Commercial Trucking Insurance in Massachusetts

WHAT IS IT? WHO NEEDS IT? COVERAGES OFFERED

Commercial Property Insurance policies help protects buildings that businesses own more than 5 units, from covered perils. In this way, the policies are like homeowners policies that have been adjusted for the risks and coverage needs of commercial properties.

Businesses that own commercial properties in Massachusetts have significant resources invested in their properties. Those investments need protection from potential disasters offered by a Commercial Property policy.

Business Personal
Property coverage

What is Commercial Trucking Insurance?

Driving commercial trucks comes with significant risks, including everything from lost cargo to major accidents. Commercial trucking insurance can help protect Massachusetts businesses from many of the risks that driving trucks present.

Commercial trucking insurance is specialized vehicle insurance for state-registered commercial trucks. While these policies are similar to auto policies, commercial truck policies frequently have some additional coverages and higher limits that better protect against the larger risks that come with driving trucks.

What Massachusetts Businesses Should Carry Commercial Truck Insurance?

Most businesses that have commercial trucks registered in Massachusetts should carry commercial truck insurance. Insurance is normally required by state law, and this tends to be the most appropriate vehicle insurance option for trucks.

Because almost any commercial truck can be covered by commercial truck insurance, there are many different businesses that might want one of these policies. Some examples of businesses include:

Long-haul and regional transporters
Local and last-mile deliverers
Local and long-distance movers
Heavy equipment services and distributors
Waste management and recycling operations
General and artisan contractors with trucks

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When I called the staff at Paul T. Murphy Insurance, they explained how auto reform would allow me to increase coverage and save money at the same time. I moved my home and umbrella insurance to my current auto carrier and saved over $350. In July 2008 when my auto insurance renews with Safety Insurance, I will save another $300 just for having my auto and home insurance with the same company. The staff at Paul T Murphy Insurance Agency really understands the new Massachusetts reform and how to pass savings and additional coverage to their clients.

Frank

Winchester, MA
After many years of doing business with the Paul T. Murphy Insurance Agency, I am thrilled to learn of this relationship with Northrup to service the Lynnfield area. I have trusted both my personal and business policies with Paul and have never received less than the best of service. I like the face that they service as professionals but treat you like a friend. Recently during a complicated Workers Comp claim, Paul showed up to walk me through what I thought would be a mess of paperwork and confusion – the personalized service I receive spoke volumes. I have never gotten service like that from anyone else. I also like the fact that they are always ready to save me money without ever compromising my coverage.

Tony Bartolo

Lynnfield, MA
One of the best business and personal decisions I ever made was to collaborate with Paul Murphy Insurance Company for our families insurance needs. Starting with our business policies, then eventually all of our personal policies, we have slowly transitioned all to be managed by PMI. Many companies loosely tout that they treat you as one of the family; PMI proves it in their actions. We are glad we are part of their family.

Kelly Ilebode

Boston, MA

Businesses that are unsure whether their vehicles necessitate a commercial truck policy can get guidance from an insurance agent who specializes in this insurance. A specialized agent will have the expertise necessary to review a business’ vehicles and make an informed recommendation.

What Protections Can Businesses Get Through Commercial Truck Insurance?

Commercial truck insurance policies typically come with a range of coverages that protect businesses, trucks, cargo and more. Some prominent coverages that a policy might offer include:

Liability Coverage, which may cover injuries and property damage that other parties sustain during accidents
Physical Damage Coverage, which may cover damage that owned trucks and trailers sustain during accidents or other incidents
Unidentified Trailer Coverage, which may cover damage that non-owned trailers sustain during accidents or other incidents
Trailer Cargo Coverage, which may cover damage to or loss of cargo when the goods are on a truck/trailer
Downtime Coverage, which may extend coverage for the truck to times when it’s parked or otherwise not driven
Non-Trucking Coverage, which may extend coverage for the truck to times when it’s driven for personal use
Uninsured and Underinsured Motorist Coverage, which may cover accidents caused by uninsured drivers

Another term for unidentified trailer coverage is interchange coverage.

What Types of Cargo Does Trailer Cargo Coverage Protect?

The exact cargo that a commercial truck policy’s trailer cargo coverage protects is determined by the terms of that policy. Various policies are available for all sorts of cargo, including both low-value and high-value goods.

A knowledgeable insurance agent can help businesses get trailer cargo coverage that covers their goods well.

How Much Car Commercial Truck Policies’ Premiums?

Because commercial truck policies proved many different vehicles and cargos, premiums for these policies vary dramatically at times. A last-mile delivery service that uses only cargo vans will likely pay much less for coverage than a nationwide freight transporter that moves hazardous materials. Regardless of how much premiums are, however, maintaining coverage is essential.

Some of the details that can impact premiums are the following:

Size of the truck fleet
Make, model and year
Annual mileage driven
Drivers’ license endorsements
Drivers’ driving records
Classes of cargo transported
Regions and states driven in

An independent insurance agent can get customized quotes from different insurers to see how much a business will pay for a policy that meets their needs.

How Can Massachusetts Businesses Get Commercial Trucking Insurance?

For help insuring one or more trucks that are registered in Massachusetts, contact the independent insurance agents at Paul T. Murphy Insurance. Our agents are well-versed in many types of vehicle insurance, and we have the expertise necessary to find commercial trucking insurance that’ll protect your trucks well.

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This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.

What is Commercial Trucking Insurance?

What Massachusetts Businesses Should Carry Commercial Truck Insurance?

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