When you load out your truck, you plan to move your cargo from point A to point B without any disruptions. Most of the time, everything goes as planned, but accidents can happen. At Midwest Insurance Solutions, we help you find commercial trucking insurance that protects your business, your rig, and your freight against the risks of the road. Whether you have flatbeds and semis or need coverage for your fleet of tow trucks or dump trucks, we can assist you in building a commercial insurance package that is right for you.
Private Trucks
If your business owns one or more company trucks, you probably need private truck insurance. This type of coverage protects your business against liabilities stemming from accidents involving your trucks. It can also help cover damages to your vehicle, compensating you for the cost of repair or loss.
Owner-Operators and Lease Contractors
If your truck is your business, you probably need motor carrier insurance. This coverage is designed for owner-operators and lease contractors who are hired to provide trucking services on a contract basis for other businesses. Sometimes, the businesses hiring an owner-operator or lease contractor will provide certain coverages while drivers are on the job, but these coverages are not always available and may be limited. Make sure you fully understand what is covered and what is not when it comes to your truck, your liability, and the cargo you are hauling.
Motor-Carrier coverage is typically made up of several different types of coverage. Examples include:
Liability Insurance
Iowa’s liability insurance laws apply to all motor vehicles – including big trucks. Litigation against truckers is big business, with entire legal firms dedicated to accidents involving 18-wheelers. If you are responsible for a collision, the financial repercussions could be catastrophic. Liability insurance helps pay for your legal representation expenses, court costs, and the third-party injury and property damages you are responsible for paying – up to the limits of your coverage.
Non-Trucking Liability Insurance
If your lease provides liability insurance while you are on the job, you may still need to purchase coverage while you are between work. Non-trucking liability insurance is coverage for your commute and when you are driving your truck for personal use.
Collision and Comprehensive
Repairing a big truck comes at a big cost, and the bill to replace is far higher. Whether your truck is stolen, damaged in an accident, or totaled by a falling tree, make sure your insurance includes complete protection against physical damages.
Uninsured/Underinsured Motorist
When other drivers fail to purchase enough insurance to cover their liability, uninsured and underinsured motorist insurance can help. This coverage compensates you for your injury-related losses when at-fault motorists are uninsured or do not have enough insurance to cover your damages.
Cargo Insurance
Whatever you carry, it is precious cargo to the companies shipping and receiving it. You are responsible for protecting the load you carry, and cargo insurance can provide compensation when it is damaged in transit.
Medical Payments
You should seek immediate medical attention for physical injuries sustained in a trucking accident. Medical payments coverage helps pay for your necessary medical expenses with limited compensation regardless of who was at fault for the accident.
Get Iowa Trucking Insurance
At Midwest Insurance Solutions, we know the challenges and risks you face in the trucking industry. We offer complete insurance solutions for Iowa truck drivers, including motor-carrier and private truck insurance options. To find out more about trucking insurance and how an independent agent can help you save on the coverage you need, contact our office today.
