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Call us today to get complete Virginia 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
Introduction to Virginia Commercial Truck Insurance and Requirements
In the United States, commercial truck insurance is mandated at the state level and differs from one state to another. In Virginia, the law requires all commercial vehicles weighing more than 10,000 pounds to have certain types of insurance coverage in order to legally operate on public roads. Understanding what type of policy is required, as well as adjusting coverage in line with company risk management needs, will help ensure all regulations are met.
What defines a commercial vehicle?
In Virginia, any motor vehicle designed or used to transport property and weighing 10,000 pounds or more is considered a commercial vehicle and is subject to Virginia Department of Motor Vehicles (DMV) regulations. This includes vehicles used for business purposes ranging from freight companies who transport non-hazardous goods to hazardous material carriers, as well as taxis and even limousines.
Types of Commercial Truck Insurance Coverage Required in Virginia
In order to understand the types of insurance coverage required in Virginia, it is important to understand that each company hauling cargo requires its own policy. The type and amount of coverage required by Virginia law depends on the kind of trucking services offered.
Bodily Injury liability: All private trucks operating under their own authority must carry a minimum amount of liability coverage for bodily injuries. For single unit trucks, the minimum is $25,000 per person/$50,000 per accident and $25,000 property damage per accident. For most motor carriers (except for those hauling hazardous materials) the minimum coverage for bodily injury liability is doubled to $50,000 per person/$100,000 per accident and $50,000 property damage per accident.
Property Damage Liability: Private carriers must also have property damage liability coverage with a minimum limit of $25,000 in Virginia. Motor carriers operating under their own authority must maintain a minimum limit of $50,000.
Uninsured/Underinsured Motorist Coverage: All carriers must also have uninsured/underinsured motorist (UM/UIM) coverage with a minimum limit of $25,000 per person/$50,000 per accident. This coverage protects the carrier in the event they are involved in an accident with an uninsured or underinsured driver.
Cargo Insurance: Cargo insurance is not mandatory in Virginia but due to the risk associated with transporting goods on public highways it is strongly recommended. In general, cargo insurance protects shippers from losses due to theft or damage that may occur during transportation. The cost of cargo insurance varies based on factors such as the type of cargo being transported and the distance traveled.
Additional Coverage Options
Physical Damage Coverage: To protect your vehicle from physical damage, you may want to consider purchasing physical damage coverage which pays for repairs or replacement following an accident or other insured loss. The cost of physical damage coverage varies depending on the type and value of the vehicle being insured as well as the deductible chosen by the carrier.
Bobtail Insurance: Bobtail insurance pays for claims arising out of the use of an uninsured vehicle when it is not connected to a trailer carrying cargo. It is important to note that bobtail insurance does not provide protection while hauling a trailer or other cargo.
Non-Trucking Liability Insurance: Non-trucking liability insurance pays for an accident while using a truck for personal use such as moving furniture or running errands not related to your business operations. This coverage also protects you against judgments arising out of accidents in which you are found liable.
Hired Auto Liability Coverage: This coverage provides protection for motor vehicles hired by motor carriers for non-trucking activities such as shuttle service or parcel delivery services.
General Liability Insurance: This coverage provides protection from claims arising out of non-vehicular actions such as spills and premises injury that might lead to a lawsuit. The minimum limit required by Virginia law is $350,000 per occurrence/$700,000 aggregate but depending on the scope of your operations you may need higher limits.
Factors That Impact Commercial Truck Insurance Rates >Click here to get your free Virginia Big Rig Truck Insurance Quote<
There are many factors that go into determining commercial truck insurance rates; some of which include but are not limited to:
•The type of cargo being transported
•The number of years experience behind the wheel
•The value and age of the vehicle being used
•The length of travel time involved
•The number of claims filed in the past
•Your driving record and loss history
•Whether any passengers are being transported
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
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 Virginia business types. >Click here to get your free Virginia 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.
business types. >Click here to get your free Alabama 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 required by law in Virginia and it is important to understand what types of coverage are necessary so you can accurately adjust your policy to meet your company’s needs. Working with an experienced insurance agent or broker to review your options and choose an appropriate policy can help ensure you are compliant with all relevant laws while still mitigating risks associated with your operations.