Operating large trucks requires insurance that has big protections. For Massachusetts businesses with tractor-trailers and similar equipment, there’s semi truck insurance.
Semi truck insurance is specialized commercial vehicle insurance for tractor-trailers. Policies take into account the size and weight of these trucks, as well as the value and weight of their cargo.
Most businesses with Massachusetts-registered tractor-trailers need this insurance. State law generally requires coverage, and tractor-trailer insurance is usually the best choice for large trucks.
Of course, many businesses use tractor-trailers and thus may need this insurance. It’s often used by:
Semi truck policies offer a variety of coverage options that help protect the truck, any cargo and the business. Some common and important protections include:
Some of these may be required by law, lender or customer. Federal law generally requires certain coverages if trucks are crossing state lines. Lenders often require physical damage coverage when a truck is financed or leased, and customers might insist on motor truck cargo coverage.
Regardless of required coverages, businesses are encouraged to get robust coverages for their trucks, drivers and cargo. An insurance agent who specializes in semi policies can help businesses decide exactly what coverages and limits they should carry.
Businesses that transport hazardous materials in tankers can likely find the coverages they need through a tractor-trailer insurance policy. There are special considerations to take into account, however, and not all tractor-trailer policies will work. A policy might need particular terms that include protection for hazmat, or an endorsement that adds on such protection.
An insurance agent specializing in tractor-trailer insurance policies can help make sure businesses get a policy that includes coverage for hazardous materials if such protection is needed.
Premiums for semi trucks depend on numerous factors, such as:
Businesses can find out how much it’ll cost to insure their trucks by comparing policies with an independent insurance agent. Independent agents are able to compare coverage and rates across multiple insurers, simplifying the process of finding a policy that offers necessary protections at a reasonable cost.
If your business requires insurance for tractor-trailers registered in Massachusetts, reach out to the independent insurance agents at Roger Keith & Sons Insurance. We’ll work with you to assess coverage needs, and then find the best semi-truck insurance policy for your tractor-trailer or fleet of trucks.