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Call us today to get complete Ohio 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
Ohio Commercial Truck Insurance and Requirements
Commercial truck insurance is an essential component of running a successful business that utilizes heavy commercial trucks. In the state of Ohio, commercial truck owners must have an appropriate policy to meet the requirements of the law. Understanding Ohio commercial truck insurance policies and requirements can help you make sure your business is operating legally and safely.
In Ohio, there are several elements to consider when selecting a commercial truck insurance policy. The state requires commercial truck owners to purchase financial responsibility bonds or sureties, which act as a form of insurance that covers damages in case of an accident or incident. Additionally, there are liability coverages, cargo coverage, uninsured motorist coverage, and other optional coverages that may be necessary for your specific business needs.
When obtaining an Ohio commercial truck insurance policy, it is important to understand the state’s regulations to ensure that your policy meets these requirements. Depending on the type of coverage you need, the policy must meet certain limits. For general liability, minimum coverage limits are often set at $300,000 for bodily injury to one person, $600,000 for bodily injury to two or more people, and $100,000 for property damage in any one accident.
For cargo coverage, limitations vary based on the type of commercial vehicle you have and the kind of cargo being transported. For example, if you are transporting hazardous materials, you may need to carry higher levels of coverage than if you are transporting general merchandise. In addition, cargo coverage may include protection for items within the cab of the truck or for any items that are stored in or on the trailer or flatbed.
Uninsured motorist coverage is also an important consideration for drivers in Ohio. This type of coverage is designed to protect drivers from uninsured or underinsured drivers who cause an accident. In Ohio, drivers must provide a minimum of $25,000 per person and $50,000 per accident for this coverage. It is important to note that this is separate from collision and comprehensive coverage.
In addition to the required coverages, commercial truck owners may also choose from several other optional coverages to customize their policy. Some of these include additional property damage coverage, medical payments coverage, trailer interchange coverage, non-trucking liability coverage, and storage coverage. Even if you do not think you need these additional coverages, they may provide extra protection in case of an unexpected loss or situation.
It is important to remember that with any insurance policy there is a deductible that must be met before any claims can be made. While it may seem like a burden up front, having a deductible ensures that you do not make frivolous claims and allows your overall insurance costs to be lower. Deductibles will vary depending on the type of coverage you have elected; however, most deductibles range from $500-$2,500.
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 Ohio business types. >Click here to get your free Ohio 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.
When applying for a new policy or making changes to an existing policy it is important to work with a knowledgeable insurance agent who can help guide you through the process. It is also advisable to read through all of the fine print associated with your commercial truck insurance policy to ensure that you understand your obligations and rights should an incident occur. Finally, it is important to disclose all information requested by your insurance provider so that your policy accurately reflects your needs and risk factors. By being aware of and following these guidelines for Ohio commercial truck insurance policies and requirements you will be able to ensure your business is fully insured and compliant with all applicable laws.