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In order to operate , all trucking companies, small or large have to have Auto liability. 

 Auto Liability can be written as a combined single limit (CSL) or with split limits. The Federal Motor Carrier Safety Administration requires all trucking and transportation companies to carry a minimum limit of liability coverage. The limits vary depending on the class of vehicle hauling freight or passengers. For example, if you are operating trucks over 10,000 GVWR, then you will need to carry a minimum of $750,000 to $1,000,000 liability limit. 

Cargo liability is purchased to cover any direct physical damage to  commodities and goods . It’s one of the first coverage items a prospective shipper/broker wants to verify before offering a load to a motor carrier.

Shippers want to know that their products are covered for the full value of the load, and they are rightly concerned about the limit of the cargo coverage a motor carrier carries.  Cargo coverage forms vary widely among insurance carriers. , the Cargo coverage can be more notable for what is not  covered rather than what is covered.

Physical Damage insurance pays for damage to purchased or leased equipment in the event of a loss.

Physical Damage is generally broken up into two types of coverages: Comprehensive coverage and Collision coverage. Collision provides coverage in the event of a collision or overturn, while Comprehensive coverage is meant to cover a majority of the other physical damage losses. These losses might include fire, theft, vandalism, windstorm, or contact with an animal.

Comprehensive coverage and collision coverage are handled as two separate coverages. Collision coverage is generally more expensive and also has a larger impact on your renewal pricing in the event of a loss. The idea is that someone with a collision accident may be statistically more of a risk than someone who had hail damage.

It should also be mentioned that Physical Damage will not pay for normal  “wear and tear”. Normal, expected deterioration of the equipment is not covered by this coverage. A few potential examples of this exclusion are a rusted part, worn brake pad, or a blown transmission.