Which Massachusetts businesses should get flatbed truck insurance?
Massachusetts state law generally mandates minimum insurance requirements, and additional protections are recommended. Flatbed policies are usually the best way to get coverage for these trucks.
Some specific examples of businesses that frequently use these trucks, and therefore should consider a flatbed truck policy, include:
- Residential and commercial construction companies
- Road construction and repair companies
- Manufacturers and builders of mobile homes
- Manufacturers and installers of windmills
- Manufacturers and services of commercial mowing equipment
- Farmers who transport equipment on these trucks
- Secondary car lots that buy multiple vehicles at auctions
There are still many other businesses that use flatbeds and may want this type of policy.
What coverages are available via flatbed truck insurance policies?
Flatbed truck insurance policies generally offer all state-required coverages, along with many additional coverage options. In most cases, businesses opt for a level of protection that surpasses the state's minimum requirements.
The coverages that businesses ultimately get often include a mix of property and liability protections for the trucks. Property coverages primarily protect assets (including the truck itself) from damage. Liability coverages mainly protect a business against lawsuits arising from accidents.
Examples of property coverages that businesses may need or want desire include:
- Comprehensive Coverage: May cover non-collision damage to the flatbed, usually extending protection to incidents such as theft, fire and animal strikes.
- Collision Coverage: May cover collision damage to the flatbed, usually extending protection when the truck is in an accident with at least one other vehicle.
- Ramp, Binder, Chain & Tarp Coverage: May cover damage to or loss of ramps, binders, chains, tarps and safety equipment on the truck.
- Loading & Unloading Coverage: May cover damage to or loss of cargo during loading and unloading of the truck.
- Towing & Storage Coverage: May cover storage costs while a truck is out of commission following a valid claim.
- Earned Freight Coverage: May cover compensation for accounts receivables losses following a valid claim.
Examples of liability coverages that businesses may want include:
- General Liability Coverage: Might protect against common accidents (non-vehicle) that occur on or near a truck or on a business's premises.
- Bodily Injury Liability Coverage: Might protect against injuries to individuals outside of the truck, such as other vehicles' passengers, that occur in a collision.
- Property Damage Liability Coverage: Might protect against damage to others' property, including other drivers' vehicles, that occurs in a collision.
- Commercial Umbrella Coverage: Might protect by providing additional coverage for large lawsuits and claims that exceed other liability coverages' limits.
An insurance agent specializing in flatbed truck policies can help businesses explore all available coverage options, and create a customized plan that provides the protections they need.
Can flatbed tow trucks use flatbed truck insurance?
While flatbed tow trucks could theoretically find all necessary coverages within a flatbed truck policy, such a policy would likely be excessive. These policies are primarily designed for full-size flatbeds that carry large and heavy loads, and not for tow trucks that pull a single vehicle.
A tow truck policy is likely a more suitable choice for all tow trucks, including flatbed ones.
How can businesses in Massachusetts get a flatbed insurance policy?
For assistance in insuring Massachusetts-registered flatbed trucks, reach out to the independent insurance agents at Scotti Insurance Agency. Our agents have expertise in commercial truck insurance policies, including flatbed insurance policies. We'll make sure you find a policy that protects your trucks and your business well.