What Commercial Auto Insurance Form Does General Freight

The cost of motor truck cargo insurance varies widely.

What commercial auto insurance form does general freight. In addition to filing the appropriate form in the op 1 series all applicants for motor carrier forwarder and broker authorities must have specific insurance and legal process agent documents on file before the fmcsa will issue the actual authorities. Additional insured status for a broker on a carrier s cargo policy is of no value. Policies typically have higher coverage limits to account for the increased risk. The motor carrier s insurance is in place as the primary coverage and contingent auto liability is present to pick up a valid claim within the scope of the policy that a motor carrier s policy does not cover or if the motor carrier s insurer becomes.

If your load is accidentally dumped on a roadway or waterway removal expenses coverage our coverage pays for the cost to remove debris or extract pollutants caused by the debris. This insurance is designed to cover on legal fees and or judgments against a freight forwarder. This insurance policy without question requires careful thought and evaluation prior to purchasing. In addition you should constantly evaluate the nature of your freight to make sure the coverage meets the demands.

Commercial auto insurance policies are designed for commercial vehicles that cover a lot of ground. Insurance coverage for freight forwarders that is designed to protect against liabilities from damages and or defense cost in the event that a third party generally a trucking company causes bodily injury or property damage. This type of insurance is typically designed to cover the liability of a freight broker from an auto liability claim on a contingent basis. All coverages are subject to the terms provisions exclusions and conditions in the policy itself and.

Motor truck cargo insurance cargo provides insurance on the freight or commodity hauled by a for hire trucker. This is only a general description of coverages of the available types of commercial auto insurance and is not a statement of contract. Personal auto insurance policies only cover claims related to personal use including your commute and travel unrelated to work. The amount of liability insurance a motor carrier needs is determined by the goods it hauls.

Below is a list of pre registration forms followed by an explanation. The required filings vary based on the types of registrations involved. Details of coverage limits or services may not be available for all businesses and vary in some states. This insurance covers accidents where you or your driver are responsible resulting in damage to another person or another person s property.

Unless you haul household goods the only insurance required by the fmcsa is commercial auto liability insurance. Motor truck cargo insurance. A broker does not transport freight so there is no benefit.