Driving dump trucks presents significant risks, often beyond the risks of smaller trucks. The size and weight of dump trucks, weight of their cargo, and terrain they sometimes go on increase the risk of something going wrong. To protect against these greater risks, Massachusetts businesses that operate dump trucks usually need dump truck insurance.
Dump truck insurance is a specialized type of commercial vehicle insurance specifically for dump trucks. Policies have coverages and limits that take into account the unique risks of these trucks.
Massachusetts businesses generally need dump truck liability insurance if they operate any dump trucks. State law generally requires multiple liability coverages.
In addition to liability coverages, coverages that protect dump trucks themselves are also broadly recommended. Certain ones are likely even required if dump trucks are financed.
Given the need to insure these trucks, a variety of businesses end up purchasing dump truck policies. Contractors, commercial pavers, stone excavators, and owner-operators, among others, routinely get this type of policy.
Dump truck policies typically offer a range of coverages that can be customized based on the specific needs of a business. Some of the essential coverages include:
Dump truck liability insurance coverages, such as general liability, normally cover legal fees and settlements if there’s a covered claim. Coverages that protect against damage to the truck normally pay up to the truck’s value at the time of a covered event.
Non-trucking coverage typically extends protection to when the insured truck is used for non-work-related purposes. This type of coverage is often used by long-haul truckers, who frequently drive their truck for personal reasons during downtime.
Dump truck operators are much less likely than long-haulers to drive their truck for personal reasons. Thus, dump truck operators rarely need this coverage.
If there’s a question as to whether non-trucking coverage should be bought, an insurance agent who knows dump truck and other commercial truck insurance policies well can assist with deciding.
Motor truck cargo coverage can protect a wide variety of cargo, and is readily available for most of the loads that dump trucks transport. While gravel, sand and soil might seem like low-cost goods, the total cost of a load can be substantial. To protect against having to pay for a covered lost load, motor truck cargo coverage is generally recommended.
Larger and heavier dump trucks typically cost a bit more to insure for a few reasons. They could cause more damage in an accident, they may be more likely to get into an accident, and they often cost more to replace if totaled in an accident. These are all risks that insurance companies must account for when underwriting policies.
If you need assistance with insuring a dump truck that’s registered with the Massachusetts RMV, contact the independent insurance agents at Paul T. Murphy Insurance. Our agents will make sure you find dump truck insurance that protects your trucks well.
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This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.
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