Semi truck insurance is a type of coverage designed for owner-operators or fleets that operate commercial trucks. This type of insurance covers everything from liability to cargo to physical damage incurred in a commercial truck accident. While it's mandatory for most trucking businesses to carry this coverage, the amount and type of coverage needed will depend on various factors such as the type of cargo being transported, the size of the trucking business, and the state's legal requirements.

The most basic type of semi truck insurance is liability coverage, which covers any injuries or damage to other people and their property resulting from an accident involving your truck. Liability insurance is mandatory in most states, and the minimum amount of coverage required varies from state to state. Most commercial trucking companies choose to carry more than the minimum amount of liability insurance to provide additional protection in case of an accident.

Another type of coverage often included in semi truck insurance is physical damage coverage. This covers damages incurred to your truck in an accident, such as collisions with other vehicles or objects, as well as theft and vandalism. It's important to note that physical damage coverage does not cover any cargo you may be transporting.

Cargo insurance is another critical component of semi truck insurance. Cargo insurance covers any losses or damages incurred to the goods being transported in your truck. The amount of coverage needed will depend on the type of cargo being transported, its value, and the risk of damage or theft. For example, hazardous materials or high-value items will require more coverage than regular cargo.

Other types of coverage that may be included in semi truck insurance include general liability, employment practices liability, and workers' compensation. General liability covers any damages or injuries incurred by someone who isn't directly involved in an accident, such as a pedestrian. Employment practices liability covers any claims brought against your business by employees, such as wrongful termination. Workers' compensation covers any injuries or illnesses incurred by drivers or other employees while on the job.

In conclusion, purchasing the right amount and type of semi truck insurance is essential for any trucking business, as it can provide invaluable protection in case of an accident or other unforeseen event. An experienced insurance agent can help you navigate the many different types of coverage available and determine which policies are best suited for your specific needs.