Commercial insurance policies are often a bit more complex and nuanced than their personal counterparts, and this absolutely applies to trucking insurance. As an aspiring trucker or a licensed trucker currently looking for work, you might be confused about whether or not you need coverage. More importantly, you might be wondering what degree of coverage you might need. Here’s a closer look at what you should know about trucking insurance and how it pertains to you based on your unique circumstances. If you need support while shopping around for trucking insurance, reach out to us here at Gantt Agency in Farmville, VA. 

When Do You Need Your Own Trucking Insurance Policy? 

So, when are you supposed to get trucking insurance? Let’s look at all the possible scenarios: 

• You Are a W-2 Employee: If you are a trucker who has been hired by a trucking company to transport goods using their vehicles as a W-2 employee, then you’re not obligated to purchase trucking insurance. Your company will be covering its own trucks. 
• You’re a Leased-Owner Operator: If you are a trucker who is a leased-owner operator, you won’t necessarily need comprehensive trucking insurance. However, you likely will need specialized coverage to cover the gaps, such as non-trucking liability or occupational accident insurance policies. 
• You Are an Independent Authority: If you have your own MC number, you will be responsible for purchasing comprehensive trucking insurance. 

Understanding trucking insurance requirements can be a bit confusing, but it’s much easier when it’s broken down and analyzed based on what degree of control you have over your employment and your vehicle. 

Simplify Shopping for Trucking Insurance With Gantt Agency

Do you need support shopping for trucking insurance? We’re always here to help! Compare quotes with us at Gantt Agency in Farmville, VA, today to get covered!