New Hampshire Truck Insurance

NH License #: 3001638130


Concord | Keene | Manchester | Nashua

New Hampshire Commercial Truck Insurance

Trucking plays an integral role in New Hampshire's economy and transportation infrastructure. With major interstates like I-93 and I-95 crossing the state, New Hampshire sees significant commercial truck traffic hauling goods to and from the Northeast region. According to recent statistics, trucking accounts for over 77% of total manufactured tonnage transported throughout New Hampshire.

With so many trucks on the roads, having proper insurance coverage is crucial for New Hampshire trucking companies. New Hampshire requires all commercial vehicles to carry minimum liability insurance and optional collision and comprehensive coverage. However, the state's proximity to Canada and the sheer volume of timber, fuel products, and general freight coming through the state mean extra protection is advisable. Factoring weather risks also incentivizes robust coverage, as New Hampshire sees heavy snowfall totals that can impact winter driving.

At The Insurance Store, we understand the insurance needs of New Hampshire's thriving trucking industry. We offer trucking companies customized coverage options to protect their investments in equipment while also guarding against liability from accidents or cargo damage, risks that come with over-the-road operations. Our agents have experience working with local truckers to provide policies with adequate coverage at competitive rates.

Understanding New Hampshire Trucking Insurance Coverages

With its bustling freight industry, New Hampshire trucking companies need ample insurance protection for their rigs rolling along the Granite State's highways - from basic liability to more robust bundled policies covering collisions, cargo, and beyond.

  • Auto Liability

    Auto liability insurance is required for commercial trucking companies operating in New Hampshire. This coverage helps pay for damages if one of your trucks is involved in an at-fault accident that leads to property damage or injuries. For example, if one of your semi trucks rear-ends a passenger car, your auto liability insurance would pay for the damage to the other vehicle as well as any medical bills for the occupants if the accident was caused by your driver's negligence. New Hampshire requires minimum auto liability limits of $750,000, which is higher than most states due to the increased risk posed by large commercial vehicles. It’s important for trucking companies to carry adequate coverage in case a major accident occurs.

  • Physical Damage

    Physical damage coverage, sometimes called comprehensive and collision coverage, pays to repair or replace your own commercial trucks if they are damaged. For example, if one of your semi trucks is involved in an accident caused by another driver and sustains $50,000 in damages, your physical damage coverage would pay to repair your truck regardless of fault. It also covers damage your trucks suffer from non-collision events like fires, floods, vandalism, or even hitting a deer. This coverage is important for protecting your business assets - your commercial vehicles. New Hampshire does not require physical damage coverage, but it is highly recommended as replacing or repairing heavy trucks is very expensive. Many truck leasing companies or lenders even require you carry this coverage. Having adequate physical damage makes sense, even with well-maintained trucks and experienced drivers. Accidents and other damage happen, so protecting your assets can prevent major out-of-pocket costs.

  • Motor Truck Cargo

    Motor truck cargo insurance protects trucking companies against damage or loss of the cargo they are transporting. For example, if one of your semi trucks is hauling a load of computers from Boston to Concord valued at $150,000, motor truck cargo would cover the cost if those computers were damaged or stolen while in transit. Cargo coverage usually includes perils like theft, vandalism, accidents, and sometimes even weather events. Just like your trucks are valuable assets, oftentimes the cargo you haul is also high value. This coverage helps pay your customer for their lost freight - even if the cause was out of your control. Work with an experienced insurance advisor to determine the typical load values you transport to buy adequate protection. This coverage is especially important for New Hampshire-based carriers hauling high-value products in or out of Canada.

  • Reefer Breakdown

    Reefer breakdown endorsement covers the loss of perishable products in the event that a refrigeration unit malfunctions during transit. For trucking companies specializing in temperature-controlled freight, this is an essential coverage. For example, if you are hauling $80,000 worth of seafood cross-country, and your refrigeration unit stops working due to mechanical issues, reefer breakdown coverage would pay for the spoiled cargo. Make sure any policy has adequate temperature monitoring and evidence standards in case you need to file a claim. Given the high frequency of long hauls for NH carriers and the importance of healthy reefer units, reefer breakdown coverage provides peace of mind that a single mechanical issue won’t upend your business.

  • Non-Owned and Trailer Interchange

    Non-owned trailer coverage protects trucking companies when their drivers are pulling a trailer not owned by the trucking company. For example, if you only own tractors and haul freight in trailers owned by shipping customers, this coverage will pay for damage to those non-owned trailers in your care and custody. Trailer interchange insurance covers the same exposure when two trucking companies agree to use each other’s trailers for better efficiency. If a driver picks up a load using another carrier's trailer, this insurance covers them if the borrowed trailer sustains any damage while hauling freight. These coverages fill insurance gaps for situations where you don’t own the trailer your driver may be liable for. Trailer values can be substantial, so having non-owned trailer or interchange coverage limits adequate to replace most standard trailers is wise. This coverage is common for New Hampshire-based trucking firms engaging in interchange agreements to transport freight into Canada.

  • Non-Trucking Liability

    Non-trucking liability coverage, often called bobtail insurance, protects truck drivers when they are not hauling cargo or en route to pick up a load. For example, if you are driving your rig to a repair shop or heading home after delivering your last shipment of the week in New Hampshire, non-trucking liability insurance would provide coverage in case you were involved in an at-fault accident. Without this supplemental insurance, you could be personally responsible for injuries or property damage from any crashes that occur when your truck is being used for non-business purposes. Non-trucking liability fills this gap to give New Hampshire truckers necessary protection even when a trailer is not attached. For owner-operators and other trucking professionals in the state, it's an affordable way to help safeguard your finances.

  • Excess Liability

    Excess liability insurance provides additional coverage above and beyond what your primary liability policy covers. For example, if you cause an accident with over $1 million in damages but your underlying liability only covers up to $1 million, excess liability would kick in to cover the difference. For New Hampshire truckers carrying hazardous materials or other high risk cargo, having excess liability protection ensures you won’t be personally responsible for catastrophic accidents.

  • Workers Compensation

    Under New Hampshire law, all employers must carry workers compensation to cover injuries, disability, and death benefits for employees who get hurt on the job. For trucking companies based in or operating within the state, having a workers comp policy protects both your drivers and your business finances from being drained due to work-related illnesses, trauma, long recovery times, and related expenses. This coverage is essential for risk management.

  • Occupational Accident

    Occupational accident insurance goes above and beyond workers compensation to also cover injuries that occur during the normal course of work but may not meet the strict eligibility rules of a workers comp claim. For truck drivers, this could include strains from loading cargo, slips climbing in and out of the cab, accidents during training, and more. This extra protection provides wage replacement and death benefits in unfortunate situations not covered under standard policies.

  • General Liability

    General liability insurance is essential for almost any business, including commercial trucking companies based in New Hampshire. It shields your enterprise from financial hardship if you are sued for bodily injury, property damage, personal injury or advertising injury. For truckers, having sufficient general liability limits ensures you won’t lose your business over accidents occurring from non-truck events - like a customer slipping and falling in your office. This coverage is a must, even with proper auto insurance.

Why Choose The Insurance Store for Truck Insurance in New Hampshire?

Family-owned for half a century, the TIS team prides itself on understanding the unique needs of New Hampshire's truckers. With access to numerous A+ rated insurance carriers specializing in commercial truck insurance, we ensure top-notch protection. And with our revolutionary app, TIS24, managing your insurance has never been easier. Issue certificates, access ID cards, or delve into your policy documents anytime, anywhere!

Insurance for Your Operations in the Granite State

From flatbeds to tankers, reefer trucks to dry vans, our vast experience ensures tailor-made insurance programs for a myriad of truck types. Whether you're hauling timber from the New Hampshire forests or fresh produce from its farms, we've got you covered.

Our truck insurance programs cover rigs of all sizes and specialties:

Get Assistance with your NH Truck Permits & Filings

Every state has its set of rules, and New Hampshire is no different. Navigating the maze of truck permits and filings here can be daunting. Our permits division, TIS Trucking Services, is your guiding star, streamlining your commercial trucking permits and ensuring you're always compliant.

Serving New Hampshire and Beyond!

While our expertise is rooted in New Hampshire, our services don't stop at the state line. For truckers venturing into Vermont, Maine, and Massachusetts, we extend our top-tier insurance services, ensuring seamless protection.

Get a Quote for New Hampshire Truck Insurance

So, why wait? If you're on the hunt for the best in commercial truck insurance in New Hampshire and its neighboring states, give our friendly team a shout at 888-570-3130. Let's ensure your journey is as secure as it's successful!

New Hampshire Truck Insurance Quote

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