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Colonial Trucking Insurance provides hazmat transportation insurance coverage and services for companies engaged in transporting hazardous material and hazardous waste. This type of transportation is a highly regulated by the FMCSA. As a leading provider of hazmat truck insurance policies, we have the expertise and infrastructure to provide the capacity and services to meet the time-sensitive requirements of this industry. Most dangerous freight has additional restrictions on how it can be transported, and you should be aware of these terms. With our experience and knowledge, we can help you cover the risks associated with cargo that contains materials that can be harmful in the event of an accident. These types of risks can include gas, fuel, chemicals, combustible gasses and/or fertilizers, and much more. Let us assist you in determining the best hazmat truck insurance policy for your business. The risks you face in the commercial trucking industry are immediate and should not be overlooked. Hazmat trucks are mandated to provide insurance liability between $1 million and $5 million depending on the class of hazardous materials transported.
This coverage is also known as hazardous materials insurance, and is usually required by law in various amounts depending on the cargo you carry within your trucking business. Our agents are here to help you design a hazmat truck insurance policy that follows the regulations regarding particular cargo that will also fit your budget.
As you know, safety comes first for your drivers. This is especially true when transporting hazardous materials. Some potentially dangerous freight has additional restrictions on how it can be transported, and you should be aware of these terms. With our experience and knowledge, we can help you cover the risks associated with cargo that contains materials that can be harmful in the event of an accident. These types of risks can include gas, fuel, chemicals, combustible gasses and/or fertilizers, and much more.
Hazardous materials insurance is necessary provision for trucks that haul dangerous cargo. Hazardous materials insurance is usually required by law in various amounts depending on the cargo.
When selecting the ideal commercial trucking insurance, it is important to understand the regulations and legislation regarding particular cargo.
In order to transport common dry goods, which are safe and don’t risk spoilage, combustion or toxicity, general freight insurance is usually ideal coverage.
But some potentially dangerous freight, termed “hazardous materials,” has additional restrictions on how it can be transported, as well as the type of policy used to insure it. These types of cargo are highly regulated by state and federal laws for public safety.
As a result, commercial trucking insurance related to this type of freight is often mandated by law to provide coverage amounts that exceed $1 million, (imagine the potential cost of damages of a fuel tanker exploding on a busy highway.)
|Fleet Size||3 trucks|
|Equipment value (trucks and trailers)||$255,000|
|Commodities hauled||Fracking chemicals|
|Years in business||4|
|Number of claims in past 3 years||1|
|Annual premium for $1m Liability, Uninsured Motorist, Physical Damage, $100k Cargo limit and General Liability. Includes Pollution Liability.||$36,000|
|Pay Plan||10 installments of $2,880|
We encourage you to NEVER base insurance decision solely on price. Normally, when we buy a product we look for the lowest price — if all other things are equal, we take it. If you insure for lower rates, but that company can’t provide good timely service, the lower premiums will not help you out at all when you can’t get loaded due to problems with your insurance. The same is valid when your claim is not covered because your insurance agent sold you a “subprime” policy. Please note that your actual proposal may vary based on underwriting factors such as location, age of driver, MVR and more. Coverages, payment plans, policy terms and conditions vary state by state. No two policies are the same. No two insurance needs are the same either.
Because of this, the government requires hazmat truck insurance for any truck that is carrying cargo considered to be unsafe and that increases the chance of harm if an accident were to occur. Examples include fuel, poisonous chemicals, combustible gasses, fertilizers and any other compound that’s transport is regulated by legislation.
When deciding what type of trucking insurance coverage you need, make sure to check the laws in your area with regards to the cargo you expect to transport—find out if you need hazardous materials haulers insurance in addition to basic truck insurance. Our certified agents can oftentimes assist you in determining this for all states we’re licensed to provide commercial truck insurance in.
Let our agents assist you in determining the best coverage for your hazardous materials. The risks you face in the commercial trucking industry are immediate and should not be overlooked. Contact us today to get started or fill out one of our free quote forms.
Remember when selecting hazmat truck insurance that the minimally required primary liability plans do not include cargo insurance or trailer insurance. Make sure you have the necessary coverage to safely insure your livelihood or business in all facets.
In addition to hazardous materials insurance and general freight cargo insurance, you can also purchase other types of cargo insurance for specialty vehicles. Produce insurance, for example, is designed for those who mainly transport produce and want to insure against it spoiling or going bad. Moving truck insurance is designed for household goods haulers operating in residential areas.
Please complete our quick quote sheet for a quick Hazmat Truck Insurance quote or call us at (866) 317-5764 to speak to one of our licensed trucking agents.
With the cost of truckers insurance on the rise, it was refreshing to get insurance with Colonial Insurance at 2/3 the rate we were paying last year.
I appreciate the outstanding service and great rates your company provided us throughout the years. Thank you for your dedication to customer service.
After working with Colonial, I'll never look for another truck insurance company. These guys understand customer service -- quick responses and no hassles.