• Liability Insurance – Required Coverage that shields other motorists when you’re at fault. It includes:
• Bodily Injury – which remunerates for medical bills if the other motorist is injured
• Property Damage – which pays for damage dealt to a vehicle or other property
• Collision Coverage – reimburses for damage to your truck or tanker in an accident concerning another vehicle.
• Comprehensive Coverage – compensates for any losses you encounter from something other than a collision. This comprises fire, theft, and damage from animals.
• Cargo Insurance – insures your cargo from accidents. This insurance is more expensive for oil tankers and other hazardous commodities.
• Pollution Liability – This protects you if your load spills and contaminates the environment.
• Debris Removal – Essential for Oil Tankers, this Coverage reimburses for the clean up of any non-hazardous spilled shipment.
• Specified Peril – also known as Combined Additional Coverage, or CAC, covers a distinct type of damage that you pick. For example, tank truck drivers will often select fire damage for this Coverage.
• Earned Freight – If you’re in an accident and can’t deliver your freight, the insurance company pays for any lost income.

To make sure your truck’s repair or replacement is covered, you should also get physical damage insurance. It consists of two types of coverage. The first one is collision insurance that will pay if your truck has been in a crash, collided with another object or overturned. The second coverage is comprehensive insurance, which will pay for the damage from non-collision incidents.