New York Truck Insurance

NY License #: BR-1648849

New York Commercial Truck Insurance

Understanding New York Trucking Insurance Coverages

• Auto Liability

  Hauling freight on New York's busy roads and highways exposes trucking companies to major liability risks. That's why carrying adequate auto liability insurance is a must. New York mandates minimum liability limits of $100,000 for injury or death of one person, $300,000 for injury or death of two or more people, and $25,000 for property damage. For example, if a truck driver rear-ended another vehicle and caused injuries to the occupants, the trucking company's auto liability policy would pay for the injured parties' medical bills and lost wages up to the policy limits. Higher optional liability limits are strongly recommended to fully protect New York trucking outfits from potentially massive legal judgments. Partner with a knowledgeable insurance broker like the team here at TIS. We help truckers operating in the Empire State get properly covered with a policy from a reputable commercial auto insurer.

• Physical Damage

  In addition to liability risks, New York truckers also face potential physical damage exposures. That's why carrying adequate physical damage, or collision, coverage is essential. This covers repairs or replacement if a commercial truck is damaged in an accident, vandalized, or experiences other covered losses. For example, if a truck driver makes an improper turn and crashes into a guardrail, resulting in significant front-end damage, the trucking company's collision policy would pay for the repairs (minus the deductible). Without physical damage coverage, the truck owner would have to pay these costly repair bills out-of-pocket. Proper physical damage limits ensure commercial trucks - often a company's biggest assets - are protected. Partnering with an experienced New York insurance broker like The Insurance Store can help trucking firms customize a policy with sufficient collision coverage from a leading truck insurer.

• Motor Truck Cargo

  Hauling cargo on New York’s highways and roads exposes trucking companies to risks of loss or damage. That’s why motor truck cargo insurance is a crucial coverage. It protects against loss if the goods being transported are damaged, stolen, or otherwise harmed. For example, if a trucking company is hauling a shipment of electronics from Buffalo to New York City, and some of the goods are damaged due to rough handling, their motor truck cargo policy would cover the costs to repair or replace the damaged electronics. Without this coverage, the trucker is liable for the full value of the cargo. Proper limits ensure trucking companies aren’t financially devastated by damaged or lost freight. Working with a knowledgeable New York insurance agent from TIS can help tailor a motor truck cargo policy from a leading insurer to fit a trucking outfit’s specific operations and exposures.

• Reefer Breakdown

  At The Insurance Store, we understand that for New York-based trucking firms involved in the transport of chilled or frozen goods, reefer breakdown coverage is a crucial safety net. This policy safeguards against financial loss should the refrigeration unit malfunction during a delivery, leading to spoilage of goods. Consider a scenario where a trucker is delivering frozen seafood from Syracuse to NYC, and the reefer unit unexpectedly fails halfway, resulting in the thawing of the shipment. In such an instance, the reefer breakdown coverage comes into play, taking care of the costs associated with the ruined cargo. Absence of this coverage could potentially leave the trucking firm responsible for the entire value of the lost cargo. Ensuring appropriate reefer breakdown limits are in place can prevent a financial disaster for refrigerated carriers due to equipment malfunction. Collaborating with an experienced New York insurance broker, like The Insurance Store, can help design a custom-made reefer breakdown policy from a trustworthy insurer, perfectly suiting the specific needs and risk factors of a refrigerated trucking business.

• Trailer Interchange

  In the bustling world of commercial trucking in New York, Non-Owned Trailer and Trailer Interchange coverages are critical insurance types. Non-Owned Trailer coverage applies when a company, such as Empire State Trucking, uses a trailer it doesn't own. For instance, if Empire State Trucking rents a trailer from Big Apple Hauling and an accident damages this rented trailer, Non-Owned Trailer insurance would cover the repair costs. Conversely, Trailer Interchange insurance kicks in when companies swap trailers under a Trailer Interchange Agreement. Suppose Empire State Trucking and Big Apple Hauling have such an agreement and Empire State Trucking is transporting cargo with an interchanged trailer. If a mishap damages the trailer, Trailer Interchange insurance would handle the damages to the interchanged trailer. Thus, both coverages provide a financial safety net to trucking companies when accidents occur involving trailers they don't own, regardless of whether these trailers are rented or interchanged.

• Non-Trucking Liability

  Non-Trucking Liability (NTL) and Bobtail insurance are vital for commercial truckers operating in New York. Think of NTL and Bobtail insurance as the safety net for your truck when it's off duty. For instance, NTL covers your truck when you're not under dispatch and driving for personal reasons. So, if you decide to take your rig to the grocery store during your off-hours and unfortunately get into an accident, your NTL policy would cover the damage caused to other parties. On the other hand, Bobtail insurance comes into play when you're dispatched but not pulling a trailer - perhaps returning from a delivery or heading out to pick one up. If an accident happens during these times, your Bobtail insurance would cover the damage.

• Excess Liability

  Excess liability insurance is another pivotal coverage for the trucking industry, essentially acting as an extra layer of protection above your existing liability policies. It raises the limit of your standard coverage, thereby protecting you from potentially disastrous situations that exceed your regular policy limits. For example, if your general liability policy has a limit of $1 million, but you are faced with a claim that costs $1.5 million, without excess liability insurance, you would be responsible for the $500,000 difference. But, with an Excess liability policy in place, this gap is covered, saving you from significant financial strain. Considering the high risks and potential high costs in the trucking industry, excess liability insurance provides that essential added peace of mind.

• Workers Compensation

  Workers' compensation insurance is a crucial policy for trucking companies in New York. This coverage is designed to protect employees who get injured or fall ill due to their job responsibilities. In the trucking world, risks are plenty - a driver could be involved in a road accident, or a dock worker might get injured while loading or unloading a truck. In these situations, workers' compensation insurance steps in, covering medical expenses, rehabilitation costs, and even lost wages during recovery. This policy not only safeguards your employees but also your business from potential lawsuits. By ensuring your team's wellbeing, you're contributing to a safer, more secure work environment.

• Occupational Accident

  Occupational accident insurance is a must-have for owner-operators in the trucking industry. It's a type of coverage that offers benefits to independent contractors or owner-operators who get injured or fall ill as a result of their job. For instance, if an owner-operator sustains an injury while making a delivery and is unable to work for a certain period, occupational accident insurance can help cover medical expenses, provide disability benefits, and even death benefits if the worst should occur. This coverage acts as a safety net, providing financial protection in an industry where the risks are inherently high. It's essential to note that while occupational accident insurance can offer substantial benefits, it doesn't replace workers' compensation insurance and may not be recognized as an equivalent by all entities.

• General Liability

  General Liability Insurance is an indispensable coverage for commercial trucking operations in New York. This policy safeguards your business against claims arising from bodily injuries or property damage that occur as a result of your business activities, but not directly related to the operation of the truck. For instance, imagine a situation where a client visits your office in Rochester and accidentally trips over some equipment, resulting in injury. In this case, your General Liability Insurance would cover the associated medical costs and any legal fees if the client decided to sue. It's also applicable in situations like accidental damage to a customer's property during a delivery. For example, if while unloading goods, a driver accidentally damages a client's warehouse door, your General Liability Insurance would cover the repair costs. In the bustling world of trucking, where unexpected situations can arise, this coverage serves as a crucial shield, protecting your business from a broad spectrum of potential liabilities. The TIS team is adept at helping you find a tailored General Liability Insurance policy that covers your specific risks and meets your unique needs.

Why Should I use a New York Insurance Agent?

Here is what Our Happy Customers have to say

Excellent and very helpful in assisting my trucker needs!! Thank you very much Neome for your assistance!

Efrain Gomez

Lindsay Santos and her team were amazing! We recently needed to find a new commercial agent and we have found the best! They were persistent in receiving various quotes for our commercial trucking business. I look forward to a long business relationship with this company!

Constance King

I just wanted to say thank you to Lindsay and the rest of her team at the Insurance Store! No matter how complicated the situation could be, she rose to the top by achieving our shared Goal. Always willing to go the extra mile in my opinion and for me and my boss that is extremely important. Thank you so much for coming through for us! We appreciate it all!

Harris Transportation, Inc.