Insure My Rig Trucking Insurance Terminology

BMC91 (X)
Auto Liability filing sent to the Federal Highway Administration by the insurance company as proof of liability insurance.

BMC35
Auto Liability filing sent to the Federal Highway Administration by the insurance company canceling the BMC91 (X).

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 K Filing
Auto Liability filing sent to a specific state by the insurance company canceling the Form E filing.

MCS-90 Endorsement
Auto Liability endorsement evidencing that a motor carrier has the minimum amounts of financial responsibility required by the federal government.

OS-32 Endorsement
Auto Liability policy endorsement required by the State of Ohio for obtaining special hauling permits for oversize and /or overweight motor carriers.

CA99 48 Endorsement
Auto Liability policy endorsement broadening pollution coverage

BMC34
Motor Truck Cargo filing sent to the Federal Highway Administration by the insurance company as proof of insurance.

BMC35
Motor Truck Cargo filing sent to the Federal Highway Administration by the insurance company canceling the BMC34.

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
Motor Truck Cargo filing sent to a specific state by the insurance company canceling the Form H filing.

Bodily Injury
Any physical injury to a person

Property Damage
Direct or indirect damage to property

CAB
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.

General Liability
Covers the loss exposures arising from a business’ premises and operations, its products or its work.

Auto Liability
Covers bodily injury to others and damages to the property of others resulting from automobile accidents caused by the insured.

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.

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 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).

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.

Hired Auto Physical Damage
Provides loss or damage to an auto, which the insured leases, rents, borrows or hires on a short-term basis.

Motor Truck Cargo
Provides coverage for loss or damage to the property that a motor carrier is transporting.

Refrigeration Breakdown
Extends coverage to include the breakdown or failure of a refrigerating unit.

“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.

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.

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.

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.

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.

Employment Practices Liability
Covers the legal liability of insureds in their capacity as employers for damages caused by covered wrongful employment practices.

Actual Cash Value
The sum of money required to pay for damages or lost property, computed on the basis of replacement value less its depreciation by obsolescence or general wear.

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.

Workers Compensation
(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.