Arkansas Truck Insurance
AR License #: 3001067325
Arkansas Trucking Insurance
To keep your trucks on the road and turning a profit, you need more than qualified drivers and safe vehicles: You also need insurance to protect them both. It can be daunting to find the right insurance, especially as insurance rates continue to rise. However, it’s no less important now than before; according to the FMCSA, in 2018, the “number of large trucks and buses in fatal crashes . . . increased by 48 percent from its low of 3,432 in 2009.” So it’s not a matter of whether or not you should be insured but how to find the best value for your money while keeping you and yours protected on the road.
Insurance is vital no matter where you drive, but every state has its own special considerations. Let’s review why you need Arkansas truck insurance and why you should use an independent insurance agent when protecting your trucks.
Why do I need Arkansas Truck Insurance?
Truck Liability Coverage
Every state requires trucks to have liability coverage. At its core, liability insurance covers any injuries or damage sustained by the other driver or vehicle involved in an accident. Regardless of what the specific law entails, it is there for your own protection. The last thing you want is to go under due to being sued following an accident. In terms of Arkansas truck insurance, drivers and businesses are required by law to hold a minimum level of liability insurance, determined by what you haul and where. For example, If you don’t cross state lines and your truck is over 10,000 GVW, you must get an Arkansas permit number and maintain a minimum level of insurance.
Physical Damage Coverage
Physical damage coverage is not required by law, but it’s just as necessary as liability coverage. By their nature, accidents involving trucks get expensive quickly. According to the FMCSA, “the average cost of all large truck crashes is about $91,000 per crash.” That average goes up to nearly $200,000 when the crash results in injuries and can even reach millions of dollars depending on the severity of the crash. Physical damage coverage protects you from losses, especially when a truck is put out of commission.
Motor Truck Cargo
To properly cover the commodities they are hauling, for-hire truckers need motor truck cargo insurance. It is generally required by the party who owns the product being transported. This ensures that if their goods are damaged or stolen while in transit, their assets will be covered. Depending on the cargo that is in transport by your big rig, you may need specific endorsements. For example, if you transport refrigerated goods, you will need to make sure you have “reefer breakdown” coverage. This might cover a $50,000 load of frozen chicken when the reefer unit stops running on I-30 in the summer. Of any line of 18-wheeler insurance, cargo insurance is the one you need to understand and pay attention to the most. You usually get what you pay for, and some carriers will make a long list of exclusions that specifically exclude coverage for certain events.
Truckers General Liability
Truckers general liability is similar to liability coverage, but it is slightly different. This coverage can be a bit more confusing, but here is the simplest way to understand it: Truckers general liability is designed to protect your business from damage that might occur when you are not behind the wheel of your truck. On the other hand, your auto liability coverage would cover your business when you are driving. If you have other aspects of your business—such as a quarry or a consolidation warehouse—you will need a more robust general liability insurance policy that considers exposures outside the realm of trucking.
Why Should I use an Independent Insurance Agent?
Find Insurance Programs Specific to Your Needs
Rather than try to make a generic insurance policy fit your specific needs, find a program that already caters to the types of trucks your business uses. For example, TIS specializes in the trucking niche and provides market access to numerous specialty truck insurance programs, including programs for the following:
- Dry van
- Refrigerated goods
- Tow trucks
- Auto transport
- Tanker trucks
- Dump trucks
Instant Certificates of Insurance with our Mobile App
The last thing you want in an emergency is to be stranded in the middle of the night, waiting for an insurance agent to return your call or get back into the office so you can prove your policy. If you knew exactly when or where you would need insurance, you likely wouldn’t need insurance at all. TIS is available 24/7 to issue your certificate of insurance through our mobile app. We’re right there with you for every mile of your journey.
Get Assistance with your Trucking Permits & Filings
With so many laws and regulations, ensuring you stay compliant can be tricky—but not staying compliant can be expensive. At TIS, we know there’s more to an excellent agent than making sure you’re insured, which is why our agents will also help you keep all of your permits up to date. Our permit department is well versed in all of the permits and regulations in Arkansas, and we are constantly watching the ever-changing system for updates that might trip you up. We ensure our clients have all of the necessary permits and keep you informed of all changes made to laws and regulations.
As an independent brokerage, TIS has access to nearly every carrier under the sun. No matter what kind of truck you’re driving, we can partner you with the right carrier for your business. Contact us today to learn more.
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Here is what Our Happy Customers have to say
I'm really pleased with having found TIS and definitely recommend for great customer service and competitive rates! I've switched my personal and commercial auto policies. It's refreshing being treated and valued like a real customer so give them a call!Melissa Monay
LisaMarie & Ann provided the best customer service anyone could ask for. They not only helped with my husband’s trucking insurance they also helped with lowering my auto insurance tremendously with better coverage. Thank you so muchBrandy Frost
People are amazing to work with get stuff handled no bs all there staff is amazing would defiantly recommend to anyone in the trucking industry. Hands down.Shaylee Marie