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MOST REQUESTED COVERAGE’S
Auto Liability, Motor Truck Cargo Coverage, Commercial General Liability, Medical Payments, Uninsured Motorist, Underinsured Motorist
Personal Injury Protection (PIP), Owned Auto, Non-Owned Auto, Hired Auto, Collision Coverage, Comprehensive Coverage and Trailer Interchange
Commercial trucks, also known as semi-trucks, are large vehicles used to transport cargo over long distances. They are a vital part of the U.S. economy and can be seen on roads and highways throughout the country. In North Carolina, trucking is an important industry for moving goods to and from the state. As with any vehicle, commercial trucks must be properly insured in order to protect both the driver and other drivers on the road. Read on to learn the North Carolina commercial truck insurance requirements and why it is so important.
What is Commercial Truck Insurance?
Commercial Truck Insurance (CTI) is a type of liability coverage that specifically applies to commercial motor vehicles. It is designed to protect a business and its assets against damages and financial losses associated with an accident in which the company’s commercial truck is responsible or involved. Depending on the situation, CTI may cover medical payments, property damage, and other expenses related to a truck accident. CTI policies can vary significantly in terms of premiums and coverage amount depending on the size and type of truck, as well as other factors such as age and driving record of the driver.
North Carolina Commercial Truck Insurance Requirements
Commercial trucks in North Carolina must be properly insured for the safety of all drivers on the road. The state requires commercial truck operators to purchase certain types of CTI coverage in order to operate legally. According to the North Carolina Department of Transportation (NCDOT), operators must have at least the following:
* Bodily Injury Liability Coverage: This coverage pays for damages that you cause to other people from an accident involving your truck, up to a specified dollar limit.
* Property Damage Liability Coverage: This coverage pays for physical property that you damage with your truck, up to a specified limit.
* Uninsured/Underinsured Motorist Coverage: If you are in an accident caused by someone else who does not have enough insurance or no insurance at all, this coverage pays for your costs up to a specified limit.
* Medical Payments Coverage: This coverage pays for medical bills incurred by you and your passengers if they are injured in an accident involving your truck, up to a specified limit.
* Collision Coverage: This coverage pays for repairs or replacement of your truck if it is damaged in an accident, up to a specified limit.
* Comprehensive Coverage: This coverage pays for damage to your truck due to non-accident events such as theft, vandalism, fire, or severe weather events, up to a specified limit.
In addition to these types of coverage, there are several other optional coverages available for truck operators who want additional protection for their vehicles or business. For example, Haulers Cargo Insurance protects against losses resulting from cargo theft or loss while in transit. This protection can be very beneficial for operators carrying high-value or hazardous materials. It is important to note that all policies need to be tailored to meet individual business needs and state requirements.
Why Commercial Truck Insurance is Important
Having proper CTI coverage is important for both the safety of drivers on the road as well as your business’s financial security. Accidents involving large trucks can cause devastating damage and costly injuries or worse. Commercial truck insurance provides peace of mind in knowing that you are properly protecting yourself and others against any potential liabilities stemming from an accident involving your truck. Additionally, depending on the size of your business and your fleet size, there may be additional legal requirements that require certain types of CTI coverage in order to operate within the state. These laws are intended to protect the public from accidents caused by commercial trucks and provide financial protection for those affected if something does happen.
Below are the classifications of commercial big rig trucking policies.
• Symbol 1 – Any auto, don’t have to schedule them. Covers any auto as long
as the insured is using it. (This is rare nowadays especially for Big Rig Trucks))
• Symbol 2 – Any owned auto. Covers only autos that the insured owns.
Includes autos you acquire ownership of after the policy begins.
• Symbol 3 – Owned private passengers autos only. Covers private passenger
autos. Includes autos you acquire after the policy begins.
• Symbol 4 – Owned autos other than private passenger autos only. Covers only
those autos you own that are not private passenger and for liability for trailers
you don’t own while attached to power units you own. Includes those autos
not of the private passenger type you acquire after the policy begins.
• Symbol 5 – Owned autos. Subject to No Fault State.
• Symbol 6 – Owned autos. Subject to Compulsory Uninsured Motorist Law.
Form you attach when the state requires and insured can not reject uninsured
motorist coverage. It includes autos you acquire during the policy period after
the policy begins.
• Symbol 7 – Specifically described autos. Covers only described autos.
Coverage follows power unit. Non owned trailers have liability with this form. (Most common for Big Rig, Box Trucks and other For-Hire operations)
• Symbol 8 – Hired Auto Only. Covers auto you lease, hire, rent or borrow.
This does not include any auto you lease, hire, rent or borrow from any of your
employees, partners or members, etc.
• Symbol 9 – Non-Owned Autos Only – Coverage auto you do not own, lease,
hire, rent or borrow that are used in connection with your business. Includes
auto owned by your employees, partners, members, etc.
We can easily insure the following North Carolina business types. >Click here to get your free North Carolina Big Rig Truck Insurance Quote<
CEMENT CONTRACTING – COAL HAULING – CONSTRUCTION – COURIER SERVICE – COURTESY PASSENGER TRANSPORT – DEBRIS REMOVAL – DEMOLITION – DIRT, SAND & GRAVEL – ELECTRICIANS – EXPEDITERS – FARMING – FIREWOOD HAULING – BULK FLORIST Refrigerated DELIVERY – FOR-HIRE TRUCKING – FROZEN FOODS TRANSPORT – FURNITURE DELIVERY – GARBAGE COLLECTION – HAZARDOUS MATERIALS HAULING – HOTEL SHUTTLES – HOTSHOT TRANSPORT – ICE CREAM VENDOR – IMPOUND LOT – INTERIOR DECORATING – INDEPENDENT TRUCKING – LANDSCAPING – LEASED-ON BIG RIG TRUCKING – LINEN SUPPLY – LOGGING – LONG-HAUL TRUCKING – MOTORCYCLE DEALERSHIP – OWNER-OPERATOR – PIANO MOVING – PLUMBING – ROCK QUARRY HAULING – RECYCLING SERVICES – REFRIGERATED GOODS TRANSPORT – RETAIL FOOD MARKET – ROOFING – SHOPPING MALL DELIVERIES – SNOW PLOWING – TOW OPERATION – TREE SERVICE – WIDE LOAD HAULER – WRECKER SERVICES and much more.
Commercial truck insurance is essential for anyone who owns or operates commercial vehicles in North Carolina. Not only is it important for protecting yourself and others from potential liabilities resulting from an accident, but it can also be required by law depending on the size and scope of your operations. The above information provides an overview of North Carolina’s CTI requirements as well as some optional coverages that can offer additional protection for you and your business.