered.
Physical Damage Coverage Includes:
- Comprehensive (fire or explosion, theft, windstorm, hail, earthquake, flood, vandalism and more)
- Collision (damage caused by collision with another object)
- Deductible Options ($500, $1000, $2500)
This coverage is not required by law but if you finance your vehicle the lien holder will require it. It is important to insure your truck for the real value. Do not over or under value the vehicle as the insurance company will only pay market value at the time of the loss.
As an owner operator, your insurance needs are complex. You need to protect your livelihood and your equipment; and if you are leased onto a motor carrier, your coverage need will be determined under the lease agreement.
While some employers may offer to provide these vital insurance coverages, you can often get a better deal by purchasing them yourself. Plus, you’ll be able to make choices to customize your policy to your needs and know exactly how much protection you’re getting.
As an independent driver leased to a carrier, the carrier probably provides the majority of your liability insurance coverage. However, you should purchase your own physical damage insurance and non-trucking liability insurance for when you drive your truck on your own time. Tannas Insurance Brokers has the insurance options you need.
Motor carriers purchase insurance in case of a loss for the transportation of truck cargo that’s been transferred into their care, custody and control. The limits for motor truck cargo insurance are determined by the type and value of the freight that’s transported, and should be tailored to your specific trucking operation by an expert in the field of trucking insurance. This type of policy should be carefully considered prior to purchase; under-insuring the cargo can negatively impact a trucking operation in the event of a major loss. The responsibility of the transporter, and the value of the load should be established and mutually agreed upon prior to shipping.
Whether you operate a business with a fleet of 50, or just two vehicles, we can arrange insurance coverage that is specific to your needs.
Call Tannas Insurance toll free at 866-645-2901, for more detailed information and an insurance quote, or contact us online at your convenience.