Idaho Truck Insurance
Why do I need Idaho Trucking Insurance?
Trucking in Idaho has become more complicated in recent years. With the population explosion in the Treasure Valley, traffic has steadily increased, and more traffic means more dangerous driving conditions. And while you do what you can to prevent accidents—hiring only qualified drivers and keeping your vehicles in tip-top shape—accidents will happen. It’s best you be ready when they do. And that means being insured.
With rising insurance rates, finding the right insurance can be daunting. But 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.
Let’s take some time to go over why you need Idaho truck insurance and how an independent insurance agent can be of help in finding the right plan for you.
Idaho Commercial Truck Insurance
Truck Liability Coverage
Trucks must have liability coverage no matter where they drive. It covers any injuries or damage sustained by the other driver or vehicle involved in an accident. In Idaho, truck drivers and businesses are required by law to hold a minimum level of liability insurance, determined by what you haul and where. Regardless of the law, liability insurance is there for your own protection. The last thing you want is to be left alone to foot the bill for your legal defense if you’re sued following an accident.
Physical Damage Coverage
Physical damage coverage may not be required by law like liability coverage, but your business likely won’t survive without it. Even if the other party’s damages are covered, you have your own to worry about. 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. But physical damage coverage protects you from losses, especially when a truck is put out of commission.
Motor Truck Cargo
Motor truck cargo insurance is needed by for-hire truckers to properly cover the commodities they are hauling. 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 ice cream when the reefer unit breaks down halfway between Rexburg and Boise 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
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. 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 Idaho Truck Insurance Agent?
Find Insurance Programs Specific to Your Needs
Buying insurance can be like buying a coat: You want one that’s just the right size. After all, you don’t want to be paying for features you don’t need. So instead of finding a generic insurance policy, find one that caters to the trucks your business already uses. For example, TIS specializes in the trucking niche and provides market access to numerous specialty Idaho truck insurance programs, including programs for the following:
- Auto Haulers
- Box Trucks
- Cement Mixers
- Commercial Vans
- Dry Van
- Dump Trucks
- Garbage Trucks
- General Freight
- Heavy Haul
- Hot Shots
- Long Haul
- LTL Trucking
- New Ventures
Instant Certificates of Insurance with our Mobile App
Insurance is necessary because we cannot predict the future. You never know when an accident will occur, and you’ll need to prove coverage. When that moment does come, you don’t want to be left at the mercy of someone else’s schedule: You want immediate access to your policy. For our part, TIS is available 24/7 to issue your certificate of insurance through our mobile app. Regardless of where you or your drivers may go, 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. The right agent won’t only make sure you’re insured but will also help you keep all of your permits up to date. At TIS, our permits department is well versed in all of the permits and regulations in Idaho, 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 Idaho trucking permits and keep you informed of all changes made to laws and regulations.
Commercial Transportation & Truck Insurance in 48 States
TIS is licensed in all states and has access to nearly every carrier under the sun. We have commercial truck insurance markets for the states bordering Idaho including Washington, Oregon, Nevada, Utah, Montana and Wyoming. No matter what kind of truck you’re driving, we can partner you with the carrier right for your business. Contact us today to learn more.
Idaho Truck Insurance Quote
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