Serving Clients Throughout The Country
In order to get the best coverage at the best price for your commercial trucking business, you need to work with agents that specialize in truck insurance. The insurance advisors at Doyle & Ogden have spent the last 35 years insuring owner operators and trucking companies throughout Michigan and the rest of the country. Protect your truck and livelihood with a policy that will provide you with the peace of mind you deserve.
Truck Insurance For Any Circumstance
Doyle & Ogden specializes in providing truck insurance for trucks and business models of various types and sizes. The business structure you’re operating under may affect the types of coverage you’ll need or want.
Owner Operator Insurance
Owning your own rig provides a wonderful sense of freedom, but it also comes with a lot of responsibility. Having sufficient insurance to protect your investment is absolutely crucial.
Often, motor carriers will provide primary liability insurance while you’re working for them under permanent lease. Some motor carriers may also offer additional coverage options, but you can usually get a better deal buying the coverage yourself.
Motor Carrier Insurance
Motor carrier insurance is uniquely designed to fit the needs of for-hire truckers. Motor carrier insurance will help you protect your investment and your livelihood as an independent contractor.
If you are permanently a leased independent contractor, the motor carrier you’re working for may be providing primary liability insurance. However, you may still need to purchase non-trucking liability and physical damage coverage on your own.
Private Carrier Insurance
As a private carrier, you have the responsibility of hauling goods for an employer in your own truck. You’ll need to purchase liability insurance, but there are other coverage options you’ll want to consider.
Fleet Truck Insurance
Fleet trucking companies depending on the size all have different needs that must be met. No matter if you operate a small fleet or a large one, the knowledgeable advisors at Doyle & Ogden can tailor an insurance plan that fits your needs.
Types Of Truck Insurance Coverage
If you’re searching for commercial truck insurance, you’ll quickly find that there are many different coverage options that extend beyond auto liability coverage. An insurance agent can listen to your needs and help you determine the level of coverage that is right for you. Various types of commercial truck coverage are detailed below.
General Liability Coverage
If you are a for-hire trucker or a motor carrier, you will most likely need general liability coverage. General liability coverage pertains to broad 3rd party liability coverage that will protect you if injuries or property damage occurs as a result of a business-related activity that are not directly related to truck operation. Situations where general liability insurance can provide coverage include slip and fall injuries on your premises, damage resulting from erroneous delivery of products, injuries or damages on the premises of others caused by the insured, and more.
Physical Damage Coverage
Physical damage coverage offers protection for your physical truck. If you’ve financed your truck, your lender will likely require you to purchase physical damage coverage to protect their financial interest.
Gap insurance should be considered if you’ve financed the purchase of an expensive commercial truck. If your truck is damaged or totaled, it’s possible that the depreciated value will end up being less than the amount you still owe on the truck. Gap insurance will provide enough coverage to allow you to pay off your loan.
Equipment coverage can be added to a physical damage policy. As the name implies, equipment coverage will protect your equipment, such as chains, electronic equipment, tarps, etc.
Motor Truck Cargo Insurance
Motor truck cargo insurance protects the cargo you haul. You’re not required by law to carry cargo insurance, but customers and shippers will normally require that you do.
Bobtail/Non-Trucking Liability Insurance
Bobtail or non-trucking liability insurance kicks in when you are driving your rig for non-commercial reasons. Non-trucking liability insurance is designed for independent owner operators who are leasing their services and already have company-provided liability insurance that is only valid while the truck is being used for work.
Occupational Accident Insurance
When purchased, occupational accident insurance provides truck drivers and their families supplemental compensation in addition to workers’ compensation benefits when a work injury occurs. Occupational accident insurance can also be set up to provide benefits for non-work related injuries as well.
Non-Owned Trailer Coverage
Non-owned trailer coverage covers any damage the trailer hitched to your rig sustains if it is owned by another person or company.
Of course, these are just a few types of additional coverage to consider. There are many other coverage options including, trucking pollution insurance, trucking crime insurance, roadside assistance, and more. It’s best to speak to an advisor to get a full overview of your insurance options.
Commercial Truck Insurance Requirements
Commercial truck drivers and companies must abide by Michigan’s insurance requirements. Interstate truckers must also meet federal requirements. Both state and federal requirements only pertain to public liability insurance. Federal requirements are as follows.
Federal Commercial Truck Insurance Requirements
|Type of Freight||Minimum Limits|
|Non-hazardous freight moved in a vehicle under 10,001 lbs.||$300,000|
|Non-hazardous freight moved in a vehicle over 10,001 lbs.||$750,000|
|Oil moved by for-hire and private carriers||$1,000,000|
|Other hazardous materials moved by for-hire and private carriers||$5,000,000|
Michigan Commercial Truck Insurance Requirements
Michigan state requirements are more or less directly in line with federal requirements.
|Type of Freight||Minimum Limits|
|Other hazardous materials||$5,000,000|
Outside of public liability insurance, there are no legal requirements to purchase any other kind of coverage. Nevertheless, it’s in your best interest to consider additional coverage options.
Factors That Affect Your Commercial Truck Insurance Rates
The cost of owner operator insurance varies depending on a number of factors. Factors include vehicle, operating radius, driving history, coverage needs, location, and business type. Actuaries will take these factors and more into account when setting premiums for policies.
Why Choose Doyle & Ogden As Your Commercial Truck Insurance Provider?
Our expertise is based on a well-trained, experienced, professional staff with a conscientious attitude toward serving our clients. We rely on the satisfaction of our customers. Why do truckers choose Doyle & Ogden time and time again?
Experience – 35 years of insuring Owner Operators and Trucking Companies guarantees you will be provided with the best coverage for the best price.
Dependable – As an Independent Insurance Agency we have multiple carriers to choose from which makes YOU, not the carrier, our #1 priority.
Innovative – The trucking industry is full of complex laws and regulations. We supply our customers with the best service through the sharing of ideas and education which enables us to recommend solutions that benefit their bottom line.
Contact us today to see how Doyle & Ogden can help provide you with outstanding trucking insurance through the U.S.A