About Insurance and Commercial Auto Insurance as we call it:

Types of Commercial Insurance Coverage.

• Primary Auto Liability insurance is required by State and often Federal regulations. Every carrier must carry liability insurance on every rig even on leased units (Autos). Liability insurance protects you when a third party is injured in an accident. Owner-operators should ask when leasing onto a company who will pay for their insurance - the company or from driver weekly settlements. A suggestion is that they obtain proof of the Leasing company's Insurance. Hoping to be notified if something goes wrong.
• Physical Damage insurance is coverage for your truck and trailer. Your premium is often based on a percentage of the value of your equipment. This coverage is not required by law but if you finance your vehicle the lien holder will require it. Some Companies use the simpler Actual Cash value at the time of the loss. (if you elect stated value and the value is less than the actual cash value... You Lose!)
•  Cargo Insurance covers damage/loss to freight in transit. This coverage can have many exclusions such as unattended vehicle, maximum theft limitations on target commodities such as garments, cigarettes, liquor, wines, beer, electronics and many others.
• General Liability insurance protects the business for any property damage or bodily injury that might occur which does not involve an Auto. This includes accidents at your place of business or caused by an employee on or off premises, including fire damage to property you may be renting; advertising related and/or contractual risks.
• Non-Trucking Liability insurance pays for an accident when the driver/truck is not under dispatch. The coverage is sometimes referred to as deadhead coverage or bobtail liability.
• Non-Owned Trailer Liability coverage protects you from damage or injury caused by the trailer you are pulling for someone else.
• Non-Owned Trailer Physical Damage coverage insures the trailer you are pulling for someone else in the event of loss. $20,000 is somewhat standard for trailers.
• Trailer-Interchange Liability coverage protects a trailer you are pulling when there is an interchange agreement in force. For example with a railroad or a steamship line.
• Terminal Coverage protects freight located at specified terminals in the event of loss. Usually there are time limitations related to this coverage. For example: 72 hours maximum per specified load. If the goods are stored longer than the terminal time you would most likely want to purchase Warehouse Legal coverage. This amount of coverage is dependent on the total amount of goods stored/docked/off-loaded at any one time.
• Warehouse Legal coverage protects goods stored at specified locations in the event of loss. For example as relates to theft, fire, sprinkler damage. This amount of coverage is dependent on the total amount of goods stored at the location at any one time.
• Loggers Property damage, also known as Loggers PD. is usually required for those that work in the Forests. Simply stated, It eliminates the Care, Custody and Control exclusion to property damage arising out of your operation in the forest. (Usually underwritten by Lloyds. a Non-Admitted Insurance Syndicate and the first Insurance Company in the world.).
• We represent Admitted Insurance Companies, unless the Admitted Insurers will not accept the risk.
• Other unusual exposures: Garage Liability and Garage Keepers Legal liability. Some firms do repair work for others. These forms of insurance are to pick up the exposures for the liability for the use of a non-owned automobile (Customer's automobile, trailer, car or truck; for example). Garage Keepers Legal Liability covers the specified perils (or Comprehensive Coverage) and Collision damage that may happen to the customers Truck, Trailer or Automobile)
• Inland Marine Insurance. For those items not designed primarily for use on public roads. (Forklifts, Crawlers, Loaders, Excavators, Skidders etc). The coverage is usually broader than Automobile Insurance provides. The major exclusions are wear and tear, Inherent vice.

I hope you found this little treatise of Insurance Buzz-0words of use.

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