Property Insurance – covers a business’s physical assets (buildings, business personal property etc.) from perils such as fire, explosions, storms, theft and vandalism. This line of coverage may also include add-on optional coverages such as Earthquake, Flood or Business Income coverage.

Business Income – pays for the downtime a business may suffer due to a covered loss, such as building or equipment rental, payroll to employees, or other incidental costs until the business is able to get back up and running at a normal capacity.

General Liability – provides liability coverage for a third party if they sustain bodily injury, property damage or personal injury arising from your business operations, on your business premises, or due to you, or your employees’, negligence for which your business is deemed liable.

Primary Auto Liability – Provides liability coverage for a third party if you, or your driver, are in an accident while you are under motor carrier dispatch; it only applies to a 3rd party. (For example, if your driver is driving under the motor carrier’s authority and hits another truck, the repairs to the other party’s truck and injuries sustained by the other party would be covered under this policy up to the applicable limit, but less any deductible that might apply.)

Non-Owned/Hired Auto Liability – Provides liability (bodily injury and property damage) when caused by a vehicle you hire (rented/borrowed) or caused by a non-owned vehicle (owned by others including your employee).

Manifested Auto Liability – Covers a 3rd party if you, or your driver, are in an accident while delivering a non-owned vehicle while under dispatch. The non-owned vehicle would have been previously considered cargo, but must be driven off and away from the trailer to its final delivery destination. (For example, if delivering a vehicle to a private residence, but your truck is prohibited from driving down a residential street, you may have to drive the unit off the trailer and to the driveway of the customer. While en route to the driveway, if you were to hit a person or vehicle (3rd party) and they were injured, this policy would assist in paying for defense and damages.)

Physical Damage Insurance – provides coverage for YOUR vehicle’s damage if you are involved in an accident at any time (whether under dispatch or not). This coverage is subject to a deductible. (For example, if your driver is driving your truck and is in an accident, this coverage would cover damages to your truck, less any applicable deductible, and would be in effect regardless of if it was, or was not under dispatch at the time of the covered loss.

Motor Truck Cargo – Provides liability coverage for a 3rd party (usually the owner of the cargo being carried) who carry cargo of others while under dispatch for the motor carrier, and is used in the event that the cargo is destroyed or damaged as the result of a covered accident while being transported/shipped. (For example, if your driver is hauling freight while under the motor carrier’s authority and is in an accident, the freight on the trailer is damaged, this coverage would pay for the cargo to be repaired/replaced as necessary up to the policy limit, less any deductible that might apply.)

Constructive Total Loss – When the cost of repairs plus the cost of salvage equal or exceed the value of the vehicle in question.

Depreciation – Covers loss of sale due to disclosure of damage or other issues associated with damage or loss of vehicle while being transported/shipped.

Garagekeepers – Legal Liability insurance (coverage for a 3rd party due to proven negligence by law on the part of the insured) to business owners who offer towing services or operate service stations. It covers a customer’s vehicle when kept at a covered location for parking, storage or to perform service. (Provides coverage at a named location while a cargo unit is in short term storage off of the trailer to allow repairs or other reasons.)

Workers’ Compensation – covers a business’s employees when injuries are sustained in the course of their work or duties. The employer is required to carry this coverage, which is regulated by state laws (different in each state). The owner can sometimes choose to exclude themselves from this policy. Whether a policy is held or not, if an employee is hurt in the course of work, the employer will be required to pay for the injuries. Without a policy in place this becomes the sole responsibility of the employer.

Excess Liability – provides additional liability coverage for a third party if the underlying Auto Liability, General Liability and/or Workers’ Compensation limits are exhausted due to a covered loss. The terms of the policy generally follows the same terms as the underlying policies indicated on the declarations page.

Crime – offers protection from financial losses related to various forms of crime, including but not limited to theft by employees, forgery, robbery, kidnap and ransom, and electronic forms of crime.

Cyber – covers your business’s liability for a data breach of your customer’s information such as personal data, social security numbers, etc. This would include hackers, identity theft, phishing scams, etc.

Employment Practices Liability – covers an employer against claims made by employees alleging discrimination, wrongful termination, sexual harassment or other employment-related issues and/or alleged negligence. (For example, if a terminated employee sues your business stating discrimination, this policy would defend your business.)

Fiduciary Liability – protects businesses and employers’ assets against mismanagement of employee benefit plans.

Directors’ and Officers’ Insurance (D&O) – covers the personal assets of corporate directors, officers, and their spouses against lawsuits instigated by employees, customers, competitors, investors and other parties for alleged wrongful management of a company.