The 10 Best Insurance Brokers for Trucking Companies - kutzacquisitions.com, Inc

The 10 Best Insurance Brokers for Trucking Companies

  Articles

The 10 Best Insurance Brokers for Trucking Companies

CHRIS KUTZ

Part of being an owner operator is being responsible for your own equipment, as well as your own mistakes - this is why insurance is so important. Everyone has accidents, and even if you haven’t, it’s best to be prepared. Below are some of the best insurance brokers with specialties toward truck drivers, the list assembled through factors that include price, history and cash-out limits.


JSH Insurance
Holding a specialization in trucking insurance since 2014, JSH Insurance is a staple of the Pennsylvania region, as well as the overall northeast. The small and extremely transparent company fully gathers its strengths in risk management and a personable approach to new clients, gathering a sizable amount of capital to take care of owner operators. Coverage includes:

  • Primary Liability
  • Liability Insurance of up to $1M
  • General Liability between $1M - $2M
  • Bobtail Insurance
  • Cargo Insurance (Loss of property with a $1,000 deductible, and road spillage with a $10,000 deductible)
  • Physical Damage with a $1,000 deductible
  • Uninsured/Underinsured Insurance
  • Trailer Interchange with a $1,000 deductible
  • Excess Liability (Umbrella)
  • Contact: 610-636-5078

Pelican Trucking Insurance
In partnership with the larger ISU Lemon Agency, Pelican Trucking Insurance works with drivers in every U.S. state, not only offering insurance but an array of owner-operator services that include free training on how to dispatch and handle book-keeping, in addition to strong network connections. Their slogan reads, The Insurance You Need. The Partners You Deserve. - and they mean it. No information on their website lists what type of insurance plans they include, but you can contact them for more information:

  • Contact: 225-308-9882

Progressive
As the #1 commercial truck insurance company in America, the world-renown Progressive has a lot to boast about. They offer every type of insurance for every type of truck, including box trucks, semis flatbeds, front loaders, and tank trucks, in addition to multiple types of trailer insurance. An easy-to-use interface and national reputability makes this a great go-to for owner operators looking to get it done quick and easy. The company’s popular Smart Haul program also offers a 3% discount in exchange for access to ELD data.

  • Contact: 1-800-944-2420

Lancer Insurance Company
Covering a wide range of vehicles that include regular auto, school buses and limousines, Lance Insurance Company also has a niche broker for long-haul trucking, claiming to go above and beyond the industry norm for unique perks in each policy. Coverage includes:

  • Liability
  • General Liability
  • Physical Damage, with GAP coverage & towing at no charge (excluding NY & VA)
  • Cargo Insurance (Includes debris/pollution removal with a limit of $25K, catastrophic limit of $1M, and free towing)
  • Combined Basket Deductible
  • Deluxe Coverage includes:
    • Family Emergency Travel Coverage
    • Aggregate Deductible
    • Personal Effects Coverage
    • Downtime Loss & Rental Reimbursement (excluding NH)
  • Contact: 516-431-4441

CoverWallet
CoverWallet is a major company located in NYC, and a highly transparent one at that. Known for its affordable base plans that start as low as $150/month, up to $700, the company is especially appealing to new owner operators. A range of insurance types cover trailer interchanges, semis, box trucks, log trucks and car haulers, among others. Coverage includes:

  • Primary Liability, starting at $750K
  • General Liability
  • Theft coverage
  • Workers Compensation (Covers accident, illness, disability and stress injury)
  • Bobtail Insurance
  • Non-Trucking Liability
  • Cargo Insurance starting at $20K, up to $100K (Animals, jewelry and expensive art not covered)
  • Contact: 646-759-0049

Hub International
Hub International is an insurance firm based out of Chicago, and focuses on a wide variety of insurance plans for businesses, families and auto. They are also one of the only brokers in the country to specifically offer an Owner Operator Insurance Plan, in addition to commercial trucking plans. Coverage includes:

  • Liability
  • Bobtail Insurance
  • Physical Damage
  • Workers Compensation/Occupational Accident
  • Cargo or Cargo-Deductible Buyback
  • Passenger Accident
  • Medical
  • Life & Disability
  • Personal Property
  • Contact: www.HubInternational.com/contact-us

AP Intego
An insurance agency focused on operating in the modern world, AP Intego prides itself in being the leading digital insurance, or ‘insurtech’, agency aimed toward small to mid-market businesses. With four national offices and growing, a simple business model, and transparent prices that range from $1,200 - $2,400 annually, you can’t go wrong with this company, especially as an owner operator. Coverage include:

  • Vehicle Damage
  • Medical Expenses
  • Legal Fees
  • Towing & Labor
  • Uninsured/Underinsured
  • Substitution Transportation
  • And more…
  • Contact: 1-888-289-2939

Owner Operator Direct
A trucking insurance that says it all in the name, Owner Operator Direct specializes in helping out start-ups and independent contractors, with a focus on helping out the individual as opposed to appeasing a larger firm. In partnership with Lancer Insurance Company, Owner Operator Direct gears more toward beginners than Commercial Fleets, though both are welcome. Typical plans include the following coverage:

  • Liability Insurance
  • Combined deductible for Tractor, Trailer and Cargo incidents, with a Catastrophic Limit of $1M
  • Bobtail Insurance
  • Debris and Pollution Removal with a Limit of $25K
  • Expense Coverage for Towing, Traffic and Security
  • No Co-Insurance Penalty
  • 24/7 Customer Support
  • Contact: 1-855-495-9036

Classic Truck Insurance
Operating out of Knoxville, Tennessee since 1987, Classic Truck Insurance is as dedicated to their customers as they are to their staff. Covering thousands of commercial truckers from across the country, the insurance company knows how to perfectly tailor plans for small to mid-size companies, with a focus on Semi-Trucks, Log Trucks, Dump Trucks, Tow Trucks and Cement Trucks. Their mission states they want to get you up and running, fast and safe. Coverage includes:

  • Liability
  • Non-Trucking Liability
  • Physical Damage
  • Cargo
  • Bobtail Insurance
  • Classic Truck Insurance ranging from 50-mile to unlimited
  • 30-Day Short Term Insurance
  • Contact: 1-888-498-0255

Insure My Rig
Insure My Rig is a subsidiary of Roemer Insurance, the latter assisting fleets since 1934. With specially tailored plans geared toward semi-trucks, and a soft spot for smaller fleets and owner operators, the company is eager to talk to new and ambitious drivers. Boasting a clientele that’s almost 100% trucking, and in partnership with organizations like The Ohio Trucking Association and West Virginia Motor Truck Association, the company has built a strong name for itself in the rural Midwest and Appalachia regions. Also offering some of the best competitive pricing on the market, you’ll be in good hands. Coverage includes:

  • Primary Liability
  • Physical Damage
  • Bobtail Insurance
  • Motor Truck Cargo
  • Occupational Accident Insurance
  • And more…
  • Contact: 1-888-931-1934

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