Excess Limits Coverage
How does Excess Liability insurance work?
Trucking Excess Limits insurance is a layer of protection over and above your other liability coverage limits.
Here’s How It Works
Like all trucking companies, you are required to carry a minimum of $750,000 in Commercial Auto Liability insurance. When you’re faced with a large legal settlement, medical costs, or any other covered catastrophic expense, your core Auto Liability policy covers those costs up to its $750,000 limit. Once the underlying Auto Liability policy’s coverage limit has been met, your Commercial Excess Liability policy kicks in and pays your settlement cost up to the policy limit you selected.
Benefits of a Great West Trucking Excess Limits Policy
For more than 70 years, Great West has been exclusively serving the insurance needs of businesses like yours in the trucking industry. Our only focus is on trucking, so we understand the real risks motor carriers and owner-operators face on the road and while you oversee your operations.
A Great West Commercial Excess Liability Provides:
- Increased protection for your trucking company, its assets, employees, and customers
- A way to meet contract requirements that exceed your primary liability policy coverage limits
- Flexible payment options — premium is not fully earned and is subject to pro rata return if you cancel the policy
- Pollution coverage which increases from Great West’s Primary Auto and General Liability policies to this coverage
- An extra level of security for your vendors, shippers, and clients
Trucking Excess Liability Policy Rates and Limits
Trucking Excess Liability insurance is sold in $1 million increments, and Great West provides motor carriers up to $4 million in Excess Limits coverage. The cost of a policy varies depending on your operation and the type of materials you haul.
