What Does CAC Stand For In Trucking Insurance

What Does CAC Stand For In Trucking Insurance
by Arthur Williamson

For trucking businesses looking to invest in trucking insurance, it is easy to get confused by the different coverage options out there. For instance, there are many differences between non-trucking liability insurance and bobtail insurance, so investing in both can provide a more effective safety net for your company.

With all the hazards in the trucking industry, it is better to be safe than sorry in terms of insurance coverage. Combined additional coverage or CAC or refers to physical damage coverage outside of truck collisions with another vehicle or object. Many trucking businesses choose to invest in fire and theft with combined additional coverage insurance. 

Fire and Theft with Combined Additional Coverage (CAC) Insurance

Although it isn’t a legal requirement for trucking companies, fire and theft with combined additional coverage can help pay for the cost of truck repair or replacement in certain scenarios, outside of collisions on the road. Depending on your coverage limits, this can include: 

  • Vandalism such as graffiti
  • Vehicle theft 
  • Physical damage caused by fire
  • Physical damage caused by hail or windstorms
  • Physical damage caused by earthquakes 
  • Physical damage caused by floods 
  • Physical damage caused by lightning or an explosion 

Companies that own larger trucks could benefit from fire and theft with CAC coverage in addition to physical damage insurance that covers the cost of repairs due to a collision. However, many companies require you to have collision insurance or liability insurance to purchase fire and theft with CAC insurance as an add-on. 

Learn more about what to do in the event that your trucking insurance is revoked with Assured Standard. 

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