Because being responsible is part of the job
Trucking companies can better demonstrate their commitment to going above and beyond for their customers by being responsible and honoring client agreements.
It’s not uncommon for carriers to transfer, trade, or share trailers while transporting freight. Interchange agreements often include a provision holding the trucking company responsible for any damages to a non-owned trailer or container while in their possession.
However, standard coverage may not be enough to ensure the trucking company is protected and that their customers will be adequately compensated in the event of a loss.
Trailer interchange insurance provides extra coverage under a trailer interchange agreement. Having this additional coverage shows customers that the trucking company is responsible enough to secure additional coverage in the event a customer’s trailer becomes damaged or stolen while in their care, as per the client agreement.
At Across America Insurance, we can help you provide your commercial trucking business clients with the additional protection of a trailer interchange policy as part of a comprehensive risk management program.
Trailer Interchange Insurance FAQs
Does a trailer interchange agreement automatically make the carrier financially responsible for damages done to a trailer while in the trucking company’s care?
It’s not uncommon for a trailer interchange contract to include a clause stating that the trucker who is in possession of the trailer is liable for any damages. However, for an added layer of protection, the owner of the trailer may request that all carriers who may be hauling the trailer secure trailer interchange insurance.
Can trailer interchange insurance be added to a trucker’s liability policy?
Yes. Trailer interchange insurance can be added to a trucking liability policy. Coverage protects the non-owned trailer and the driver from losses that include collision, fire, vandalism, explosion, and theft.
Is trailer interchange insurance subject to a deductible?
Yes. A policy will only pay out on a covered claim after the deductible has been paid by the trucking company. If you aren’t sure which deductible is right for your clients, the experts at Across America Insurance can help.