Coverage for Commercial Truck Insurance?

Insuring commercial trucks is essential because of the unique risks faced by the trucking industry.

Trucking Companies Should Have General Liability Coverage

If one of your vehicles were involved in an accident, general liability insurance would pay for any resulting medical expenses, legal defense costs, and property damage. No matter who is blamed, liability insurance will cover the expense of defending you in court.

Compensation Policies for Employees

The majority of states mandate that businesses carry workers' compensation insurance country. It compensates employees for missed wages, medical bills, rehabilitation expenditures, etc. Since a single driver is responsible for transporting a large cargo volume, it is in the company's best interest to ensure the health and safety of each driver.

Trucking Company's Excess Liability Insurance

When your primary policy limits are exhausted, commercial umbrella insurance kicks in to help. Let's say your vehicle collides with a downtown office building. Your commercial liability coverage is inadequate to pay the cost of the claim against you for property damage, but your workers' compensation policy will cover your driver's injuries. Umbrella insurance may assist in paying for anything above your primary policy's limits.

Do I Need More Than Just Commercial Auto Insurance for My Trucking Company?

Your trucking company needs more than just commercial auto insurance.

With commercial vehicle insurance, you can get coverage for your company automobile while driving to and from work, but that won't help you if your reefer breaks down or you lose goods.

A standard truck can carry more weight and go further than any other commercial vehicle. Consequently, truck insurance policies need higher limits than commercial car policies. Bobtail insurance is an essential protection that is only sometimes included in business motor policies.

In addition, your customers and shippers will always want insurance documentation before doing business with you. Customers will only feel comfortable trusting you with their precious goods if your fleet is adequately covered by insurance.