Colonial Insurance is one of only a handful of US companies that specializes in trucking insurance policies.
They help fleet owners, owner operators and others in the trucking industry build the best policies to meet their needs and budgets.
The company has an advantage over other commercial auto insurance providers because their staff has a full understanding of the trucking industry. In fact, their agents have specialized training to understand the latest regulations and insurance updates in the industry.
Colonial offers a wide range of coverage options for truckers.
Truck Insurance Offered by Colonial Insurance
Colonial offers standard truck insurance as well as specialized policies to meet the needs of owner operators and fleet owners.
Specifically, they provide insurance products for:
- Fleet owners
- Owner operators
- Hot shot truckers
- Car carrier operators
- Dump truck, tractor/trailers and straight trucks
- Agricultural haulers
- Container haulers
Their truck insurance policies include:
- Physical damage
- Occupational accident
- Motor truck cargo
- Broker bonds
- Workers’ compensation
Colonial Hot Shot Insurance
Colonial’s hot shot insurance is designed for truckers that specialize in expedited cargo transport. Hot shot freight needs to be delivered quickly, but truckers enjoy a premium rate and a higher pay per mile. Colonial created its hot shot insurance with these factors in mind.
Their hot shot insurance policy includes:
Collision and Comprehensive
Covers your truck and trailer in the event of:
- Collision with objects or other vehicles
Towing and Storage
Covers the cost of towing and storing damaged equipment in the event of an accident.
Protects your ramps, tarps, chains, binders and other valuable equipment against:
- Other related damages
Loading and Unloading
Protects commodities that are being loaded and unloaded.
Covers liability for discharging pollutants owned, being transported, loaded or unloaded from a covered truck.
Covers reasonable costs associated with debris removal in a covered incident.
Helps cover the cost of preventing further damage to cargo. This coverage is sometimes called “sue & labor.”
If your truck is damaged in an accident and must be repaired, your policy will provide up to $100 per day for 30 days.
Provides coverage for lost income if a load cannot be delivered because of a covered cargo loss.
Covers doctor bills if you are injured in an accident while operating your truck.
Emergency Expenses Coverage
This policy will cover up to $2,500 of travel expenses for your family if you are injured while away from home.
If your truck is totaled in an accident, lean/loan gap coverage will pay your loan if you owe more than your truck is worth.
Convenient coverage that allows you to pay one deductible if a covered incident causes losses related to your truck, trailer and cargo.
Colonial Workers’ Compensation Insurance for Truckers
Fleet owners must have workers’ compensation insurance to cover the cost of employee injuries while on the job.
Workers’ compensation provides coverage for:
- Medical bills
- Rehabilitation costs
- Lost income
- Death benefits
Colonial allows customers to customize their workers’ compensation policies to meet the needs of your fleet and your budget. Policyholders can also purchase Occupational Accident benefits, which will pay benefits directly to the drivers or their surviving family members.
Dump Truck Coverage
Colonial offers specialty insurance for dump truck operators hauling dirt, gravel, sand, asphalt, rock and loose materials.
The agents at Colonial can help dump truck drivers and fleet owners design a policy that meets their needs and budget.
Dump truck policies can include the following coverages:
Standard coverage in most commercial auto insurance policies. Liability covers damage and injuries to other parties or property if you are at fault for an accident.
Covers trucks and trailers if they are damaged because of:
- A collision
- Other covered perils
Downtime is optional coverage that can be added to your dump truck insurance policy. It provides protection against lost income in a covered loss. If your truck is inoperable for an extended period of time, this coverage can help you stay on track with payments and other expenses. This policy typically provides $100 per day for up to 30 days.
Covers medical and other related injury-related expenses for the driver and passengers in your vehicle. Coverage is provided regardless of who is at fault.
Provides reimbursement for renting a truck and equipment to keep your operations running. This policy will cover a large percentage of the rental costs.
Lease or Loan Gap
Lease or loan gap insurance will pay for your loan if you owe more than your truck is worth and experience a total vehicle loss.
Physical Damage Policies
Commercial trucks are large and heavy. They can cause serious damage in an accident. That’s why it’s important for fleet owners and owner operators to have adequate physical damage insurance to cover the high costs of damage caused by accidents.
Colonial offers a variety of physical damage coverage options, including:
Protects your vehicle if it is damaged by something other than an object or vehicle. It will also provide coverage if your vehicle is stolen.
Protects your truck if it is damaged in an accident. A collision policy will cover the cost of repairing or replacing your truck if it overturns, rolls or collides with another vehicle or object.
Fire and Theft with Combined Additional Coverage (CAC)
This policy offers similar coverage to comprehensive insurance, but it’s more limited. Coverage only applies to specific non-collision incidents.
What Does Physical Damage Insurance Cover?
Physical damage policies cover damage or losses caused by:
- Other disasters named in the policy terms
Your policy may also help cover the cost of towing and storing your truck and equipment while it’s being repaired.
What Isn’t Covered?
Physical damage won’t cover damage to your cargo. A standard policy also won’t cover damage to your personal items, tools, binders, tarps, chains and other things that aren’t permanently attached to your truck.
Cargo insurance and trailer insurance are recommended to cover all of your bases.
Colonial Offers Complete Truck Coverage
The agents at Colonial Insurance work closely with customers to help them build the best policies for their needs and budget. Whether you’re an owner-operator or fleet owner, you are sure to find the coverage you need to protect your business and your finances.