
Every business requires automobiles for the supply and delivery of their goods and services. For trucking businesses or truck drivers, a commercial trucking insurance policy is vital to protect and secure the business as well as the personnel.
WHAT IS COMMERCIAL TRUCKING INSURANCE?
All your trucking needs will be covered with commercial trucking insurance. Commercial trucking insurance is a group of insurance auto policies that are focused on protecting and ensuring safety for your truck needs.
If you're a truck driver and drive it on your own, you require primary liability insurance.
A primary liability policy will only cover the damage caused to another vehicle or a person at the time of an accident. It aims to protect the public.
A general liability policy offers protection in the case of lawsuits or false claims to your business.
TYPES OF COMMERCIAL TRUCKING PLAN COVERAGES
- Physical damage coverage
- General liability coverage
- Bobtail coverage
- Cargo coverage
- Primary liability coverage
- Uninsured motorist coverage
Physical damage coverage: Protection of your commercial vehicle for any physical damage caused. Physical damage includes - collision, comprehensive, theft, fire, natural disasters etc. A truck damaged beyond repair will be replaced with this coverage.
General liability coverage: It protects you in case your driver causes bodily or property damage in the event of an accident. A driver’s action is covered with general liability coverage. All delivery mistakes made by the truck driver are covered under this insurance coverage.
Bobtail coverage: Bobtail coverage protects you when truck drivers drive for any personal use or are off dispatch. When the truck is used to make money, driving for a trucking company or even pulling a trailer, this coverage doesn't protect the truck drivers. This coverage is also called non-trucking liability.
Cargo coverage: If your truck is involved in loss or damage to the cargo on board, cargo coverage provides protection. The premium on the coverage depends upon the freight type.
Primary liability coverage: According to the law, it is vital to have this coverage similar to general liability coverage. When a third party is injured in the event of an accident, primary liability insurance provides the required coverage.
Uninsured motorist coverage: If another person doesn’t have liability insurance, uninsured insurance coverage protects you from it.
METHODS TO SAVE ON COMMERCIAL TRUCK INSURANC
- Hiring skilled drivers.
- Pay premiums in full.
- Make adjustments according to the cargo hauled.
- Safe driving awareness class for employees
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