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Call us today to get complete Oregon trucking for hire coverage as fast as possible 855-826-0321. Reliable and affordable all inclusive policies. Call us for you best rates for your for commercial truck insurance. Count on us for delivering unparalleled customer service to meet your load hauling needs.
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
Oregon Commercial Truck Insurance and Requirements
Commercial truck drivers in the state of Oregon are held to a high standard when it comes to operating their vehicles safely, timely, and responsibly. Part of this responsibility includes appropriately and adequately purchasing commercial truck insurance. In Oregon, commercial trucks are defined as any motor vehicle that is used for transporting goods or materials and has a gross vehicle weight rating (GVWR) over 26,000 pounds. Of all of the states, Oregon has arguably the most specific, intricate, and thorough requirements for commercial truck insurance. This guide is intended to explain what commercial truck insurance covers, what the minimum legal requirements in Oregon are for commercial truck insurance, and how to purchase insurance.
What is Commercial Truck Insurance?
Commercial truck insurance is designed specifically for individuals and businesses who operate certain types of vehicles. It is similar to personal auto insurance in that it provides protection against liability in the event of an accident. It is also similar to regular business liability insurance in that it may offer coverage for property damage, bodily injury liability, and medical payments. The difference between personal auto and commercial truck insurance lies in the amount of coverage offered, as well as the types of claims that are covered under the policy.
Unlike personal auto insurance, commercial truck insurance typically covers multiple vehicles (even across different businesses), different levels of risk, higher limits of damages and injuries, as well as a variety of additional coverages that are specifically tailored for the types of risks a commercial driver might face.
Minimum Legal Requirements for Commercial Truck Insurances in Oregon
All commercial trucks operating in the state of Oregon must carry a minimum level of insurance to legally be on the roads. The minimum requirements are as follows:
• Bodily Injury (BI): $500,000
• Property Damage (PD): $100,000
• Uninsured/Underinsured Motorist (UM/UIM): $25,000/$50,000
• Personal Injury Protection (PIP) or Medical Payments (MP): $15,000
In addition to these minimums, any truck with hazardous material must also have $5 million in cargo liability insurance. The coverage must be provided by an insurance company licensed to write policies in Oregon; if not provided by an Oregon-based insurer, a statement of insurability from an Oregon Licensed Producer must be included with the policy. Additionally, all policies must include either a garage liability endorsement or an endorsement providing non-trucking liability coverage.
Recommended Coverages
While the minimum legal requirements are a good starting point for obtaining necessary insurance coverage, there are additional coverages that Oregon recommends all commercial trucks carry. These include physical damage coverage for trucks and cargo, trailer interchange coverage for rental trailers when used in combination with your own equipment, and excess liability coverage which provides additional coverage above the legal minimums listed above. Additionally, it is recommended that all policies also include cargo coverage which provides protection against theft and damage to freight while in transit.
How to Purchase Commercial Truck Insurance
The first step in obtaining commercial truck insurance is to contact a reputable insurance broker or agent. You will need to provide them with your driving record and any other pertinent information such as business name and address. Your broker or agent will then provide you with several quotes based on your needs and budget.
>Click here to get your free Oregon Big Rig Truck Insurance Quote<
Once you have received your quotes, you should compare them to see which one best meets your needs as well as provides the most cost effective solution. It is important to take into consideration any additional coverages that may be recommended by your broker or agent along with any endorsements which may be added for extra protection. Once you have decided on a policy, you will need to ensure that it meets the state’s legal requirements by contacting your local Department of Motor Vehicles office.
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 Oregon business types. >Click here to get your free Oregon 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 trucks operating in Oregon must meet certain standards when it comes to insurance coverage in order to remain compliant with state regulations. The minimum required coverage is as follows: $500,000 Bodily Injury (BI), $100,000 Property Damage (PD), $25,000/$50,000 Uninsured/Underinsured Motorist (UM/UIM), and $15,000 PIP/MP. Commercial truck operators should also consider purchasing additional coverages such as physical damage coverage for trucks and cargo, trailer interchange coverage for rental trailers when used in combination with your own equipment, excess liability coverage which provides additional coverage above state-mandated minimums, and cargo coverage which provides protection against theft and damage to freight while in transit. Before purchasing any policy it is important to compare quotes from different insurers and contact your local DMV office for verification that you meet the state’s legal requirements.