1st Trust Insurance El Paso TX

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Tailored Coverage for Your Commercial Trucking Operations

Question: What kind of insurance do I need for a trucking company in Texas?

Answer: Liability Insurance. For a trucking company in Texas, one essential insurance coverage you must have is liability insurance. According to Texas law, all trucking companies must carry proof of liability insurance for every registered vehicle they operate. This specific insurance provides crucial protection in case of accidents where someone is injured or property is damaged due to the actions of one of your trucks. It’s a legal requirement aimed at safeguarding both your company and others affected by the operations of your vehicles.

Commercial Trucking Insurance El Paso

Commercial Trucking Insurance Requirements In Texas

Minimum Insurance Coverage Requirements for Commercial Trucking

Meeting the insurance standards for trucks isn’t a one-size-fits-all scenario. The necessary coverage hinges on various factors, such as the type of truck and the cargo it carries. Let’s break down the specific requirements for different truck categories:

Trucks Carrying Under 26,000 Pounds
– For trucks moving household items under 26,000 lbs within Texas, a minimum of $300,000 in liability insurance is mandatory.
– When these trucks transport goods beyond Texas, they must comply with the Federal Motor Carrier Safety Administration (FMCSA) regulations. If the cargo exceeds 10,000 lbs, the insurance requirement jumps to $750,000.

Trucks Carrying Over 26,000 Pounds
– Trucks transporting over 26,000 lbs of household goods need a minimum of $500,000 in liability insurance, adhering to both state and federal laws. FMCSA requirements persist due to the cargo weight surpassing 10,000 lbs.

Trucks Carrying Hazardous Materials
– Trucks transporting any hazardous materials, according to Texas and federal laws, necessitate a minimum of $5,000,000 in liability insurance. Additional insurance might be mandatory based on the substance.

Trucks Carrying Oil
– While oil transportation could fall under hazardous materials, the regulations differ. Trucks carrying oil must maintain at least $1,000,000 in liability coverage as per both Texas and FMCSA regulations.

Understanding these specific insurance requirements ensures compliance and appropriate coverage based on the truck type and cargo it carries.

Commercial Insurance For Trucks in El Paso

Our Tailored Commercial Trucking Coverage Includes:

  1. Liability Insurance: Provides protection against claims for bodily injury or property damage related to your trucks. This coverage is essential for managing the costs associated with accidents or incidents involving your vehicles.

  2. Physical Damage Coverage: Safeguards your trucks against various risks, including collisions, theft, and vandalism. It’s a comprehensive coverage option that helps repair or replace your vehicles in case of damage or loss.

  3. Cargo Insurance: Covers the goods being transported by your trucks. It’s crucial for mitigating financial losses resulting from damage or loss of cargo during transit, providing financial protection for the goods in transit.

  4. Motor Truck Cargo Insurance: Specifically designed to protect the cargo during the entire journey, from departure to the final destination. It’s tailored to the unique risks involved in transporting goods and ensures comprehensive coverage along the route, within El Paso and beyond.

These coverages collectively offer a comprehensive risk management solution for businesses operating in the trucking industry, addressing various potential liabilities and protecting both the vehicles and the goods they transport.

Is there anything specific you’d like to know or explore further about these coverages? Call today (915) 330-5956.

What Our Truck Insurance Policy Does Not Cover?

Here are some examples of things most standard  Truck insurance policies may not cover:

  • Wear and Tear: Regular wear and tear on your truck may not be covered. This includes mechanical breakdowns or damages due to aging.
  • Intentional Damage: Any damage caused intentionally by the insured party is generally not covered by insurance policies.
  • Illegal Activities: Incidents that occur while engaging in illegal activities, such as transporting illegal goods, might not be covered.
  • Unauthorized Use: Damage or accidents that happen when the truck is used by someone not authorized by the policy might be excluded.
  • Personal Belongings: Insurance usually doesn’t cover personal items inside the truck, such as electronics or personal belongings, in case of theft or damage. This coverage component may be added. Please check with your agent.
  • Commercial Use Beyond Policy Limits: If the truck is used for a purpose that exceeds the stated policy limits or guidelines, coverage might not apply.
  • Acts of Nature: Some policies might exclude coverage for damages caused by natural disasters like earthquakes, floods, or hurricanes. Separate coverage might be needed for such incidents.
  • Employee Injuries or Illness: Workers’ compensation usually covers injuries to employees. Truck insurance might not cover these aspects.
  • Trailer Coverage: Some policies may not automatically cover damages to trailers being hauled. Specific trailer insurance might be necessary.
  • Non-Listed Perils: If a specific type of damage isn’t explicitly mentioned in the policy, it might not be covered.

It’s crucial to thoroughly review your insurance policy to understand these exclusions and ensure you have the necessary coverage for your trucking needs. In some cases, additional or specialized coverage may be required to fill these gaps in protection.

Interested

In our Commercial Trucking Insurance?

Cell Phone Number

Cell : (915) 330-5956

our address

2301 N Zaragoza Rd, Suite 214
El Paso TX 79938

email address

commercial@1sttrst.com