If you providing cargo hauling services under a bill of lading in Texas you are required by state law to carry Texas commercial truck insurance. You’ll have to provide proof of commercial truck insurance coverage in order to secure a Texas Commercial Drivers License.
The basic Texas commercial truck insurance requirement is commercial auto insurance, which provides any business-owned or leased commercial truck with coverage for property and personal damages to others. Depending your policy, your commercial truck liability insurance may also include collision and damage coverage for your vehicle.
Texas commercial truck policy will typically include this coverage:
- Bodily injury liability covers bodily injuries to others caused by a truck owned or operated by you.
- Property damage liability pays for property damages caused by a truck owned or operated by you.
- Medical payments for hospitalization, doctor treatments and similar expenses are covered for anyone who is accidentally hurt while riding in or getting in or out of your truck.
- Personal injury protection or PIP is the part of your Texas commercial truck insurance that covers medical, hospitalization, rehab, loss of income and loss of services fees that result from injury to you or any family member who lives with you in the event of an accident or injury while operating your commercial truck. If you or a resident family member die as a result, your Texas commercial truck insurance may also pay death and survivor benefits.
You may also want to look into optional commercial auto insurance coverage to provide the broadest protection for yourself and your assets. These include:
- Comprehensive and collision coverage for the loss or damage to your truck. These policies typically have deductibles set by you.
- Uninsured and underinsured motorist coverage allow you to recover bodily injury damages from an accident caused by another, legally liable driver who has no insurance or insufficient insurance.
- Additional expense coverage (for rental cars, food, lodging, etc. while your truck is inoperable).
- Hired auto liability coverage provides liability for trucks hired under contract by you or loaned to you.
- Hired auto physical damage coverage is a short-term policy that covers any commercial vehicle you rent, borrow or lease to use for business.
- Employer’s non-ownership liability coverage is for private-passenger vehicles used by anyone to do business on your behalf.
- Motor truck cargo legal liability is a form of Texas commercial truck insurance that pays for any damages to cargo or loss of cargo you’re responsible for.