Finding the right insurance for your business means getting the coverage and service you need at a price that fits your particular budget. We offer multiple lines of coverage options, including but not limited to:
Primary Liability Insurance
Primary liability insurance protects you from damage or injuries to other people caused by trucks you own or operating under your authority for which you are legally liable. This coverage is mandated by state and federal agencies, which require proof of coverage.
Interstate truckers will need the MCS90, the BMC90 and the appropriate state form endorsements, which extend coverage to the regulatory agencies.
Policy limits for operations with trucks over 10,000 gross vehicle weight have a required limit of $750,000, $1,000,000 or $5,000,000 depending upon the commodity hauled. This limit is set by the Federal Highway Administration interstate travel and, typically, matched by the various states.
Physical Damage Insurance
Physical damage insurance pays to fix or replace damaged tractors and trailers. A sample of coverages includes theft, hail, flood, collision and auto overturn.
Downtime coverage is for owner-operators that want to protect any revenue lost during the repair of their equipment due to an accident.
Motor Truck Cargo Insurance
Motor truck cargo insurance protects the transporter for his responsibility in the event of damaged or lost freight. The policy is purchased with a maximum load limit per vehicle. Prior to purchasing this coverage, be sure to speak with your Triumph support team to ensure the coverage meets the nature of your freight. Also, be sure to continually re-evaluate your freight as it changes.
General liability provides coverage for select premises and operational exposures not covered under primary liability policies.
Non-Trucking Liability (Bobtail Coverage)
Non-trucking liability insurance provides a permanently leased owner or operator with a limited form of liability protection. Specifically it applies when a covered vehicle is operated solely for personal reasons. Non-trucking liability insurance is not for when an owner operator pulls a loaded trailer, operates on behalf of a trucking company or uses a vehicle for any revenue-generating purpose like trip leasing. These types of activities normally fall under the primary auto liability insurance provided by a trucking company.
Workers Compensation Insurance
Varying by state, if you employ workers, you must have a valid workers compensation policy. This insurance protects you against liability to your workers for their injuries sustained while on the job.
Occupational Accident Insurance
Occupational accident insurance provides owner/operators with an affordable source of indemnification for “work accident injuries.” This coverage offers important benefits for accidental death and dismemberment, accident medical and accident disability income.