Flatbed Truck Insurance
Flatbed Truck Insurance
Looking for Flatbed Truck Insurance?
A flatbed truck is a truck-trailer combination where the bed does not have any sides or a roof. There are also many different types of flatbeds, from lowboys to step-decks, each capable of carrying unique types of freight. This makes the truck extremely versatile and capable of hauling what many other trailers cannot due to size.
As one of the most versatile trailers out there, you will have the potential to haul some interesting and large loads others couldn't. This also means that you are open to unique types of claims featuring weather, securement, or theft due to the design and nature of the flatbed trailer.
As transportation risk specialists, we understand your operations and how underwriters think to ensure you get the best results on your insurance.
Flatbed Truck Risks
Load Securement: Flatbeds carry large and heavy objects in an open trailer. To ensure your safety, and that of those around you, ensuring that your load is secured is essential when operating a flatbed. If not, items can come loose, even under normal conditions.
Deadhead: Deadhead miles are an inevitable part of route planning. Flatbed Truckers should be concerned about running empty because a flatbed trailer is very light. If you operate in wet or snowy conditions, an empty flatbed trailer has a higher chance of jackknifing.
Big Loads: One of the benefits of operating a flatbed is that you can haul big or oversized loads that other trailer types can't handle. These large loads have the severe stability issues and even the potential of falling off the trailer.
Theft: Flatbeds are open, this is its signature feature. The problem is that since the cargo is out in the open, it has a higher chance of theft than many other types of freight.
Weather: Another risk that arises from operating an open trailer is that your load is exposed to the elements. Some loads may require tarps or other protective items to ensure the preservation of the load. Check the dispatch requirements and be aware of your environment to avoid any cargo claims.
Flatbed Truck Insurance
Unique Insurance Considerations
Physical Damage: Physical damage is always recommended to protect your truck and trailer from damage or loss. Flatbeds should consider adding ramp, chain, tarp, and binder coverage to their physical damage to make sure that the equipment you use to secure and protect your load is also covered under your policy.
Cargo Coverage: Flatbeds can carry a wide variety of freight. Since you have so many options to choose from, you need to consider the value of the freight you will haul. Also, you need to check your policy for any weather or theft-related exclusions you may have that may impact your protection in case of a loss.
Why Insurance Matters
When you own a flatbed trucking business, you need to ensure that you are covered for any potential losses that might occur. It’s not just your truck you have to worry about. Insurance helps make sure that you stay compliant with state laws and avoid the many headaches that come with dealing with potentially devasting financial losses.
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