Page 32 - Webinar workbook

3. Non-trucking Liability Insurance

• Non-trucking liability insurance covers damages and injuries to third parties that occur
when you’re driving your truck for non-business purposes, such as running personal
errands. If you have a truck accident when you’re not working, non-trucking liability pays
for the other person’s medical bills and property repairs.

• This coverage is primarily for drivers under lease with a motor carrier. Even though they
are typically covered by their motor carrier’s general liability insurance, that policy is only
for business activities like hauling cargo, dead-heading, or traveling for maintenance.
Drivers still need non-trucking liability insurance to cover non-business driving.

5. Physical Damage Insurance

• Physical damage insurance pays for damages and repairs to your truck caused by certain

covered perils including accidents, natural disasters, theft, and vandalism. It’s not legally
required, but it is recommended for all drivers. Plus, most lenders require physical
damage insurance for financing.
o Physical damage insurance comes in two parts:

1. Collision: Pays for damage to your rig when it collides with another vehicle.

2.Comprehensive: Pays for damage caused by most other perils, including theft,
hail, vandalism, and fire.

• All owner-operators need physical damage insurance to protect their investment in their
trucks, and this includes drivers under lease. Most motor carrier’s liability insurance
extends to drivers, but that doesn’t cover physical damage to the driver’s truck.

6. Motor Truck Cargo Insurance

• Motor truck cargo insurance covers your responsibility for the cargo you carry, typically
paying out when it’s lost or damaged. The coverage is not a legal requirement, but it is
recommended for all owner-operators and for-hire motor carriers.

Common triggers for motor truck cargo insurance include:

• Fire • Water damage
• Collision • Equipment breakdown

• Theft • Striking of a load

32
Email: truckitright2@gmail.com Website: www.truckitright.com Phone: (323) 301 6531