Commercial Auto Liability
Liability insurance is the basic, commercial auto insurance Louisiana businesses can obtain. It covers injuries or damage to other people or property if you’re at fault for an accident.
If you cause an accident that injures or even kills another person, the Bodily Injury (BI) portion of your Liability insurance will pay for the related expenses. Bodily Injury (BI) will cover hospital and medical bills, rehabilitation, long-term nursing care, funeral expenses, lost earnings, pain and suffering, and other expenses, up to the limits you select.
If you cause an accident that damages another person’s property, the Property Damage (PD) portion of your Liability insurance will pay for the related expenses. Property Damage (PD) will cover the expense to repair or replace damaged items, including other vehicles, lampposts, houses or even a pet, up to the limits you select.
Liability insurance also will pay for your legal defense costs if you are sued as a result of your involvement with the accident.
Physical Damage is a general term for a group of insurance coverages that protect your vehicle. This general term includes Collision insurance, as well as your choice of full Comprehensive insurance or the more limited Fire and Theft with Combined Additional Coverage (CAC) insurance.
Collision insurance provides protection for your vehicle if it is damaged in an accident. Collision insurance pays to repair or replace your vehicle if it:
- Collides with another object
- Overturns or rolls
Comprehensive insurance provides protection for your vehicle if it is damaged by something other than a collision with a vehicle or object, or if your vehicle is stolen.
Fire and Theft with CAC provides similar protection to that of Comprehensive insurance, except its coverage is limited to certain specific, non-collision incidents. Fire and Theft with CAC does not cover windshield claims.
Medical Payments Insurance or MedPay Insurance
Medical Payments coverage, also known as MedPay coverage, pays medical expenses for you and any passengers in your vehicle who are injured during an accident or auto-related injury.
Medical Payments coverage protects you regardless of who caused the accident.
Who Needs Medical Payments coverage?
Since Medical Payments coverage protects you, your family, your employees and other passengers in your car, it can be an important insurance to help protect both you and those you care about.
Medical Payments coverage is mandatory in some states and not available in other states or situations. Contact us to learn what coverage options are available for your business.
Uninsured Motorist Insurance
Uninsured Motorist insurance is a coverage that protects you if you’re involved in an accident with someone who does not have Liability insurance or does not have enough Liability insurance to pay for your damages.
Uninsured Motorist insurance options vary widely by state including coverage options, available limits and mandatory requirements. Our licensed agents can help you determine what options are available and what choices make sense
for your business.
Depending on the state, Uninsured Motorist insurance may be three separate insurance coverages that are typically categorized together:
- Uninsured Motorist insurance (UM or UMBI)
- Underinsured Motorist insurance (UIM)
- Uninsured Motorist Property Damage insurance (UMPD)
- Uninsured Motorist insurance (UM)
Also known as Uninsured Motorist Bodily Injury insurance (UMBI), Uninsured Motorist insurance (UM) pays for injuries, such as medical expenses, that result from an accident caused by a driver who is uninsured. UM insurance also protects you and your passengers if struck by a hit-and-run driver.
Covered UM expenses for you and your passengers include:
- Medical bills
- Lost wages
- Pain and suffering
Underinsured Motorist insurance (UIM)
Underinsured Motorist insurance (UIM) pays for injuries, such as medical expenses, that result from an accident caused by a driver who has too little insurance to cover all of the injuries. In some states, UIM is part of UM.
Covered UIM expenses for you and your passengers include:
- Medical bills
- Lost wages
- Pain and suffering
Uninsured Motorist Property Damage insurance (UMPD)
Uninsured Motorist Property Damage insurance (UMPD) pays for damage an uninsured driver causes to your vehicle. Uninsured Motorist Property Damage insurance may also protect your vehicle if a hit-and-run driver damages it. Covered property may include personal property as well as your vehicle, depending on the state.
UMPD is not available in all states.
Trailer Interchange Insurance
Trailer Interchange insurance provides Physical Damage insurance for trailers being pulled under a trailer interchange agreement. This is essentially Physical Damage insurance for non-owned trailers. This insurance protects you if the trailer is damaged by collision, fire, theft, explosion or vandalism.
Since the exchanged trailers are not owned by you, they require separate insurance coverage because they are not covered under your regular Physical Damage insurance.
Who Needs Trailer Interchange Insurance?
If you have a trailer interchange agreement, you need Trailer Interchange insurance to protect you while you’re in possession of a container or trailer that you don’t own.
A trailer interchange agreement is a contract that arranges to transfer a trailer from one trucker to another in order to complete a shipment. Typically, the trucker in possession of the trailer is responsible for paying any damages that are incurred while they have the trailer.
Non-Trucking Liability Insurance
As an independent owner-operator, your truck is your livelihood. You want to make sure it’s protected with truck insurance at all times. That’s why Non-Trucking Liability insurance is a necessity. When you’re under permanent lease to a motor carrier and you’re not driving under dispatch, Non-Trucking Liability insurance provides the truck insurance coverage you need at an unlimited radius.
Non-Trucking Liability insurance can pay for medical and associated expenses for injuries or even death that you cause to other people or for any damage caused to other peoples’ property.
Full Protection With Physical Damage
Typically, a motor carrier will provide primary Liability insurance coverage for owner-operators but does not provide Physical Damage coverage. This means you need to purchase Physical Damage coverage for your truck insurance on your own. Physical Damage coverage protects you whether or not you’re under dispatch in the event of a total loss or if your truck is damaged by a collision or overturn, theft or natural disaster. With Non-Trucking Liability and Physical Damage coverage for your truck, you can be sure you’re fully protected with the adequate commercial auto insurance Louisiana truck drivers can trust.
Bobtail Insurance or Non-Trucking Liability Insurance
Non-Trucking Liability insurance is sometimes called Bobtail insurance. However, Bobtail insurance may not be the same thing as Non-Trucking Liability insurance. Bobtail insurance typically protects a tractor when it’s being operated without a trailer, regardless of whether or not it’s under dispatch. Non-Trucking Liability protects the tractor when it’s being operated off dispatch, regardless of whether or not it’s pulling a trailer.
Motor Truck Cargo Insurance
Motor Truck Cargo insurance (Cargo) provides insurance on the freight or commodity hauled by a For-hire trucker. It covers your liability for cargo that is lost or damaged due to causes such as fire, collision, or striking of a load. If your load is accidentally dumped on a roadway or waterway (Removal Expenses coverage), our coverage pays for the cost to remove debris or extract pollutants caused by the debris. We’ll also pay for costs related to preventing further loss to damaged cargo (Sue and Labor Coverage), legal expenses in the defense or settlement of Claims’ and even freight charges the customer loses because of not delivering a load (Earned Freight Coverage).
Motor Truck General Liability Insurance
A growing number of risk managers require for-hire truckers to have Motor Truck General Liability insurance. You can meet that requirement with Trucking GL coverage. It pays for injuries or property damage you cause as a result of business activities not directly related to operating your truck.
Who Needs Motor Truck General Liability Insurance
If you’re a for-hire trucker, or motor carrier, you’ll most likely need Trucker’s GL.
Examples of situations where Motor Truck General Liability insurance may provide coverage:
- Customers slipping / falling on the your premises
- Erroneous delivery of products resulting in damage
- Actions of a driver while representing the insured and on the premises of others, such as, loading docks, truck stops, etc
- Libel and slander exposures
- Fire on rental property due to insured’s error
- You’ll also want to consider purchasing Motor Truck Cargo insurance, which protects the load that you’re hauling in case of fire, theft, or collision.
On-Hook Towing Insurance
On-Hook Towing insurance will pay to repair or replace a vehicle you don’t own if it is damaged by a collision, fire, theft, explosion or vandalism while you are towing or hauling.
In Texas and Virginia, On-Hook Towing insurance is called Garage Keeper’s Legal Liability insurance. In these two states only, what is actually Garagekeepers Legal Liability insurance is called Storage Location insurance.
Garagekeepers Legal Liability Insurance
Garagekeepers Legal Liability coverage is an optional coverage designed for business owners who offer towing services or operate service stations. It protects a customer’s vehicle when you are keeping it at a covered location for parking or storing, or to perform service.
Garagekeepers Legal Liability insurance provides protection in case a vehicle is damaged by fire, theft, vandalism or collision.
In Texas and Virginia, Garagekeepers Legal Liability coverage is called Storage Location insurance. In these two states only, On-Hook Towing insurance is then called Garagekeepers Legal Liability coverage.
Workers’ Compensation Insurance
Workers’ Compensation insurance (Workers’ Comp insurance) is a mandatory type of insurance carried by many businesses. Workers’ Comp insurance from the Progressive Commercial Advantage programSM covers medical costs and a portion of lost wages for an employee who becomes injured or ill on the job. Workers’ Comp insurance also protects companies from being sued by employees for workplace conditions that can cause an injury or illness.
The bottom line is that with commercial auto insurance, Louisiana drivers and business can receive the protection and coverage they need with American Insurance Brokers, Inc.