Top 8 Commercial Truck Insurance Companies
Carriers and owner-operators must navigate a dynamic landscape filled with uncertainties — from unexpected equipment failures to road accidents and legal complexities, truckers must be prepared for any roadblocks their business could encounter. That’s where commercial truck insurance comes in.
Commercial truck insurance is a specialized version of insurance coverage designed to protect carriers and their fleets while hauling loads. Let’s briefly go over why it’s essential for truckers to have insurance for semi trucks and other relevant vehicles.
Why having commercial truck insurance matters
If you own, lease, or rent a truck for your business or have employees who operate those vehicles, you’ll need the protection of commercial trucking insurance to keep your company running smoothly.
In trucking, being prepared for the potential of accidents resulting in bodily injury and property damage liability means that the role of insurance is more than just a formality. The umbrella of commercial truck insurance extends to auto liability coverage, comprehensive and collision insurance, general liability insurance coverage, and much more, depending on how many trucks a carrier is responsible for and what kind of trucks they are.
Furthermore, specialized coverage like errors and omission coverage (E&O) and general liability insurance coverage give carriers tailored protection against legal liabilities and oversights that can arise during business. Specialized coverages will vary depending on the specific requirements of each carrier.
Beyond regulatory compliance, commercial truck insurance is an important buffer against unpredictable situations that can emerge on the road. By mitigating the financial fallout of accidents, liabilities, and unforeseen circumstances, this insurance acts as an invisible yet powerful partner in the success and continuity of your ventures, allowing you to focus on your core task of keeping goods moving across the nation.
The best commercial truck insurance companies
Finding the best insurance options for your business is vital to keeping your company running, but it shouldn’t be a hassle. Partnering with semi truck insurance companies should give carriers peace of mind as they run their day-to-day operations.
If you’re a carrier or owner-operator looking for the best trucking insurance, DAT has rounded up our top options for you!
Make sure that you’re investing in the most robust coverage plans and insurance types that ensure you’re protected in every facet of your business. Here are our top 8 options for the best commercial truck insurance providers for carriers to partner with:
- Marquee Insurance Group (MIG)
- Cottingham & Butler
- McGriff Insurance Services, Inc.
- HUB International Limited
- Reliance Partners
- USI Insurance Services
- Road Ready Insurance
- InsureMyRig.com
1. Marquee Insurance Group (MIG)
As DAT’s preferred liability insurance partner, Marquee Insurance Group (MIG) simplifies the insurance process to bring carriers excellent rates from top-tier insurance providers nationwide. They help carriers navigate challenges, identify opportunities, and keep operating costs down while providing convenient coverage options.
MIG utilizes innovative technology to create a hassle-free connected experience for carriers of all sizes, providing access to on-demand certificates and policy information. With streamlined insurance services built for load board, Marquee simplifies the insurance quoting process so truckers can receive a personalized insurance quote faster than the other agents.
With Marquee Insurance Group, carriers can access A+ rated insurance markets, preferred priority status with national provider partners, and instant quote options. Carriers also work with a transportation specialist to find the right fit for your business. Marquee is staffed with certified transportation risk & compliance specialists who have over 100 collective years of experience in the transportation and risk management industry.
Marquee partners with industry leaders to provide exclusive discounts on numerous products and services. Start saving with priority insurance coverages and trucking services all through MIG.
2. Cottingham & Butler
Cottingham & Butler Transportation Group is an insurance and risk management solution provider committed to giving carriers industry-leading services and expertise. They offer many solutions for fleets of any size and provide both traditional and non-traditional insurance solutions.
Cottingham & Butler’s unique approach integrates insurance, safety management, and claims administration into a single entity. This integrated structure benefits trucking companies at any stage of their growth and gives them more options to meet specific needs.
Trucking companies have their own distinct goals and challenges, which is why Cottingham & Butler’s experienced team of consultants is committed to delivering flexible insurance solutions, all while ensuring transparency through every process and communication.
3. McGriff Insurance Services, Inc.
McGriff Insurance Services is a leading provider of business auto insurance solutions. They offer several coverage options to meet the specific needs of trucking businesses, encompassing liability, physical damage, and cargo liability. This coverage protects against the financial implications of accidents, covering costs such as vehicle damage and medical expenses.
McGriff’s commercial auto insurance is a reliable partner, ensuring businesses can navigate challenges confidently knowing their assets are protected and their operations can continue uninterrupted. However, while robust customization options can enhance overall protection for your business, carriers should evaluate their specific needs to ensure the chosen coverage effectively mitigates risks.
4. HUB International Limited
HUB International specializes in motor carriers for hire and will work with carriers to cover drivers, reduce losses and loss-related costs, and protect their company’s bottom line.
HUB’s collision and comprehensive coverage protect against various incidents, from accidents to natural disasters. The company’s specialty is catering to industry-specific needs, including cargo coverage to cover valuable hauls. Additional options, such as non-trucking liability and occupational accident coverage, add a layer of protection even when a truck isn’t actively transporting cargo.
Through strategic and personalized programs, HUB’s specialists focus on aligning the unique needs of carriers with cost-effective solutions. Their coverage spectrum is extensive, encompassing vital aspects like liability coverage, physical damage coverage, motor truck cargo, and much more.
5. Reliance Partners
Reliance Partners offers a suite of solutions catered to the diverse needs of trucking enterprises. Leveraging an extensive network of insurance companies, they craft personalized strategies that align with the unique business goals of carriers. Whether you have a small operation or a large fleet, their coverage accommodates a spectrum of needs. Specializing in API-driven, on-demand coverage, Reliance Partners ensures that businesses receive tailor-made solutions.
With Reliance Partners’ risk management services and safety seminars, they bring extensive industry knowledge about the trends that can accelerate the growth of your business, as well as insights about improving safety, and compliance programs that are key to your company’s success. Stay in control with support from their team on reducing overall risk, loss forecasting, and claims management.
6. USI Insurance Services
USI Insurance Services helps truckers and transportation companies find cost-effective insurance solutions, and their professionals have been guiding truckers and companies toward cost-effective transportation insurance solutions since 1968. They deliver custom risk management programs across a variety of logistics providers, including trucking, warehouse, distribution, brokers, and freight forwarder professionals. They also advise clients on business risks related to automobile liability, cargo, workers’ compensation, property coverage, general liability, and more.
The team leverages its USI ONE platform to analyze client business issues and challenges. It integrates its proprietary business analytics with a network of local and national technical experts in a team-based, consultative planning process to evaluate the client’s risk profile and identify targeted solutions.
7. Road Ready Insurance
Road Ready Insurance Agency is one of the leading general liability insurance companies that aims to help clients understand the various coverage options available to them and help choose the right one for their business needs. Featuring a team of trucking and transportation insurance specialists who are industry experts, carriers can work with an agent that fully understands the trucking industry.
Get coverage for essentials like commercial auto liability insurance or comprehensive collision insurance. In addition, Road Ready Insurance features special programs for various trucking business needs, including small or large fleets, independent owner-operators, and more.
8. InsureMyRig.com
A division of Roemer Insurance, InsureMyRig.com is exclusively dedicated to the trucking insurance needs of owner-operators and smaller fleets nationwide. Their decades of experience and helpful insurance advisors make purchasing commercial truck insurance easier for carriers, with a full line of products and services designed to meet trucking insurance needs.
By partnering with top-tier trucking specialty insurance companies, InsureMyRig.com provides comprehensive insurance plans that encompass essential aspects of trucking, such as primary liability, physical damage, motor truck cargo, and much more. Their focus on simplicity and efficiency means you can get insured and back on the road with ease.
Simplify commercial truck insurance with Marquee Insurance Group.
While there are plenty of solid options for carriers to obtain the best commercial auto insurance, DAT’s commercial insurance partner, Marquee Insurance Group, stands out as one of the premier partners for trucking businesses of any size or truck type. Through innovation, strategic partnerships, and first-rate service, MIG aims to set you on the road to long-term business success.
Join the thousands of carriers nationwide who prefer to work with Marquee. Get insurance today!
Cover the unexpected with DAT and Marquee Insurance Group
DAT has partnered with Marquee Insurance Group to find the right insurance solution for you. Get industry-leading services and programs that help carriers navigate challenges, identify opportunities, and keep operating costs down while providing convenient coverage options.
