From FMCSA-required liability to equipment breakdown — every coverage type your commercial trucking operation needs, explained clearly.
FMCSA requires a minimum of $750,000 in primary auto liability for non-hazmat freight. Most brokers and load boards now require $1,000,000 CSL before awarding loads. This coverage pays for bodily injury and property damage to third parties in an at-fault accident.
At bind, we handle the BMC-91 electronic filing directly with FMCSA — your authority activates once the filing is accepted, typically within 24 hours.
Physical damage covers repair or replacement of your power unit after collision, fire, theft, vandalism, hail, or rollover. Includes comprehensive (non-collision) and collision coverage. Required by lenders and leasing companies if your truck is financed.
Available on all truck classes — from hot shot pickups and 3/4-ton diesels to Class 8 semi tractors. Stated value or ACV basis depending on truck age.
This is the critical coverage many operators overlook — your commercial auto liability covers other people's property, but NOT your trailer. Trailer physical damage is a separate coverage that protects your owned trailers from collision, overturn, fire, theft, and weather damage.
We can schedule all trailer types: flatbeds, goosenecks, bumper-pulls, enclosed trailers, dry vans, reefer trailers, lowboys, and specialized equipment trailers. Multi-trailer fleet schedules are handled under one policy.
Cargo insurance covers the freight you're hauling against loss, theft, or damage while in your possession. Required by brokers and shippers before loads are assigned. Limits typically start at $50,000 but oilfield equipment, machinery, and electronics often require $100,000–$250,000.
Trailer interchange covers physical damage to trailers you operate under a written interchange agreement — trailers you don't own but are contractually responsible for. Without it, damage to a non-owned trailer is your financial responsibility.
Equipment breakdown covers mechanical and electrical failure of trailer systems — primarily reefer (refrigeration) units and hydraulic liftgates. Standard physical damage policies exclude mechanical failure; equipment breakdown fills the gap.
A single reefer compressor failure can cost $15,000–$40,000 in repairs plus cargo spoilage. Equipment breakdown coverage turns that into a manageable deductible.
General liability covers non-auto incidents — customer injuries at your facility, property damage during loading/unloading operations, and advertising injury claims. Separate from commercial auto; required by many shippers and commercial contracts.
Our specialists will review your full operation — truck, trailers, cargo, and employees — and build a program that covers it all.
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