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Dream Assurance Group

Primary Liability Insurance

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Primary Liability Insurance is a crucial component of any Commercial Truck Insurance Policy. It is a mandatory coverage for all commercial trucks, providing financial protection for bodily injury and property damages caused by your truck to others. Driving without this insurance can lead to substantial fines and penalties, so it is essential never to operate your truck without it.

The Federal Motor Carrier Safety Administration (FMCSA) sets the minimum requirements for primary liability insurance based on the Gross Vehicle Weight Rating (GVWR) of the truck. For trucks weighing over 10,000 pounds GVWR, the minimum coverage amounts are as follows:

  • $750,000 – Most trucks hauling most commodities are required to have a minimum of $750,000 of coverage. Many load brokers will require a minimum of $1,000,000.
  • $1,000,000 – Auto haulers need a minimum of $1,000,000 in coverage. One million in coverage is becoming an industry standard across other hauled commodities too.
  • $5,000,000 – If you are hauling certain hazardous materials, you’ll need a minimum of $5,000,000 in coverage.

It’s important to note that primary liability insurance does not cover you or your truck. It is specifically designed to protect against damages you may cause to others and their property, including property damage. For coverage related to theft, bodily injury, or damage to your own truck, you’ll need different types of insurance.

Understanding the unique needs of your trucking business and the specific risks you face is crucial when determining the appropriate insurance coverage. This includes not only primary liability insurance but also other types of coverage such as cargo insurance, physical damage insurance, and general liability insurance.

It’s common for people to confuse Primary Liability Insurance with General Liability Insurance. The key difference is that General Liability Insurance covers accidents that occur off the road, such as someone slipping and falling at your headquarters. Primary liability insurance, on the other hand, only provides coverage while your truck is on the road, actively engaged in transporting goods or materials.

The cost of Primary Liability Insurance is typically the most significant expense in a commercial truck insurance policy. To get the best rates and ensure your trucking business has adequate insurance coverage, it is recommended to compare quotes from different truck insurance companies. Our service simplifies this process by allowing you to fill out one form, and we will connect you with three agents competing to offer you the most competitive prices for this coverage. This ensures that you not only meet the legal requirements but also have the peace of mind that comes with comprehensive trucking insurance coverage.

In summary, primary liability insurance is a vital component of commercial truck insurance, providing protection against bodily injury and property damage caused by your truck to others. It is a legal requirement for all commercial trucks and is regulated by the FMCSA based on the GVWR of your truck. While primary liability insurance covers property damage and bodily injury to others, it does not protect you or your truck. To ensure your trucking business has the right insurance coverage, it’s essential to understand the specific needs of your operations and consider additional types of insurance, such as cargo insurance and physical damage insurance. Comparing quotes from different insurance providers can help you secure the most competitive rates and comprehensive coverage for your trucking business.

Whether you’re seeking personalized advice, tailored solutions, or simply want to explore your options, we’re here to help. To take the first step towards safeguarding your dreams, simply click the Request a Quote button to fill out our quick and easy quote form. Alternatively, you can reach out to our dedicated expert, Ashish, at ash@dreamassurancegroup.com via email. Don’t let uncertainty hold you back; embrace the assurance of tomorrow, today.