Semi and Commercial Truck Insurance

Available in all 50 states!

Operating a successful trucking company is challenging. Balancing schedules, fleet tracking, maintenance, hiring, training, customer demands, and ever-changing government regulations are all in a day’s work. Our passion is helping our trucking clients to drive success. We tackle your toughest insurance needs and bring order to this area of your operations.

Our model is unique and regularly delivers broader coverage at lower rates. As an independent insurance agency that specializes in commercial trucking insurance, we are contracted with A+ rated insurance companies that want to compete for your business. We will listen to you, understand your operations, match your business to the best-suited carriers, and present best-in-class semi truck insurance quotes.

Bankers delivers. On time, every time.

Key Features

What makes our program different*

• Assigned account managers: We operate a unique business model. We do not maintain a call center. Instead, each commercial truck insurance client is assigned a dedicated account manager, provided their email along with a phone number that rings right on their desk. When you need help, a real human being answers your call – one who is familiar with your account and whose number one priority is your service.
• Convenient Payment Options: Our carriers are top-rated and offer a variety of flexible payment plans, including zero-interest plans.
• Compliance with Contract Requirements: Many of our clients have complex contract requirements that necessitate specific endorsements to their semi truck insurance policy. Whatever your need, we will work with you to satisfy it.
• Contract Risk Review and Assessment: In addition to an account manager, our clients are also assigned a trained commercial risk manager who can review existing or speculative contracts and provide advice regarding insurance requirements, endorsements, and additional risk being shouldered.
• Dedicated Claims Specialists: Bankers is your advocate with your insurance company. We staff dedicated claims agents to guide you through the process and ensure all is resolved equitably and fairly. Our priority is to get you back on the road quickly, with minimal impact.
• Multi-Carrier Quotes: We represent many semi truck insurance companies and know the strengths of each. A company that has good rates for logging will likely not have the best rates for beverage distribution. We will not waste your time shopping your coverage with uncompetitive companies, but will present your business in its most attractive light to a filtered segment that will aggressively compete for your business.
• Benchmarking: How do your truck insurance premiums stack up to your competition? We provide comparisons as to how your expenses compare to similar companies.

*Features may vary depending upon insurance company.

Operations

The broadest range of acceptable operations:

• Local, Intermediate, or Long Haul
• Private or For-Hire
• 1- 250 power units. Larger fleets considered under alternative programs.
• Dry Van, Refrigerated, Flatbed, or Intermodal
• Agricultural, Coal, and Timber Haulers
• All others…

Coverages

Our commercial truck insurance offerings include:

• Truckers Liability and Physical Damage
• General Liability
• Cargo
• Workers compensation
• Umbrella Liability
• Inland Marine
• Spoilage
• Intermodal
• All others…

Captive and self-insured solutions available for large fleets.

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At Bankers Insurance, the client is always in control.

Insurance Coverages

The value of a commercial truck insurance policy is all in the details. Ensure your coverage is provided by a top-rated company with a proven record of standing by their policy, along with an insurance agent skilled in semi truck insurance. Remember that the largest risk is liability. Trucks can be expensive, but liability claims for bodily injury can far outweigh the cost of vehicle damage. Below are the main coverages available.

• Liability: $1,000,000, $2,000,000, or higher limits are available. Can be provided for listed vehicles, all owned vehicles, or even any vehicle, as required.
• Physical Damage: Actual cash value at time of loss, agreed value, or replacement cost.
  • Comprehensive
  • Collision
  • Specified Cause of Loss: Primarily concerned with specific items that may lead to a claim? Specified cause of loss may be the best choice for your business.
• Income Loss: Protection for business income when impacted by a covered accident/event.
• Medical Expenses or Personal Injury Protection (PIP)
• Uninsured and/or Underinsured Motorist: Most state minimum insurance limits are low. If your vehicle is damaged by another party and their insurance coverage is not adequate, these coverages provide the protection you need.
• Hired and/or Non-Owned Liability: Should your business rent or borrow a temporary vehicle.
• Hired Physical Damage: Protection if your business is liable for damaging a rented or borrowed vehicle.
• Towing and Labor

Depending upon operations, most truckers need certain additional commercial trucking insurance coverages. These protections can be added as required:

• Intermodal, including the Uniform Intermodal Interchange Agreement (UIIA) Additional Insured Endorsement
• Loan Gap: In the event your rig is totaled and, at the time of loss, the loan is greater than the insured amount.
• FHWA, PUC, and all state and federal filings accommodated
• MCS90 endorsements
• Trailer Interchange
• Cargo
• Spoilage: Specialized protection for refrigerated cargo.
• Downtime Loss and Additional Expense: Should a key vehicle be damaged and a suitable replacement not be on hand, you may experience a damaging loss of income. Downtime Loss protects your business against this risk. Extra Expense protection provides additional coverage should the business need to temporarily rent a replacement vehicle.
• Company Service Vehicles: Or any other vehicle owned by the business.
• Diminishing Deductible
• Roadside Assistance: Fuel, tires, jump-start, mobile mechanic
• Debris removal
• Earned freight
• On-Hook Coverage

Many logistics contracts and risk managers now require general liability insurance as protection against risks not associated with your trucking operations. This coverage protects your business against liability such as bodily injury, property damage, personal injury (libel or slander), medical payments, and damage to premises rented to you.

General Liability risks fall into three main categories

1. Operations
2. Drivers
3. Premises: A vendor, supplier, other servicing trucker, or even clients being injured at your location.

Bankers Insurance offers all supporting coverages.

• Property: Buildings, Contents, Business Income, Extra Expense
• Workers Compensation: Bankers is contracted with several strong workers compensation insurance carriers that specialize in trucking. Let us not only help you save money, but also reduce claims by identifying critical areas of risk.
• Umbrella Liability: To increase auto, general liability, and workers compensation liability limits.
• Inland Marine: For high-value mobile equipment.
• Employee Benefits
  • Group Health
  • Group Dental
  • Group Vision
  • Group Life
  • Group Disability
• All other coverages…

Why Bankers Insurance?

Anyone can be an order-taker.  Bankers Insurance is different.

We offer choices and expertise. We don’t expect clients to be commercial truck insurance experts.  Take advantage of our experience. We can explain your options and help you determine the right coverages.

As your insurance agent, we strive to know you. Only then can suggest the coverage that suits your specific business. We look for coverage gaps to help ensure complete protection. With us, you get the benefit of: