TRUCKING INSURANCE

Progressive thinking, innovation, and teamwork bring you the highest-quality customer service in the industry.

Request a Quote

ALLOW GOLD RIVER INSURANCE PROTECT YOU FROM UNFORSEEN CONTIGENCIES

Our Trucking Insurance covers  all types truck related unforseen contingencies.

 

TRUCKING INSURANCE

Gold River Insurance is proud to support our local business community. We’ve served as a true partner in meeting the goals of businesses that contribute to the economy right here at home, providing our neighbors with not only outstanding services but also job opportunities.

Gold Trucking Insurance specialists are here to meet the needs of all your personal property & casualty insurance needs. We can offer coverage for personal auto, homeowner’s, renter’s, or condo insurance for your residence. In addition, we also offer many different types of supplementary coverage such as flood or earthquake.

Our capabilities extend to any type of personal or recreational vehicle. These coverages include but are not limited to: auto, motorcycle, motor home, boat or marine, and personal watercraft. If you are in the market for a personal umbrella policy, Gold River is your go-to source.

 

AUTO HAULERS INSURANCE

EXCESS & UMBRELLA

FREIGHT BROKERAGE INSURANCE

FLAT BED INSURANCE

FLEET TRUCK INSURANCE

GENERAL LIABILITY INSURANCE

HARZADIOUS – MATERIALS  INSURANCE

PHYSICAL DAMAGE INSURANCE

WORKERS COMPENSATION

NEW VENTURE  TRUCK & TRAILER INSURANCE

 

HIGH RISK INSURANCE

NON TRUCKING INSURANCE

REEFER TRUCK INSURANCE

TOWING INSURANCE

MOTOR TRUCK CARGO INSURANCE

SHIPPERS INTEREST INSURANCE

BROKERS BOND INSURANCE

 

AUTO HAULERS INSURANCE

Auto Hauler Insurance is a large investment that can pay off well over time. Car carriers are expensive, and if damaged in an auto accident the repairs can really put a dent in your bottom line. When you own a car hauling business such as transport companies, car dealerships or repossession company to name a few, you need to purchase various types of insurance related to vehicle transport. And it’s not just your truck you have to worry about. If anything were to happen to any of the cars or truck you are hauling it would come out of your paycheck. 

Gold River Insurance brokerage has programs specifically aimed at car hauling operations across the US. It is important that you discuss the appropriate coverage with a qualified insurance agent that understands the risk.

EXCESS & UMBRELLA

Trucking Umbrella or Excess Liability Insurance is an essential coverage option for truckers and trucking fleets. If you cause an accident, do you have enough coverage from your current policies to protect you? Your primary liability limits can be easily exhausted if you are slapped with a lawsuit. Your umbrella policy will kick-in when your other resources have been depleted and are not able to completely cover the costs.

How does Trucking Umbrella or Excess Liability Insurance protect your trucking business?

Umbrella liability and excess liability policies add another layer of protection to any of several other policies that you might hold, including general liability, employer’s liability, and commercial auto liability policies. For instance, if you have $1 million in commercial auto liability coverage and a covered claim is settled for $1.5 million, your company’s umbrella liability insurance policy would pick up the additional amount.

Gold River Insurance can provide umbrella and excess liability limits of from $1,000,000 up to $50,000,000 through a number of “A” rated, financially sound insurance carriers.

FREIGHT BROKERAGE INSURANCE

Auto Liability Coverage

Auto liability insurance coverage helps cover the costs of the other driver’s property and bodily injuries if you’re found at fault in an accident.

The auto liability coverage definition may sound simple enough, but here’s a real life example: you’re at a four-way stop a few blocks from your house. You’ve done this route hundreds of times, so you don’t notice that it’s technically the other car’s turn to go – until it’s too late. The next thing you know; you’ve smashed into another driver’s car in the middle of the intersection.

We will work with the other driver’s insurance company to determine who is at fault (if you live in a no-fault state). If you have liability insurance, we will cover costs for the driver’s damaged car, minus your deductible, and up to your covered limit.

What does auto liability insurance cover?

Liability insurance actually consists of two types of auto coverage:

  • Bodily injury liability protection applies to the medical expenses of the other party if you are found at fault in the accident. In some circumstances, it may even cover lost wages and/or legal fees if the injured party files a lawsuit.
  • Property damage liability protection applies to damages to property resulting from a covered accident in which you’re at fault. It may cover the other party’s vehicle repair or replacement costs, as well as other property that may have been damaged in the accident, such as fences, structures, phone poles and other types of property.

Minimum liability limits for each of these coverage types vary depending on which state you live in. Liability coverage cannot be used to pay for your vehicular damage or personal injury costs. For that, you will need comprehensive and/or collision coverage.

FLATBED TRUCK INSURANCE

Flatbed trucks may carry any number of materials, from construction materials to sheet metal, heavy machinery and oil field equipment. Often flatbed trucks will carry oversized loads which require special state permits.

The most common accidents involving flatbed trucks are cargo shifting and cargo spills, so the focus of our flatbed truck insurance policies is to provide comprehensive coverage for when these incidents arise.

A well-tailored Flatbed Truck Insurance policy contains these coverages:

 

  • Comprehensive – protects your tractor and flatbed trailer against fire, theft, vandalism and other causes of loss.
  • Collision – protects your equipment in an event of roll over, impact with other vehicle or stationary object.
  • Coverage for ramps, chains, tarps and binders – to protect your valuable equipment against theft, collision, fire and other causes of loss.
  • Towing and Storage – provides coverage for expenses related to towing and storage of damaged equipment.
  • Combined Deductibles – this coverage allows you to pay only one deductible in the event a loss occurs involving both physical damage and cargo.
  • Loading & Unloading – provides coverage for the commodity while it is being loaded or unloaded.
  • Debris Removal – provides coverage for reasonable and necessary costs to remove debris caused by and resulting from a covered loss.
  • Broadened Pollution – provides liability coverage for the discharge of pollutants which are in, upon, owned, being transported by, loaded or unloaded from a covered auto.
  • Earned Freight – replaces income lost when a load cannot be delivered due to a covered cargo loss.
  • Sue and Labor – covers costs related to preventing further loss to damaged cargo. Also known as loss mitigation.

FLEET TRUCK INSURANCE

Our comprehensive trucking fleet insurance program has the ability to package many of your insurance coverages including auto liability, physical damage, general liability and motor cargo into one convenient policy.

Everything is handled in one place at our office, so you won’t have to deal with being transferred to multiple people within different companies.

Most of our trucking fleet insurance carriers will offer safety consulting & seminars and as well as FMCSA compliance at little or no cost to you.

Most fleet truck insurance policies will be written on a Scheduled Vehicles basis. Every vehicle that you operate must be reported and listed on your policy. This method eliminates the complexity in premium calculations and also eliminates the potential for premium increases due to higher than expected mileage or revenue. Conversely, if the trucking company has swings in business, i.e. has periods of time when some of its fleet sits, per unit rate wouldn’t be beneficial because the insurance bill is due whether the trucks are in use or not.



GENERAL LIABILITY INSURANCE

General Liability Insurance coverage (GL) helps protect your business from property damage claims, bodily injury claims and personal and advertising injury claims that could put your business assets at risk.

 Commercial General Liability insurance (CGL), also known as Business Liability Insurance or General Liability Insurance provides coverage for customer injuries, damage to others’ property, and lawsuits. It can help pay for medical expenses as well as legal costs if an incident leads to a lawsuit.

 Consider Gold River Insurance for your Commercial Liability Insurance, it offers some of the broadest business insurance coverage available today.




HIGH RISK TRUCK INSURANCE

Gold River Insurance Brokerage is a leading expert in truck Insurance solutions for high risk market. We have access to a number of very exclusive insurance markets  that specialize in working with distressed operations that are in need of specialised programs tailored to high risk Truck Insurance

It is our aim and objective as an agency to work with customers to help them improve their operation over the course of time in order to qualify for more standard market truck insurance prices. As one of the leading high risk truck insurance brokers in the country, Gold River Insurance is well versed in placing insurance coverage for drivers and companies that might struggle to find insurance coverage options.

Gold River Insurance is also an expert in new venture truck insurance. We have numerous insurance markets that are willing to work with new venture trucking companies to provide insurance coverage to get your truck or trucks on the road.

IT’S OUR BUSINESS TO PROTECT YOUR BUSINESS

Examples of the types of operations insured in the high risk truck insurance marketplace include:

  • Truck insurance cancellations by current provider
  • Large shock losses
  • High CSA scores
  • High SMS scores
  • High out of service percentages (OOS)
  • Elevated CAB scores
  • Multiple alerts
  • Conditional safety ratings
  • High loss frequency
  • Driver experience
  • Newly licensed drivers
  • New venture truck insurance
  • Poor credit scores
  • State assigned risk pool
  • High risk cargo

HARZADIOUS MATERIAL INSURANCE

Hazmat Truck Insurance program is designed for hazardous material or waste transporters, including pollution coverage.

Hazardous materials hauling is highly regulated by state and federal laws in order to ensure public safety. Additional restrictions are imposed on such hazardous freight regarding how it can be transported and what type of insurance policy can be used. Depending on the class of hazardous materials hauled, hazmat trucks are mandated by law to provide insurance liability from $1,000,000 to $5,000,000 per accident. Imagine the huge costs of damages if a fuel tanker explodes on a busy highway and you will understand why.

RiverGold Trucking Insurance, as a leading provider of hazmat truck insurance policies, understands the unique safety concerns of the companies engaged in the transportation of hazardous materials and hazardous waste. We have both the expertise and the infrastructure to offer superior insurance products and services that not only meet the safety-sensitive requirements of this industry but also exceed our customers’ expectations.

How we’ve become a leading agency for hazmat truck insurance:

  1. Our relationships and market clout allow us to secure the most competitive terms on your policy.
  2. We can help with DOT Safety and compliance.
  3. We can provide custom analysis of your SMS/CSA scores and recommendations on how to reduce your scores.
  4. MVR and Pre-Employment Screening Reports (PSP) for drivers.
  5. Discounts on truck dash camera systems from our network of providers.
  6. 24/7 online access to your certificate of insurance –send a certificate anytime, anywhere.
  7. Dedicated safety engineer to work with you in order to reduce frequency of claims and accidents.
  8. We will handle policy changes in an intelligent, timely and accurate manner.
  9. When It comes time for renewal, we will work with you to secure the most competitive terms on the market. 

Insurance Coverages You Need 

  1. A well-designed Hazmat Truck Insurance policy contains these coverages:
  • Pollution Liability (CA9948) — this endorsement provides coverage for cleanup expenses due to an accident, including damages arising out of the discharge of pollutants which are in, upon, owned, being transported by, loaded or unloaded from a covered auto. Every well-designed hazmat truck insurance policy should contain this provision.
  • Excess Liability — provides an additional layer of liability coverage in excess of the hazmat trucker’s primary liability limits, up to $50,000,000.
  • Collision & Comprehensive — to protect your tractor and trailer against collision or from upset, overturn, fire, theft, vandalism, and other causes of loss.
  • Hazmat Hauler’s General Liability — provides liability coverage for non-trucking related claims, such as wrongful delivery of liquids. Often required by contract.
  • Combined Deductibles — this coverage allows you to pay only one deductible in the event a loss occurs involving both physical damage and cargo.
  • Loading & Unloading — provides cargo coverage for the commodity while it is being loaded or unloaded.
  • Medical Payments or Personal Injury Protection — pays medical and other expenses to driver and the passengers in your vehicle who are injured during an accident, regardless of fault.
  • Downtime — you can add downtime coverage to your physical damage policy to provide added protection against lost income if you have a covered loss. Downtime coverage can help you keep your truck payment and other bills current if a covered loss renders your vehicle inoperable for an extended period of time. Most of our carriers offer downtime limits of $100 per day up to 35 days, subject to policy limitations.
  • Loan or Lease Gap — sometimes trucks and trailers depreciate faster than the equipment financed value. Loan or lease gap coverage can help assure that a total vehicle loss does not leave you “upside down” on your loan or lease.
  • Truck Rental Reimbursement — having a collision or comprehensive loss doesn’t mean you have to stop working. When you add truck rental reimbursement coverage to your physical damage policy you can rent a replacement truck and trailer and receive reimbursement for a large part of the rental cost.

PHYSICAL DAMAGE INSURANCE

Buying or leasing a truck is a huge investment.  For many truckers, investing in a truck means putting up most or all of their savings. 

Most people don’t have enough savings to replace their truck if it were to be totaled. This is where physical damage insurance kicks in and replaces or fixes your truck if it’s wrecked in an accident.

Physical Damage Insurance covers your truck if it is damaged. It consists of two different parts, Collision and Comprehensive.

Collision – This part of the coverage pays for damage to your truck when it collides with another vehicle or object.

Comprehensive – This pays for almost every other peril your truck might face such as vandalism, fire and theft.

WORKERS COMPENSATION INSURANCE

AS A BUSINESS OWNER, AN INTEGRAL PART OF YOUR SUCCESS DEPENDS UPON THE HEALTH AND SAFETY OF YOUR EMPLOYEES

Employers are legally obligated to take reasonable care to assure that their workplaces are safe. Nevertheless, accidents happen. When they do, workers compensation insurance provides coverage.

 Workers compensation insurance serves two purposes: It assures that injured workers get medical care and compensation for a portion of the income they lose while they are unable to return to work and it usually protects employers from lawsuits by workers injured while working.

Workers receive benefits regardless of who was at fault in the accident. If a worker is killed while working, workers comp (as it is often abbreviated) provides death benefits for the worker’s dependents.

YOUR PARTNER FOR WORKERS’ COMPENSATION COVERAGE

At Gold River Insurance Brokerage, we assist in keeping your workers’ compensation insurance costs at a minimum and bearable level by supplying risk management services. An effective safety program will assure that your employees are injury-free, and your insurance premiums are low and affordable..

Gold River Insurance Brokerage has the capability and expatriate to find the right coverage for tough-to-place risks, such as trucking and manufacturing. For owner-operator truck drivers, we can provide occupational accident insurance through our exclusive programs. Our extensive knowledge of workers’ compensation laws allows you to be rest assured that your employees are covered in the most cost-efficient manner.

NEW VENTURE  TRUCK & TRAILER INSURANCE

Are you an entrepreneur planning to start a trucking business or company? River Gold insurance brokerage specializes in insuring new venture trucking companies.

We have several programs that have been designed for trucking companies that will allow start-ups to target the most appropriate market.

Many insurance markets might shy away from new ventures due to experience factors, but our insurance agents and expatriates understand the market and can quickly identify the most appropriate fit for your company. 

TYPES OF NEW VENTURE PROGRAMS

  • ICC authority
  • Intrastate trucking company insurance
  • Low down payments
  • New authority insurance
  • Physical damage
  • Flexible financing plans
  • Intermediate truck insurance plans
  • Local truck insurance programs
  • Non-trucking liability and bobtail insurance
  • Risk retention groups
  • High risk insurance
  • Interstate truck insurance
  • Long haul trucking insurance
  • Moving & storage
  • Owner-operator programs
  • Towing
  • First dollar programs

HIGH RISK INSURANCE

Gold River Insurance Brokerage is a leading expert in truck insurance solutions for the high risk market. We have access to a number of very exclusive insurance markets that specialize in working with distressed operations that are in need of specialized programs tailored to high risk truck insurance. 

It is our aim and objective as an agency to work with customers to help them improve their operation over the course of time in order to qualify for more standard market truck insurance prices. As one of the leading high risk truck insurance brokers in the country, Gold River Insurance is well versed in placing insurance coverage for drivers and companies that might struggle to find insurance coverage options.

Gold River Insurance is also an expert in new venture truck insurance. We have numerous insurance markets that are willing to work with new venture trucking companies to provide insurance coverage to get your truck or trucks on the road.

IT’S OUR BUSINESS TO PROTECT YOUR BUSINESS

Examples of the types of operations insured in the high risk truck insurance marketplace include:

  • Truck insurance cancellations by current provider
  • Large shock losses
  • High CSA scores
  • High SMS scores
  • High out of service percentages (OOS)
  • Elevated CAB scores
  • Multiple alerts
  • Conditional safety ratings
  • High loss frequency
  • Driver experience
  • Newly licensed drivers
  • New venture truck insurance
  • Poor credit scores
  • State assigned risk pool
  • High risk cargo

NON TRUCKING INSURANCE

Non-Trucking Liability Insurance (NTLI) provides coverage in case you cause an accident while you are using your vehicle for non-business or personal use other than transporting goods or merchandise. Non-Trucking Liability coverage does not apply when you are pulling a loaded trailer, operating on behalf of a motor carrier / leasing company, or using a vehicle for any revenue generating purpose. These types of activities are covered by primary liability coverage. If a motor carrier is providing your primary liability coverage, their coverage will not apply when you are not under dispatch and you’ll need non-trucking liability coverage.

Non-Trucking provides protection for:

  1. The owner-operator, for liability when driving the tractor while not in the business of trucking;

The motor carrier, from liability when a permanently leased contract driver is not under dispatch.

What is Non-trucking Liability Insurance, (NTLI)?

Commonly referred to as bobtail insurance, NTL is liability insurance for the owner/operator when he is operating his commercial motor vehicle NOT under dispatch. NTL is in most cases, required by the motor carrier with whom the owner/operator has signed a lease agreement. This insurance fills a potential gap for non-business use of the equipment, and helps to protect the motor carrier’s primary liability policy. Non-trucking is not the same as bobtail insurance, so please verify with your motor carrier which coverage they require; in almost all cases, the requirement will be NTL.

Why do I need Non-Trucking Liability Insurance?

When an owner/operator leases on to a motor carrier, the commercial auto liability policy of that motor carrier will provide coverage while the owner/operator is under dispatch. However, since the leased operator owns the equipment, there are times when that vehicle may be operated not under dispatch; non-trucking liability provides coverage if you were to damage another person’s property or even injure them during personal use of your commercial vehicle.

When does non-trucking liability coverage kick in?

Generally speaking, non-trucking liability is coverage for non-business use and so, the motor carrier’s liability policy will cover you from the dispatch point, through pick-up and delivery and back to point of origin. Any personal use between your return, and the next dispatch should be covered under NTL.



REEFER INSURANCE

Companies specializing in the transport of refrigerated goods face unique challenges in acquiring insurance given the perishable nature of the commodities being hauled and the specialized refrigeration equipment used in trucks to prevent food spoilage.

Gold River Insurance Reefer Truck Insurance program covers refrigerated trucks which haul fruits, vegetables, dairy products, seafood, and other perishable foods on a consistent basis. One of the chief considerations of a comprehensive reefer truck insurance policy is full coverage of refrigerated cargo as this is one of the few classifications of cargo which can potentially spoil during transportation. Companies specializing in the transport of refrigerated goods often use trucks with refrigerated trailers which may need specialty insurance of their own.

TOWING INSURANCE

We provide custom towing insurance products that offer superior coverage at a competitive price. 

As a tow truck operator, don’t you face enough danger from angry people, dangerous roads and heavy machinery? Let us remove the danger of having the wrong insurance coverage. Our policies meet the strict standards of your vendors.

Towing Programs

  • Auto liability
  • Business auto
  • BOP or Business Owners Policy
  • Cargo
  • Flexible finance options
  • Garage keepers insurance
  • General liability
  • New venture insurance
  • On-Hook coverage
  • Physical damage
  • Property
  • Roadside program

MOTOR TRUCK CARGO INSURANCE

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 Gold River  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.

Limits, deductibles, and other details

When you select Motor Truck Cargo insurance, you have to select a limit for your coverage. This limit determines the maximum amount your insurance company will pay for damaged or destroyed cargo. You also need to choose a deductible. A deductible is the amount you agree to pay out of pocket when you have a claim. Choosing a higher deductible is an easy way to lower the price of your insurance, but be sure you choose a deductible that you can afford to pay out of pocket at any time.

Exceptions and restrictions

Motor Truck Cargo insurance is only available for for-hire trucking risks on policies with one or more of the following body types: dump truck, tractor, most trailers, box trucks, cement mixers, cargo vans, dually pickups, flatbeds and car haulers.

WHAT AM I REQUIRED TO MAINTAIN BY LAW?

There is no longer a federal mandate of cargo insurance for motor carriers who do not transport household goods. However, it is imperative that trucking companies purchase cargo insurance to adequately protect that goods transported. Many cargo insurance policies contain exclusions and deductibles which may limit insurance coverage. The typical coverage for a for-hire motor carrier is $100,000, but may increase based on commodities hauled and shipper or broker requirements.



TRUCKING INSURANCE

Every shipment is different. That is why we offer customized coverage for each client, either big or small, constantly or occasionally. If we can ship it, We can insure it.

Gold River Insurance Brokerage proudly provides the highest claims capacity and broadest coverage in the industry. Our access to world-class underwriters expertise allows us to cover all risks, and all types of goods. Whether typically ship through major parcel carriers, or traffic large shipments in LTL or FTL volumes via freight carriers- no matter what you ship, we have you covered.

BROKERS BOND INSURANCE

In order to operate legally as a transportation broker, a freight broker bond is required by the FMCSA (Federal Motor Carrier Safety Administration). Also known as a Property Broker’s Surety Bond, BMC-84, or an ICC Bond.A surety bond is a contract between at least three parties:

  • The obligee – the party who is the recipient of an obligation (Federal Government)
  • The principal – the primary party who will be performing the contractual obligation, (Broker)
  • The surety – who assures the obligee that the principal can perform the task (Bonding company



Contact Us

Gold River Insurance Brokerage is a full-service independent brokerage in Brooklyn, NY.