The trucking business is critical to our economy’s overall health and has evolved as the number one supplier for transferring freight throughout the years. Businesses would be unable to sell their products without trucks, and we would be unable to purchase food, gasoline, and other essentials for survival.
Trucks have a trailer attached most days, delivering items to their destinations. If an accident happens when the trailer is attached, trucking insurance covers it. However, when you drive without a trailer while under the supervision of someone else’s trucking authority, you need bobtail insurance to cover potential liabilities.
Put simply, bobtail insurance is a type of liability insurance that provides coverage to the driver when they operate a truck without a trailer attached. Ideally, all truck drivers should purchase it, but not many understand exactly why they need it. Continue reading to find the answers to truck drivers’ most burning questions about bobtail insurance.
Do I really need to purchase bobtail insurance?
If you drive a truck under someone else’s trucking authority, your motor carrier’s or truckers’ liability insurance only covers you while you’re under dispatch or towing a trailer; you’ll need separate coverage for all other driving situations.
Instances in which you need bobtail truck insurance include:
- If you’re driving a truck under someone else’s authorization and there’s no trailer in tow
- In the event of an accident, to protect yourself from litigation and hefty out-of-pocket expenses.
- If the motor carrier you use specifies it as a necessity.
What exactly does bobtail insurance cover?
Bobtail coverage is limited to liability only. It protects you if you’re engaged in and blamed for an accident while operating a truck without a trailer under someone else’s trucking responsibility. You’d be covered in the following scenarios:
- You’ve just delivered cargo and are on your way to pick up your next one when you get into an accident.
- On your way to pick up your first cargo, you get into an accident.
- On your way home from a delivery, you get into an accident.
How much does bobtail insurance cost?
When it comes to calculating the cost of Bobtail Insurance, there are several things to consider. The insurance provider will need to know your driving history, how often you drive trucks without a trailer in tow, and what limitations you requested.
Your claim history, years of expertise in the area, volume of business, number of vehicles engaged in your operation, and data about your personnel, such as how many they are and their driving histories, are all important considerations if you plan to buy bobtail insurance for all your drivers.
Non-trucking vs. bobtail insurance – what’s the difference?
Non-trucking liability and bobtail Insurance are often used interchangeably. On the surface, they appear to be fairly similar in terms of notions, yet they couldn’t be more unlike. Before purchasing any type of insurance, it’s critical to understand the differences.
As mentioned, bobtail insurance covers you when you drive a truck without a trailer attached. Non-trucking insurance, on the other hand, covers you in the events when you drive a truck for non-business purposes, such as driving your kids to school or picking up groceries.