Glossary of Commercial Trucking and Insurance Terms
Trucking insurance has its own industry-specific language, used to define a broad range of coverage.
This list of commonly used terms will help you better understand what is required by the government, and what coverages your specific risk requires in the way of deductibles and other variables.
Covers bodily injury to others and damages to the property of others resulting from automobile accidents caused by the insured.
Auto Physical Damage
Collision coverage insures damage to an auto owned by the insured by collision with another object or by overturn. Comprehensive coverage insures damage to an auto owned by the insured by any peril other than collision or overturn. Specified Peril coverage insures damage to an auto owned by the insured by specific perils (normally does not include glass breakage).
Motor Truck Cargo filing sent to the Federal Highway Administration by the insurance company as proof of insurance.
Motor Truck Cargo filing sent to the Federal Highway Administration by the insurance company canceling the BMC34.
Auto Liability filing sent to the Federal Highway Administration by the insurance company canceling the BMC91 (X).
Auto Liability filing sent to the Federal Highway Administration by the insurance company as proof of liability insurance.
Any physical injury to a person.
Central Analysis Bureau, Inc. (CAB) is a service organization for the motor carrier insurance industry dedicated to assisting underwriters with their motor carrier and passenger carrier insureds and prospective insureds.
CA99 48 Endorsement
Auto Liability policy endorsement broadening pollution coverage.
Cyber Liability is designed to protect your company’s assets by helping to cover the costs associated with a security breach.
Directors & Officers Insurance Information
Directors & Officers insurance covers financial liability claims against a company's officers and directors, including the CEO, chief financial officer, vice presidents, and shareholder-elected directors. Employment practices claims are now the most common lawsuits brought against a company's management.
Employers Liability Coverage
This is coverage B of the standard Workers Compensation policy. It provides coverage against the common law liability of an employer for injuries to employees as distinguished from the liability imposed by a Workers Compensation law. Employers Liability applies in situations where a worker does not come under these laws.
Employment Practices Liability
Covers the legal liability of insureds in their capacity as employers for damages caused by covered wrongful employment practices.
Form E Filing
Auto Liability filing sent to a specific state by the insurance company as proof of insurance.
Form F Endorsement
Auto Liability policy endorsement indicating the states that have been sent a Form E filing
Form H Filing
Motor Truck Cargo filing sent to a specific state by the insurance company as proof of insurance.
Form I Endorsement
Motor Truck Cargo policy endorsement indicating the states that have been sent a Form H filing.
Form K Filing
Auto Liability filing sent to a specific state by the insurance company canceling the Form E filing.
Form K Filing
Motor Truck Cargo filing sent to a specific state by the insurance company canceling the Form H filing.
Covers the loss exposures arising from a business’ premises and operations, its products or its work.
Hired Auto Liability
Covers bodily injury to others if insured causes an accident while they are driving a leased, hired, rented or borrowed vehicle for business use.
Hired Auto Physical Damage
Provides loss or damage to an auto, which the insured leases, rents, borrows or hires on a short-term basis.
Longshoremen’s and Harbor Worker's Act
A federal act that stipulates compensation levels for injured longshoremen harbor workers. This includes any adjoining dry dock, wharf, pier, terminal, marine railway, building-way or other adjoining area usually used by an employer in loading, repairing, dismantling, unloading, or building a vessel.
Auto Liability endorsement evidencing that a motor carrier has the minimum amounts of financial responsibility required by the federal government.
Motor Truck Cargo
Provides coverage for loss or damage to the property that a motor carrier is transporting.
Non-Owned Auto Liability
Covers bodily injury to others caused by a vehicle not owned by the insured but driven by an insured employee while on company business.
Auto Liability policy endorsement required by the State of Ohio for obtaining special hauling permits for oversize and /or overweight motor carriers.
Direct or indirect damage to property
Extends coverage to include the breakdown or failure of a refrigerating unit.
Stevedore's Legal Liability Insurance Policy
Will cover your liability for loss or damage to ships, their cargoes, wharves, piers, and docks while the ship is being either loaded or unloaded.
Trailer Interchange Legal Liability
Provides coverage for loss or damage to trailers not owned by the insured while in the insured’s possession under a written “trailer” or “equipment” interchange agreement in which insured assumes liability for loss to the trailer while in their possession.
“Wet Steel” Endorsement
Extends coverage to include damage to cargo caused by “dampness, moisture, rain, snow, sleet, or hail” unless property is not maintained and secured with a waterproof tarpaulin.
Wharf Owners Liability Insurance (Wharfinger) or Landing Dock Liability
Will cover your liability for physical loss or damage to vessels, equipment and their cargoes, freight or other interest while in the insured's custody at landing or mooring facilities owned or operated by the insured.
(1) A schedule of benefits payable to an employee by his employer without regard to liability, required by state law in the case of injury, disability, or death as the result of occupational hazards. (2) Employee injury claims that are not covered by workers compensation statues.