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Get customized coverage for your business

​​With over 11 years of experience and more than 30 types of business liability and vehicle insurance coverages, we can help you customize your commercial insurance quotes with exactly what you need, when you need it.

TYPES OF INSURANCE

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Primary Auto Liability

Trucking companies are required by law to purchase Auto Liability or Truck Liability Insurance. This insurance provides protection for the motor carrier for legal liability arising out of the ownership, maintenance, and use of any insured automobile. The minimum limit that can be purchased is $750,000 combined single limit per state and federal regulations (BMC-91 or BMC-91X). We encourage all clients to strongly consider purchasing $1 million in coverage as it is a common requirement from freight brokerages and shippers. It also affords better protection to the motor carrier as a single accident can produce claims well exceeding either of these totals.

The FMCSA BMC-91/91X requires that motors carriers who transport certain hazardous cargo maintain a total of $5 million in auto liability coverages in those instances. It is also common and good practice for all motor carriers to consider purchasing excess or umbrella policies to properly address their risk.

HOURS & LOCATION
Location

920 East Blanco Rd

Boerne, TX 78006

admin@myanchorpoint.com

Tel: 210-640-7050

Fax: 210=800-9754

Hours

Monday - Friday 

8:30 am to 5:30 pm

 

Evenings by Appointment

Physical Damage is a general term for a group of insurance coverages that protect your vehicle. This general term includes Collision insurance, as well as your choice of full Comprehensive insurance or the more limited Fire and Theft with Combined Additional Coverage (CAC) insurance.

Collision insurance provides protection for your vehicle if it is damaged in an accident. Collision insurance pays to repair or replace your vehicle if it:

  • Collides with another object

  • Overturns or rolls

 

Comprehensive insurance provides protection for your vehicle if it is damaged by something other than a collision with a vehicle or object, or if your vehicle is stolen.

Fire and Theft with CAC provides similar protection to that of Comprehensive insurance, except its coverage is limited to certain specific, non-collision incidents. Fire and Theft with CAC does not cover windshield claims.

Physical Damage
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Motor Truck Cargo

Motor Truck Cargo insurance (Cargo) provides insurance on the freight or commodity hauled by a For-hire trucker. It covers your liability for cargo that is lost or damaged due to causes such as fire, collision, or striking of a load.

If your load is accidentally dumped on a roadway or waterway (Removal Expenses coverage), our coverage pays for the cost to remove debris or extract pollutants caused by the debris. We’ll also pay for costs related to preventing further loss to damaged cargo (Sue and Labor Coverage), legal expenses in the defense or settlement of Claims’ and even freight charges the customer loses because of not delivering a load (Earned Freight Coverage).

 

Who needs motor truck cargo insurance?

A growing number of risk managers require truckers to insure their cargo. You can meet that requirement with Progressive’s Motor Truck Cargo Insurance. It pays when you are responsible for damage to or loss of the cargo due to fire, collision or even hitting or running over the cargo that you transport on behalf of a client.

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Non-Trucking Liability

If you're under permanent lease to a motor carrier that provides your primary liability coverage, you could benefit from our Non-Trucking Liability (NTL) coverage while using your truck for a non-business purpose.

NTL kicks in when you use your truck on your days off for things like going to the movies, picking up groceries, attending sporting events or visiting friends. It can pay for medical and other expenses associated with injuries to others or damage to other peoples' property that you cause. This endorsement only modifies the liability portion of your policy.

Exceptions and restrictions

NTL doesn't provide liability coverage for business use or when hauling any type of cargo. Driving to and from the terminal, fueling up, traveling for maintenance or vehicle servicing, driving during layovers, dead-heading (driving without a load), and washing your truck all might be considered using the vehicle for a business purpose. These activities typically would be covered by the motor carrier's primary liability insurance.

NTL doesn't apply when you're pulling a loaded trailer, operating on behalf of a trucking company or using a vehicle for any revenue generating purpose. These types of activities are covered by primary trucking liability insurance.

Non-Trucking Liability insurance isn't available on policies with an FHWA (federal/ICC), MCS-90, SR-22 or state filing.

Note - This is a general description of the coverage, and is not a substitute for the policy. The policy contract controls. See your policy contract for details.

Trailer Interchange Insurance

Trailer Interchange insurance provides Physical Damage insurance for trailers being pulled under a trailer interchange agreement. This is essentially Physical Damage insurance for non-owned trailers. This insurance protects you if the trailer is damaged by collision, fire, theft, explosion or vandalism.

Since the exchanged trailers are not owned by you, they require separate insurance coverage because they are not covered under your regular Physical Damage insurance.

Who needs trailer interchange insurance?

If you have a trailer interchange agreement, you need Trailer Interchange insurance to protect you while you're in possession of a container or trailer that you don't own.

A trailer interchange agreement is a contract that arranges to transfer a trailer from one trucker to another in order to complete a shipment. Typically, the trucker in possession of the trailer is responsible for paying any damages that are incurred while they have the trailer.

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