Truck Insurance Solutions Tailored to Your Needs
Comprehensive Coverage for Your Trucking Business
We understand the unique needs of Truck drivers and Freight Companies in the United States, and we’re here to provide you with comprehensive coverage and flexible options.
We offer various financing solutions tailored to your needs, whether you’re a new venture or an established company. We have options that can help you manage your cash flow effectively. Our competitive rates and favorable terms can lower your financing costs and provide the flexibility you need to grow your business.
Speedy certificate delivery – InsurLink 24/7
We prioritize efficiency and understand the importance of having your insurance certificates readily available. With our InsurLink platform, you can access your certificates online 24/7. We make it easy for you to retrieve and share your certificates instantly.
We work with companies with or without experience. International experience is accepted.
If you are new to the industry, your company lacks experience, or your experience is international, don’t worry, we can assist you. For new companies, we provide specialized coverage options tailored to their unique needs.
If you are already an established company, we are the best choice to help you achieve better benefits by renewing your policy with us. We offer competitive rates, excellent service, personalized solutions, and additional services like dispatch and factoring.
Flexible payment options
We understand that managing expenses is crucial for trucking businesses. That’s why we offer flexible payment plans that allow you to divide your premium into manageable installments. By spreading out the payments, you can ease the financial burden and maintain your coverage without any interruptions.
Different types of coverage.
We help you choose the one that best fits your needs.
At Preventty, we offer a range of insurance options to meet the diverse needs of trucking businesses. Our comprehensive coverage includes various types of insurance, ensuring that you have the protection you need in every aspect of your operations. Here are some of the insurance options available:
Auto Liability Insurance
Protect your trucks against third-party damage to people and property. Our liability insurance plans are carefully tailored to your needs, providing suitable and affordable coverage.
Physical Damage Insurance
Safeguard your vehicle and its equipment from damage caused by natural disasters, theft, fire, collision, or overturn. Our physical damage insurance offers primary coverage to secure your valuable assets.
Motor Truck Cargo Insurance
This coverage protects the products or cargo of a third party while in transit, during loading or unloading, against physical loss or damage.
Trailer Interchange Insurance
If you frequently interchange trailers in your operations, this coverage ensures physical damage protection for any type of trailer.
General Liability Insurance
Coverage that protects your business in the event of an accident related to your commercial operations, causing injuries or damage to other people’s property. It also covers damages related to advertising and defamation.
Coverage that protects employees in case of a job-related injury (including death) due to an accident or occupational disease. The compensation is disbursed as per the insurance terms and conditions.
This coverage provides broader protection beyond the established limits or exclusions of the initial policy. For example, it could cover liability in a foreign country, even if the current policy does not extend its territory to foreign countries.
Excess Liability Insurance
This coverage provides additional limits beyond those covered by the Underlying Policy (initial policy). It does not extend the terms or scope of the initial policy but offers higher limits to protect against unexpected and catastrophic events and losses.
Why Choose Preventty for Acquiring Your Commercial Auto Insurance?
We are here to assist you at any time and ensure you get back on the road as soon as possible.
Over 16 years of experience in the market.
We work with over 35 insurance companies with ratings of A, B, Risk retention, and no rate.
We have a team of experts at your disposal. We assign you an advisor to promptly address each of your requirements at any time.
We understands the risks and challenges of operating a trucking business. That’s why we are committed to providing our customers with the best coverage and support possible.
We are confident that with our guidance, you will find a commercial insurance policy that suits the needs and budget of your transportation company, including coverage for accidents, cargo, and liability.
Frequently Asked Questions about Acquiring Commercial Auto Insurance
The process to obtain commercial auto insurance for trucks generally involves the following steps:
Gather the required documentation, such as the vehicle registration and driver’s license of the driver.
Obtain quotes from different insurance companies to compare prices and coverage options.
Provide detailed information about the truck, including its value, make, and year of manufacture.
Evaluate and select the insurance policy that best suits your needs.
Pay the insurance premium and sign the contract.
Several factors can influence the cost of commercial truck insurance, including:
Truck value: The value of the truck is an important factor as more expensive vehicles may require higher insurance premiums.
Vehicle age: Newer vehicles generally get more affordable commercial insurance policies due to their lower likelihood of damages or accidents compared to older vehicles.
Desired coverage: The type and level of coverage you choose will also influence the cost of insurance. The more coverage you want, the higher the premium you are likely to pay.
Location and routes: The geographic area where you operate your truck and the routes you take can also affect the cost of insurance. Areas with higher traffic congestion or higher theft rates may have higher premiums.
Cab scores & violations: Drivers with good driving records and few accidents or violations are more likely to obtain commercial insurance policies at lower rates, while those with poor driving records may face higher premiums or coverage denial.
Depending on the insurance company, you may have access to some discounts on your commercial truck insurance. Some common discounts include:
Clean driving history discounts: If you have a history of accident-free and violation-free driving, you may qualify for a discount on your insurance premium.
Safety equipment discounts: If your truck is equipped with additional safety devices such as alarm systems or GPS tracking, you may be eligible for a discount.
Multi-policy discounts: If you have multiple insurance policies with the same company, such as truck insurance and general liability insurance, you may be able to get a discount for having multiple policies with them.
Prepayment discounts: Some insurance companies offer discounts if you pay your insurance premium in advance instead of making monthly payments.
We have an extensive portfolio of insurance companies in each state we operate in. Our goal is to offer protection options tailored to the needs of each transportation company. Currently, we have access to over 35 insurers.
We work with a wide variety of insurance companies, which have different ratings ranging from Non Rated, Rate B, and Rate A. These ratings are provided by specialized credit companies in the insurance industry, such as AM Best or Demotech. Both evaluate the financial solvency of insurers to establish the probability of the company fulfilling its obligations to the client in the event of an accident. We can also access Risk Retention Groups if necessary. It’s important to note that each transportation company is unique, as each has particular characteristics such as loss history, driver records, types of trucks, transported commodities, etc. This determines the type of company that can insure them, as each insurer has a different risk appetite.
Yes, we have the knowledge and experience to meet the requirements for transportation companies to have the appropriate coverage for working with ports and Amazon. In addition, our partner, Personal Truck Services, takes care of generating all the regulatory permits and processes for the UIIA.
Insurance companies analyze each risk individually, considering various variables. Therefore, the necessary documentation is requested to obtain a price commensurate with the associated risk, based on each company’s experience and track record.