As the winter storms begin to cover the roads with sleet, snow, and ice, the dangers of driving increase dramatically. In order to keep safe, protect your vehicle, and prevent your truck insurance rates from rising, check out these winter truck tips from Royalty. (more…)
Transportation Insurance
Good news for truckers in the United States! According to the Bureau of Labor Statistics, preliminary numbers show that 3,600 new payroll jobs were added this November in the for-hire trucking industry. (more…)
The commercial truck insurance industry has many complex aspects that we at Royalty Truck Insurance try to simplify for your ease. But it is important that you at least have a minimal understanding of some of these forms and coverages, in order to better protect your truck and business. One of the pieces of paperwork we file for you is the MCS-90 Form. (more…)
On October 22, 2011, Royalty Truck Insurance participated in the First Slavic Truck Fair at Bethany Park in Sacramento, California. The event was a rousing success and Royalty was proud of our role. (more…)
With fall whipping in like a blustery wind, the falling leaves signal that winter is right around the corner. And with the frigid cold of the waning 2011 calendar, an increase in accidents and automotive predicaments are sure to accompany. But there are precautions you can take in order to reduce the probability of accidents occurring. (more…)
Part of successfully insuring your truck is making sure that you avoid accidents. Obviously, the reason you choose premium commercial truck insurance is so that you do not have to worry about getting out of a sticky situation when you do need it.
But there are precautions you can take that will help prevent an accident from ever happening, so that you will not have to deal with filling out forms, getting your truck repaired, having your claims checked, or recovering from an injury.
Here are some common truck maintenance procedures that will help relieve long-term stress. (more…)
One area of commercial truck insurance that could use some development is the reporting of claims immediately following an accident. Drivers fluctuate greatly in their reports; some provide very specific details with multiple pictures and witness contact numbers, while others are brief and leave out crucial aspects.
So what’s up?! (more…)
One of the most important aspects for any business is to ensure that its workers are taken care of and protected, whether this means adequate pay grade or providing insurance. For a potentially dangerous job like trucking, this is even more important. Find the right commercial truck insurance plan that can protect your employees, thereby helping to keep your business strong as well. A healthy worker is a happy worker! (more…)
Liability insurance is designed to protect motorists who are found to be not at fault in an accident. Most every state in the United States requires at least liability coverage in order to operate a motor vehicle. Without liability insurance, motorists would be at risk of being forced to pay for damages caused by others or seek compensation through civil litigation.
Commercial trucks are also required to carry liability insurance. In most cases, motor carriers have a primary liability policy in place to cover the drivers who work for them. This coverage also often extends to the independent owner/operators who haul their goods on a contract basis.
Primary Liability Coverage Ends When The Job Is Done
Once the job is done and the trailer is detached, the independent driver will find his or herself without that coverage. Primary liability only covers independents when they are on active dispatch and does not even cover return trips from successful hauls.
Because liability insurance is required by law and having liability insurance is simply common sense, independent drivers need to find a way to keep themselves covered when off the job. This is known as non-trucking liability insurance.
Non-Trucking Liability
Non-trucking liability is a handy form of commercial truck insurance because it works just like a primary liability policy when a driver’s contracted employer’s coverage is invalid. It also saves drivers money because they only pay for it when they are not otherwise covered.
Additional Concerns
For full protection you will want to also purchase a comprehensive coverage policy to cover the cost of damages to your own truck, which liability insurance does not cover.
Want to read more about commercial truck insurance blogs? Why not learn more about various truck insurance coverage options?
Insurance coverage is often considered complicated and confusing. Commercial truck insurance is no exception. This is because the truck industry is highly diversified and many regulations exist to govern it.
The many forms of commercial truck insurance provide motor carriers and independent owner/operators with all the coverage they need to protect themselves and their assets.
The following are several examples of coverage options for both large companies and independent haulers.
General Liability
This coverage protects company employees and vehicles with liability coverage. Damage and injury costs are covered for employees and employers are given protection against lawsuits from accident victims.
Primary Liability
This type of coverage is required by federal regulations and covers damage and injury costs incurred by third party motorists involved in accidents caused by commercial truck drivers.
Physical Damage
Independent drivers are encouraged to purchase these policies in order to protect their own assets, such as their trucks. Damages caused by fires, theft, vandalism, and accidents will be covered up to a certain amount.
Non-Trucking Insurance
This form of liability insurance is a more cost-effective form of coverage for independent drivers. It covers drivers when not on active dispatch and therefore not covered by their contracted employer’s policy.
Trailer Interchange Insurance
This coverage is for instances in which trailers are being exchanged between two different companies. Trailer interchange coverage will cover the cost of any damages to the trailer or its cargo while being hauled by an outside party.
Want to read more about commercial truck insurance? Check out this other blog post about other trucking insurance options.