What type of coverage is designed to insure common carriers that transport people or property for hire?

The correct answer is Truckers Coverage Form because this type of coverage is specifically tailored for businesses that transport goods or for-hire carriers, including those that use trucks as a primary mode of transport. It provides broad protection for vehicles engaged in commercial activities and ensures that the carrier is protected against risks such as cargo loss or damage, liability for injuries to others, and damage to the vehicles themselves.

This coverage is crucial for ensuring that businesses operating as common carriers meet legal requirements and manage the unique risks associated with transporting goods or people. It's a specialized insurance product that addresses the complexities of commercial transport, distinguishing it from standard personal auto insurance policies.

While private passenger coverage would be insufficient for commercial use, and commercial auto coverage is more generic, the Truckers Coverage Form is specifically designed to fit the needs of those in the business of transporting goods for hire. Owner Operator Coverage is typically focused on owner-operators who might not be covered under a general commercial auto policy, further differentiating it from the broader focus of the Truckers Coverage Form.