Primary liability insurance is the only coverage for commercial truckers mandated by the Federal Motor Carrier Safety Administration (FMCSA). This is basic coverage and proof of financial responsibility that you must have before you can drive. The purpose of primary liability insurance is to cover claims for bodily injury and property damage that you cause to others while operating your vehicle. It does not cover any losses that you suffer, regardless of who was at fault for causing them.
As much as we wish that we could simply go about our days without any major catastrophes happening, we all have to be prepared for Murphy’s Law: anything that can go wrong will go wrong. When you drive a complex and heavy-duty vehicle like a tractor-trailer, those little mishaps can turn into a complete disaster. Truckers, of course, are often required to travel on highways, some of which are paths less traveled. So what happens if you’re on the highway, miles from the nearest town or city, and your truck breaks down? Or, what happens if you accidentally run off the road? Well, that would be the time to call a heavy-duty tow truck, no?
Truck insurance rates are not the same across the board. Every business is different, so every business is going to pay a different price for their tractor-trailer insurance. There are a lot of factors that influence the cost of semi-truck insurance – insurance carriers look at a lot of details about a business before they will give them a quote. We’ll explain some of the factors that affect the cost of tractor-trailer insurance.
There are a lot of regulations that trucking businesses need to be aware of and follow. The FMCSA (Federal Motor Carrier Safety Administration) is the agency charged with overseeing CMVs and regulating trucks. The FMCSA has the power to intervene with truck businesses in the form of written letters of warning or investigations. But how does the FMCSA decide who to investigate? There are a lot of businesses out there – why would they single out your business?
The FMCSA uses BASIC (Behavior Analysis and Safety Improvement Category) percentiles to prioritize which truck businesses to investigate. What’s a BASIC percentile? Great question. We’ll explain what BASICs are, where they come from, and what could cause your business to get poor percentile scores on your BASICs.
Trucking is a unique industry. There are many different scenarios and risks that you face as a trucker, and that means that you need a variety of insurance coverages to protect you. However, all of these transportation and commercial auto coverages can get a little confusing. There are a lot of them, so they can get jumbled. One type of trucking insurance that you might be curious about is trailer interchange insurance. What exactly is trailer interchange insurance? What does it cover? When and why would you need it? We can answer those questions and shed a little light on this very specific type of coverage.
When you think of poor driving conditions, several things might come to mind. Rain. Snow. Fog. Night-time darkness. But one weather-related hazard for truck drivers that may not be immediately apparent is wind. Semi trucks, in particular, can be affected by wind because they can tip over very easily. We’ll explain why wind is so hazardous for tractor trailers and how you can stay safe in strong winds.
We’ve all seen news reports about trucks – tractor-trailers, especially – rolling over and causing car accidents, injuries, and even fatalities. Rollovers can happen all-too-easily, and it’s important to be aware of how you can prevent them and what raises your risk of having a rollover. By doing so, you keep yourself safer when you’re behind the wheel, and you lower your chances of having a crash that could injure other people. Avoiding crashes can also help you lower your truck insurance rates. We’ll go over some potential causes of rollovers and give you some tips for preventing them.