Ohio Commercial Truck Insurance
Are you searching for commercial trucking insurance in Ohio? Join thousands of truckers just like you and partner with NITIC for all of your trucking insurance needs. Whether you have one truck or a fleet, NITIC offers custom commercial truck insurance coverage for Ohio truckers like you. NITIC has over 3 decades of experience delivering tailored trucking insurance solutions to our clients, an A+ rating with the BBB, and hundreds of 5-star Google reviews. At NITIC, you get the best value for the money you spend on your truck insurance.
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No matter how experienced you are in the trucking business or how long you’ve been driving your commercial vehicle in Ohio, you should always have the right commercial truck insurance. In addition to being legally mandated, this coverage offers good financial support in the event that an accident results in property damage, bodily injury, or loss of life.
What do we offer Ohio Truckers Like You?
We at NITIC strive to make comparing commercial vehicle insurance rates easier and more convenient. Whether you are a private carrier, owner-operator, or commercial motor carrier, we offer insurance coverage for all business types. We make certain that you get the greatest coverage at a cost you can afford when you engage with us for your truck insurance.
We adhere to the quickest claim settlement policy and offer the required cash aid right away.
Areas we cover in Ohio
We provide coverage for all Ohio cities, including the following when it comes to commercial truck insurance:
- Columbus
- Cleveland
- Cincinnati
- Toledo
- Akron
- Dayton
- Parma
- Canton
- Lorain
- Hamilton
- Youngstown
- Springfield
- Kettering
- Elyria
- Middletown
- Cuyahoga Falls
- Newark
- Lakewood
- Dublin
- Euclid
- Mansfield
- Mentor
- Beavercreek
- Strongsville
- Cleveland Heights
- Fairfield
- Huber Heights
- Delaware
- Grove City
- Reynoldsburg
- Lancaster
- Findlay
- Warren
- and surrounding towns and cities.
Customers in these Ohio cities can choose from a variety of discounts. For the best protection for your business, just give us a call.
Commercial truck insurance coverages in Ohio
Every state in America has minimum coverage requirements; for example, every owner-operator of a truck is required to obtain third-party insurance to protect against accidents that result in both property damage and personal injury. To protect your Ohio trucking company from any unforeseen events like accidents, vandalism, natural disasters, theft, and more, you need enough commercial truck insurance.
Get in touch with us to learn more about any of the aforementioned coverages, and we’ll let you know how much it will cost to have it tailored to your company.
What types of trucks do we offer coverage in Ohio?
When it comes to the sorts of trucks to insure for your company, we in Ohio have the requisite experience. The many truck types for which we offer coverage are listed below:
- Box trucks
- Dump trucks
- Hotshots
- Tow trucks
- Semi-trucks
- Private Carrier
- Owner Operator
Need a free consultation? Give us a call. We will be right back to you.
Why do you require Commercial Truck Insurance in Ohio?
Any Ohio trucking company that uses a truck for work-related purposes must be properly insured. All of your trucks need to be covered by a commercial truck plan, whether you own a fleet of corporate trucks, a food truck, or any other sort of truck you solely use for business.
Without protection from commercial truck insurance, your business might run financial and legal risks. Additionally, driving without insurance might have disastrous repercussions. In Ohio, having proper truck insurance has a multitude of advantages, including the following:
- Covers the third-party costs (bodily injury and property damage).
- Covers all of your property damage and personal injuries.
- Defends against any legal action brought by accident victims
- Pay all medical costs.
- Covers any freight damage to your transport.
Minimum commercial truck requirements in Ohio
In Ohio, if you drive a truck or own a trucking company, you are required to have a certain amount of liability insurance. The precise amount of coverage you must carry will be determined by the nature of the products and the distance you must travel.
You will require a USDOT registered number, a PUCO number, and the following standard liability insurance for trucks operating in Ohio:
- For general freight, you will be requiring $750,000 of liability insurance.
- For household goods, you will be requiring $300,000 of liability insurance.
- For oil transport, you will be requiring $1,000,000 of liability insurance.
- For hazardous materials, you will be requiring $5,000,000 of liability insurance.
- For per vehicle $10k and per catastrophe $10k.
Truckers that travel outside the state must adhere to stricter regulations. In addition to the aforementioned, you must also abide by federal government requirements.
The federal and state rules demand that you provide a few key documents before you may get insurance. These documents serve as proof to the relevant authorities that you have met the truck insurance requirements.
What is the cost of commercial truck insurance in Ohio?
All trucks in Ohio are required to carry average truck insurance of $15k, whether they are being utilized for personal or professional purposes. Typically, premiums range from $11k to $20k. This is due to the fact that various businesses have varying rules regarding their coverages.
The typical cost of commercial truck insurance for a one-truck operation operated by a trucker with a clean driving history is as follows:
- $950 per month for trucking primary liability
- $110 per month for cargo truck insurance
- $150 per month for trucking physical damage
- $40 per month for bobtail insurance
These price projections are based on drivers that operate one truck and require liability, type of cargo, bobtail, and physical damage insurance. The cost is affected by a number of factors, including the type of cargo you are transporting, your previous insurance claims, and the length of time you have been in operation.
Example Ohio Commercial Truck Insurance Cost Estimate
The below scenario assumes a clean driving record. Your personal driving history will affect your Ohio insurance cost and premium. See below for a more thorough list of factors that can influence your truck insurance premium.
|
Limit of Liability
|
$300,000
|
$500,000
|
$750,000
|
$1,000,000
|
|---|---|---|---|---|
|
Dump Truck
|
$11,200
|
$12,200
|
$13,200
|
$14,200
|
|
Box Truck
|
$11,200
|
$12,200
|
$13,200
|
$14,200
|
|
Tow Truck
|
$11,200
|
$12,200
|
$13,200
|
$14,200
|
|
Tractor Trailer
|
$11,200
|
$12,200
|
$13,200
|
$14,200
|
Ohio Commercial Truck Insurance Filings
Both Ohio and the USDOT require specific filings to be submitted by your insurance agent to ensure compliance with trucking insurance regulations. Our team at NITIC is well-versed in the necessary paperwork and will handle all the filing on your behalf. These forms notify the government that all your DOT truck insurance requirements are met, and they must be submitted before you can receive your operating authority. Here are some common forms involved:
Form MCS-96: This form is the Endorsement for Motor Carrier Policies of Insurance for Public Liability under Section 18 of the Motor Carrier Act of 1980. It confirms that your trucking company has the required public liability insurance to cover bodily injury, property damage, and environmental restoration, ensuring compliance with federal regulations.
Form E: This form is used to verify that your trucking company has obtained the minimum required liability insurance coverage as mandated by Ohio state law. It is filed with the Ohio Department of Transportation or the appropriate state agency, ensuring your compliance with state insurance requirements.
Form H: This form verifies cargo insurance coverage, ensuring that your trucking company has sufficient insurance to cover any damages to the goods being transported. This form is particularly important for carriers handling household goods and other valuable cargo.
OS-32: The OS-32 form is specific to Ohio and is used to confirm that your company has met the state’s insurance requirements. It ensures that you have the necessary coverage for your operations within Ohio, including liability and cargo insurance.
The BMC-97: This form is a Certificate of Insurance for freight forwarders and brokers. It verifies that your company has the necessary liability coverage to protect against claims arising from loss or damage to the cargo during transportation.
These filings are critical for obtaining your operating authority and ensuring that your trucking operations are compliant with both Ohio and federal regulations. It is essential to work closely with a commercial truck insurance company in Ohio that can help guide you through your commercial truck insurance filings accurately.
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