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NEW INSURANCE ALERT: RPS Small Business now offers a suite of insurance coverages specifically for truckers with up to 10 power units. All of these policies can be quoted, bound and issued in just minutes.

If you think that's impossible, that's because it was — until now.

Key Coverages and Product Features

RPS Small Business Transportation Insurance for Truckers offers General Liability coverage, Motor Truck coverage and Auto Physical Damage coverage.

Get industry-leading protection from a carrier with an A.M. Best "A" rating, Financial Class XIV company, which is usually required by shippers. Instantly quote and bind with only the DOT number. Whether you're an owner/operator with just one truck or a fleet of up to 10 trucks, this commercial truck insurance meets your wheel exposure needs.

Key Product and Coverage Features, Subject to Policy Conditions

Bodily injury coverage arising from the insured's operation as a business

  • Property damage coverage for others' property if the insured is responsible
  • Medical payments, ambulance service charges and funeral services
  • Personal and advertising injury liability
  • Damages caused by employees and volunteer workers when performing business duties
  • Supplementary payments:
    • All reasonable expenses the insured incurs when assisting in the investigation or defense of a claim
    • All court costs taxed against the insured related to a lawsuit
    • Bail bonds up to $250 due to accidents or traffic law violations
  • Right and duty to defend the insured
  • Claims — Occurrence Based
  • Class Code 99793 — Truckers
  • Non-admitted coverage offering
  • Optional forms available:
    • Primary and noncontributory
    • Nucor Steel language
    • Blanket additional insured
    • Second business location

Target Classes

  • Interstate and intrastate truckers with up to 10 units hauling general freight and refrigerated cargo
  • Not available in Hawaii, Alaska and Massachusetts

Limits of Liability

From $1 million/$1 million to $1 million/$2 million

Minimum Premium

$500

Prohibited Operations

In the operation under the insured's policy name, the insured cannot do the following:*

  • Store goods or vehicles for others
  • Repair vehicles for others
  • Lease space to others
  • Sell fuel, parts or any other products to others
  • Act as a broker, freight forwarder or load consolidator for others
  • Have any farming operations
  • Have other business activities located at the same premises
  • Generate any revenue from activities or operations other than trucking
  • Have signed any contracts that require you to assume the liability of another party
  • Own and operate any mobile equipment such as forklifts, snowplows, graders or yard goats
  • Own or engage in operations that involve distributing, storing, treating, discharging, disposing of or transporting hazardous materials, substances or waste
  • Have sold, acquired or discontinued any business operations in the past five years

* If any of the above conditions apply, coverage can still be submitted to an RPS transportation representative for review and approval.

GET THE GUIDE

Truckers face a multitude of risks when it comes to cargo, transportation, trip transit and storage. That's why they need a cargo policy that addresses their possible exposures and provides industry-leading coverage from an A.M. Best "A" rated carrier. This insurance fills the gap where other cargo forms fall short, whether it's paid interest, coverage extensions or payments in addition to policy limits.

Standard Features

  • Property owned by the trucker, as well as property of others
  • Coverage territory includes the United States and Canada
  • Refrigeration unit malfunction and employee theft is not excluded
  • Supplementary payments
    • Loss of earnings up to $250 per day
    • Prejudgment interest
    • Interest on the full amount of any judgment
  • Coverage extensions in addition to policy limits:
    • Earned freight charges
    • Debris removal expense up to $25,000
    • Traffic and security expense
    • Reload expense
    • Fire department service charge up to $25,000
    • Reward coverage for stolen goods up to $2,500
    • Claim mitigation expense up to $5,000

Optional Features

  • Cargo additional insured
  • Cargo loss payee
  • Designated shipper
  • Designated shipment
  • Blanket 30-day notice of cancellation (NOC)

Target Risks

  • At least three years in business under the same operating authority
  • One to 10 power units (up to five has binding authority)
  • All drivers are at least 23 years old with a CDL for at least 24 months
  • Power units under 20 years old
  • All states except Alaska, Hawaii and Massachusetts

Prohibited Commodities

  • Cannabis
  • Chemicals
  • Coal/coke
  • Drive-away/towing
  • Garbage/refuse
  • Hazardous materials
  • Hotshots/pickups
  • Household goods
  • Liquids/gases
  • Livestock
  • Logging
  • Mobile homes
  • Motorized vehicles/boats
  • Passengers
  • Temperature-controlled/refrigerated and/or frozen freight
  • US mail
  • Water in a tank

Maximum Limits

  • Per-occurrence limit of $250,000
  • Aggregate limit of $500,000

GET THE GUIDE

Individual truckers and trucking companies make a huge investment when they purchase or lease their equipment. It makes sense that the investment is protected from the perils of short and long hauling. The primary risk in trucking is — and always will be — the chance of an accident. Distracted drivers, poor road conditions and weather contribute to the possibility of a mishap and the loss of the rig or trailer.

Standard Features

  • Offered on a stated amount basis
  • Deductibles up to $5,000
  • Up to $900 for temporary transportation expense

Optional Features

  • Towing for mechanical breakdown:
    • Up to $2,500 for towing
    • Up to $500 for mechanical labor performed at disablement
  • Trailer interchange up to $50,000
  • Non-owned trailer up to $50,000
  • Gap coverage
  • Enhancement endorsement:
    • Up to $2,500 for miscellaneous equipment (tarps, chains, etc.)
    • Up to $5,000 for electronic equipment
    • Up to $5,000 for personal property/effects
    • Up to $5,000 for rental reimbursement
    • Expanded towing coverage
    • Up to $500 for pet injury
    • Physical damage for temporary substitute autos
  • APD loss payee
  • APD lessor AI

Target Risks

At least three years in business under the same operating authority

  • One to 10 power units (up to five has binding authority)
  • All drivers are at least 23 years old with a CDL for at least 24 months
  • Power units under 20 years old
  • All states except Alaska, Hawaii and Massachusetts

Prohibited Commodities

  • Chemicals
  • Coal/coke
  • Drive-away/towing
  • Garbage/waste/refuse
  • Hazardous materials
  • Hotshots/pickups
  • Household goods
  • Liquids/gases
  • Logs
  • Mobile homes
  • Passengers
  • Water in a tank

Maximum Single Vehicle Value

Truck-tractor $500,000/Semi-trailer $300,000

GET THE GUIDE

Need More Information? We've Got You Covered.

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Want More?

If you're unfamiliar with our online portal, no problem. We'll walk you through it. First, sign up at rpssmallbusiness.com to get a login. Once you're logged in, use our Quick Start Guide to see how to rate, quote and bind a policy.

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