Insurance Glossary
Trucking insurance can be confusing. We break down the key terms and concepts in plain English.
Bobtail Insurance
Coverage for driving your truck without a trailer attached, outside of dispatch.
Certificate of Insurance (COI)
A document proving you carry active insurance coverage, required by shippers and brokers.
Contingent Cargo Insurance
Backup cargo coverage that activates when a carrier's own cargo policy fails to pay.
Inland Marine Insurance
Coverage for equipment, tools, and property in transit or stored at temporary locations.
Loss Run Report
A claims history report from your insurance company used when shopping for new coverage.
Motor Carrier Authority
The federal operating license (MC number) required to haul freight for hire across state lines.
Non-Trucking Liability (NTL)
Liability coverage for using your truck for personal purposes when not under dispatch.
Occupational Accident Insurance
Medical and disability coverage for independent truckers injured on the job.
SR-22 Filing
A state-required proof of financial responsibility filed by your insurer after certain violations.
Surety Bond (BMC-84)
A $75,000 bond required by the FMCSA for freight brokers and freight forwarders.
Have Questions?
Our team is happy to explain any insurance term or concept. No question is too basic.