Understanding Commercial Trucking Insurance in the state of Pennsylvania What insurance coverages do you need as a trucking company in Pennsylvania?
As a trucking company in Pennsylvania, you need a range of insurance coverages to ensure full protection and compliance with state laws. Key coverages include Liability Insurance to cover damages or injuries to others in an accident, Cargo Insurance for the goods you're transporting, Physical Damage Insurance for your own vehicle damage, and Non-Trucking Liability for when you're using your truck for non-business purposes.
Depending on the nature and size of your operations, additional coverages like Workers' Compensation might be necessary. The premiums for trucking insurance in Pennsylvania vary widely based on factors like the types of goods hauled, driving records, and the coverage limits you choose. On average, premiums can range from as low as $17,228.00 to as high as $32,395.60 per year, ensuring there's a plan to fit a variety of needs and budgets.
Pennsylvania trucking insurance coverage Need to know more?
In Pennsylvania, it's essential to consider specialized forms of truck insurance based on the specific nature of your operations. This could include bobtail insurance, reefer truck insurance, or coverage for particular types of commercial trucks like tow trucks or moving trucks, each with their own unique legal requirements under Pennsylvania law.
Factors like your driving record, the types of cargo you transport, and other variables will influence your insurance needs. Additionally, Pennsylvania state regulations may dictate specific coverage requirements.
To fully understand your legal rights and obligations as a truck driver and owner in Pennsylvania, consulting with organizations like these is advisable:
- Federal Motor Carrier Safety Administration
- Pennsylvania Department of Transportation
- Pennsylvania Department of Insurance
These entities can provide valuable information tailored to the unique trucking landscape of Pennsylvania.