High Risk Carrier Insurance

High Risk Carrier Insurance

Who can
we Help

As a Commercial Truck Insurance Provider, we can help any company involved in the transportation industry that is considered high risk. We have an insurance solution to assist you no matter what your risk level is.

We can help:

  • Long-Haul Carriers
  • Short-Haul Carriers
  • Construction and Excavators
  • Tow Truckers
  • Any high risk carrier

High Risk Carrier Insurance

What and Why?

What is High Risk Carrier Insurance?

Trucking companies that have bad SAFER scores, high losses, accidents, driver issues, conditional ratings could be considered High Risk. High Risk means higher premiums and less flexibility in writing those policies. Culture is key to implement changes needed to pull yourself out of this category but that can take time to see the changes reflect in your SAFER scores and over the road performance. NIS has markets to shop the high-risk policy and a partner in CNS to assist with Risk mitigation.

Why do you need High Risk Carrier Insurance?

Risk assessments can help point out where the issues may lie. Improving hiring standards for drivers through DQ File services as well as ongoing driver training. Implementing new systems and processes for vehicle maintenance to ensure vehicles do not get sited for foreseeable maintenance issues. Updated policies and procedures in an updated company handbook to hold drivers accountable for their roadside performance.

NIS and CNS together have many success stories from turning clients from High Risk Trucking Carriers into Profitable and sustainable trucking carriers that only attract the best drivers.

plan of action

know your Coverage

It is important to keep in mind legal requirements when obtaining trucking insurance. Commercial Truck Insurance is mandatory in all 50 states and failure to obtain coverage could cost you a lot of money in fines or even worse, your license. By law, you must have a minimum of 750,000 in auto liability and cargo coverage (coverage depends on what your trucks are hauling). 

1 K
Auto Liability

Auto Liability, also known as Bodily Injury Physical Damage (BIPD), is required by the FMCSA at a minimum coverage of $750,000 to obtain your MC authority.

1K-200K

Physical Damage

Physical Damage is not required for Commercial Truck Insurance, but we do recommend it. Coverage depends on what you are driving and can range from $1000 to $200K.

1 K
Cargo

Truck Cargo Coverage is required by law, however the amount of coverage depends on what your trucks are hauling. Call one of our Trucking Insurance Specialists for a recommendation on minimum cargo coverage.

Other trucking coverages and terms:

There are many coverages and terms to consider when choosing your insurance. It is best to fill out a quote and we can provide the best policy for you.

Some instances when companies may need different types of coverage include:

  • Non-Trucking Liability Insurance
  • Bob Tail Insurance
  • Trailer Interchange Insurance
  • Physical Damage Insurance

Bob Tail Insurance

If you are an independent owner operator looking for coverage on your business travel without a trailer attached, this would be a good option to cover your potential risk between loads and terminals.

Non-Trucking Liability

These policies provide you coverage while you are taking care of personal business aside from your company business.

Trailer interchange

These policies provide coverage for a trailer used by multiple drivers during to get a load to a destination. The coverage is directly related to the time the trailer and load is in your driver’s possession. Trailer Interchange insurance covers only damages to the trailer and not the goods which are part of the load.

Physical Damage coverage

This includes your collision and comprehensive coverages. Collision pays on damage caused by impact with your truck being driven. Comprehensive covers damages to your truck for instance theft, storms, fires, falling objects, and more depending on the policy.

01

Request a quote

Before we can get you an estimate, we are going to need some information. Fill out a complete quote or quick quote to get started.

02

Get coverage

After we gather all of your information we will get back to you with a detailed breakdown of your coverage and how much it will cost.

03

Start saving

Our Commercial Truck Insurance experts are constantly working to get you the best rates, whether you are a new or existing client.

Customers Reviews

CASE STUDY

Company A, a 9-truck carrier, approached CNS due to a problem in their operations. Their surplus lines carrier who was charging $190,000 annually for 9 trucks was canceling their liability insurance. The trucking company called CNS to see what could be done.

CNS reviewed carrier’s roadside safety, performance, driver files, loss ratio history, systems, and process. CNS analyzed the company had no losses but high BASIC SMS scores. Upon further investigation there were only two drivers that had bad records.

CNS developed hiring and qualification standards and implemented these standards within the company. The company also engaged CNS to manage their divers through drivers qualifications, monitoring drivers and training drivers.

As shown in the graph, the clients safety scores improved year after year.

As a result of the improved safety scores NIS was able to secure insurance which saved the company $100,000.00 in annual premium. The client has been a loyal CNS and NIS customer for 6 years.

We Are Your Insurance Family

We are always a phone call away.

Our customer service is unmatched and we take pride in the fact that we build lasting relationships with everyone we talk to whether you are a client or not.

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