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    Commercial Truck Insurance
    Pennsylvania Commercial Trucking Insurance

    Pennsylvania Commercial Trucking Insurance

    It's no surprise that 13 out of every 1,000 jobs in Pennsylvania are in the trucking industry, given that ports and commercial hubs surround the state. Pennsylvania's transportation industry ranks third in the nation and is booming.

    With 80,000 drivers in Pennsylvania, it is not unexpected that there are numerous trucking companies there. Despite the importance of commercial trucks to your company's service delivery strategy, they subject you to liability. You require a Pennsylvania truck insurance policy that protects you from financial disasters caused by injuries, accidents, lost cargo, property damage, and other forms of claims.

    Requirements For Commercial Trucking Insurance In Pennsylvania 

    Local truck drivers and new businesses are required by Pennsylvania law to carry a minimum amount of liability insurance. The quantity required depends on the type and location of the freight transported. If you never cross state lines, you must acquire a PA PUC # and carry the following minimum insurance coverage:

    $750,000Liability Insurance (General Freight)
    $1,000,000Liability Insurance (Oil Transport)
    $5,000,000Liability Insurance (Hazmat)
    $300,000Liability Insurance (Household Goods)
    $5,000 per vehicle cargo insuranceCargo Insurance (All Carriers)

    The insurance requirements for interstate truck drivers are more stringent. In addition, you must adhere to all FMCSA-recommended DOT truck insurance requirements. Federal liability limits often range from $750,000 to $1,000,000.

    Your insurance agent must submit specific paperwork to both Pennsylvania and the USDOT. Your insurance agent or company should handle these files on your behalf. These forms notify the government that you have met all semi-truck insurance requirements. They must be submitted prior to receiving authorization. Examples include:

    • The BMC-98
    • Form H
    • Form MCS-97
    • Form E

    Types Of Coverages Related To Commercial Trucking Insurance

    During the application process for trucking insurance, you will be presented with many coverage alternatives. Some coverage is required, while others can be tailored to your needs. While specific details may vary among insurers, the following coverage types are fairly standard:

    CollisionA policy that protects your truck and other vehicles in the event of a collision.
    ComprehensiveThis insurance covers damages or losses not caused by accident, such as vandalism, theft, and fire.
    LiabilitySafeguards you against financial loss stemming from a third party's bodily injury or property damage.
    Cargo InsuranceProtects against loss due to legal liability for damage to products in your care and custody during transit.
    Non-Trucking CoverageThis is for expenses not directly associated with the trucking operation. The coverage would encompass occupational accident insurance for truck drivers as well as insurance for truck drivers without cargo (i.e., the cargo has been delivered).

    Cost Of Commercial Trucking Insurance In Pennsylvania 

    In Pennsylvania, the average cost of commercial truck insurance is $14,055.

    The average premium ranges between $12,247 and $17,631.

    These rates are based on truckers with a single truck who may need cargo, liability, and physical damage insurance. Different factors affect the price, including the type of cargo transported, the driver's driving history, and the length of time in business.

    Other Insurance Types

    Your agent can assist you in selecting the appropriate liability coverage to ensure compliance with federal and state laws. They may also suggest additional coverage according to the nature of your trucking operation.

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    Assured Standard will protect your business with the right insurance, depending on your needs. Now more than ever, it’s crucial to have the right general liability insurance experts on your side. Protecting the future of your business starts today.
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