Whether you just purchased a single 18-wheeler for driving as an independent contractor or are planning on buying an entire fleet to start a transportation company, you’ll need commercial truck insurance. This coverage will protect your investment in many different scenarios. To help you build an effective policy, here is an overview of what you’re required to have in New York and your additional options.

State Requirements

The Federal Motor Carrier Safety Administration imposes minimum coverage requirements for commercial vehicles. These depend on the weight, type of cargo (or seating capacity), and travel route of your fleet. The state of New York also requires liability coverage to register a vehicle with the Department of Motor Vehicles (DMV). 

Coverage Options for Commercial Use

Trucking companies need sufficient coverage for damage to others, damage to drivers, and damage to their cargo. Primary liability insurance covers bodily injury and property damage that others incur, whereas no-fault insurance covers injuries that those inside the truck sustain. Uninsured motorist coverage can also compensate truckers in the event of an accident with an underinsured or uninsured driver.

To cover damage to the truck, you’ll need collision and comprehensive physical damage policies. Collision coverage will pay for damage caused by car crashes, whereas comprehensive coverage will kick in if you experience theft, fire, flooding, or vandalism. 

Finally, a motor truck cargo insurance policy will protect the contents of the trailer in the event of a wreck. Although this type of coverage is not required by law, many motor carriers require their contractors to maintain an active policy. 

For affordable truck insurance, turn to Mazzola Insurance. Operating out of Rochester, NY, this independent insurance agency works with all the biggest carriers to provide competitive rates. Their knowledgeable agents will help you find a policy that’s tailored to your circumstances and needs. Visit their website to get a free quote for truck insurance or call (585) 266-7130 to schedule a consultation.