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When looking for a business trailer policy, you’ll likely find it under commercial auto insurance. Policies cover a wide range of trailer types, so make sure yours is covered before signing up.
Commercial car insurance covers vehicles and trailers used for business purposes and occasional personal use. You can get coverage for most trailers including:
Coverage for trailers is typically more comprehensive than what you can get with car insurance.
Yes, how you use your trailer will determine how much and what kind of coverage you need.
Truck trailers — specifically for multi-ton loads — can be insured as part of a rigid truck or as a detachable trailer for prime movers. This includes:
You’ll typically want liability coverage, cargo coverage and collision coverage for these kinds of trailers.
You can often tailor business insurance policies to cover refrigerated trailers, also known as reefers.
Food trucks and food trailers will also have similar requirements as other food trailers, in addition to the standard commercial car insurance coverage.
Consider including other types of business insurance, like workers’ compensation and commercial property coverage, plus any required liability coverage for your industry.
Expect to pay anywhere from $250 to $1,000 a month per trailer. Many factors go into calculating the cost of commercial trailer insurance, such as:
Trailer insurance requirements vary by state. Some states only require that you carry commercial vehicle insurance, not trailer insurance. Keep in mind that even if your commercial policy extends to your trailer, it might not cover you in all situations.
For example, a commercial vehicle policy might only cover liability, or when you cause an accident. If you want to be protected against damage to your trailer from a collision or theft and damage to the contents of your trailer, you’ll likely need a more comprehensive trailer policy.
If you use a trailer for business purposes, look for a commercial auto policy that covers your trailer and business type. Compare your options to get the best deal on the right coverage.
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