Breaking

Insurance Gaps Leave Trailer Operators Vulnerable to Major Claims Exposure

Freight brokers, motor carriers, and trailer leasing companies that allow third parties to operate their equipment face significant uninsured risk, according to industry specialists. Three warning signs indicate potential coverage gaps: dependence on another party's insurance policy, reliance on contingent coverage, and absence of dedicated trailer protection. When a third-party policy is canceled without notice or the policyholder fails to disclose trailer usage to their insurer, coverage can disappear entirely at claim time. Only about 30% of motor carriers maintain trailer interchange coverage, leaving many operators exposed. Dedicated trailer insurance products now offer physical damage, theft, and liability protection on customizable terms. These policies serve operators ranging from those with five trailers to companies managing fleets exceeding 1,000 units. Industry experts recommend carefully reviewing policy exclusions to identify actual coverage limits.