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Cargo, Prorate, Fleet Insurance
Cargo
Prorate
Fleet
A & T provides Truck Insurance for owner operators in the commercial truck insurance industry. We have an experienced
staff that are ready to assist you in many of your commercial truck insurance needs
Cargo Insurance
- Primary Liability:
Primary Liability Insurance coverage protects you from damage or injuries to other people as a result of a truck accident. This coverage is mandated by state and federal agencies and proof of coverage is required to be sent to them. We provide coverage limits ranging from $35,000 to $1,000,000. Pricing is dependant on region, driving records, and history of the trucking operation. For a more detailed description of this coverage visit our information center.
- Physical Damage:
Physical Damage Insurance is coverage for your truck and trailer. This coverage is for repair or replacement for damage resulting from things such as collision, fire, theft, hail, windstorm, earthquake, flood, mischief, or vandalism to your owned vehicles. Pricing is based on the value of your equipment and usually pays a percentage of that value. This coverage may be required by the lien holder of your vehicle.
- Motor Truck Cargo:
Motor Truck Cargo insurance protects the transporter for his responsibility in the event of damaged or lost freight. The policy is purchased with a maximum load limit per vehicle. Coverage limits can range from $10,000 to $100,000 with excess policies available upon request. Pricing for this insurance is mainly dependant on the type of cargo being hauled.
- Trailer Interchange:
Trailer Interchange Insurance is coverage for the legal liability of truckers for loss or damage to non-owned trailers and equipment which are in the insured's possession under a written trailer interchange agreement.
- Non-Trucking Liability:
Non-Trucking Liability (Bobtail Coverage) provides limited liability insurance for owner-operators who are permanently leased to an ICC regulated carrier. It provides limited liability protection when the owner-operator is not on dispatch, nor pulling a loaded trailer. For example, this coverage would apply when the owner-operator gets their truck washed or brings their trucks into a shop for repairs. Once the owner-operator is under dispatch, they are covered under the Primary Liability insurance policy of the company that they are leased to.
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Prorate Insurance
Prorate plates are issued for commercial vehicles that regularly travel within two or more jurisdictions in Canada and/or the U.S. ICBC collects the full annual license fee and then sends the "pro rated" amount to each of the declared jurisdictions based on the mileage traveled. This exempts carriers from having to buy permits when they enter a jurisdiction that is a member of the International Registration Plan.
Are you eligible? You may prorate your vehicle(s) if they:
- travel within two or more IRP jurisdictions, and
- are used to transport cargo or passengers for hire.
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Fleet Insurance
Fleet insurance is automotive insurance for a fleet of 5 or more vehicles. By combining all your vehicles onto one policy your premium discount is based on the overall accident record of the fleet (not the individual drivers) and can be as high as 63%. If your fleet has more than 19 vehicles you MUST convert to an ICBC fleet policy.
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