Commercial truck insurance can be tailored to your specific needs based on the business type and duties, potential risks you may encounter, the number of trucks in your fleet, and whether or not trucks are driven across state lines. You’re best off speaking with an experienced independent insurance agent, one that will ensure that your business obtains the best possible coverage for its unique needs.
Basic options for commercial truck coverage
There are numerous factors to consider when insuring your truck with commercial truck insurance in Texas. Liability insurance is mandatory as it will pay for any damage you or your employees might cause while operating the vehicles. Driving without this policy is an offense likely to result in heavy penalties and fines. You may also opt to purchase physical damage coverage. While not a legal requirement, this insurance covers the truck against perils like fire, theft, and flood damage.
Motor truck cargo insurance covers the load you’re carrying. It isn’t mandatory but some shipping companies are likely to insist upon it. Bobtail insurance is also popular among some companies that regularly use trucks in their daily operations. Also known as deadhead, or non-trucking liability, this policy, while not required, pays for property damage or injuries caused while the trailer is detached from your truck. For example, if an employee drops off their load and trailer and is then involved in an accident, while in transit, on their way to picking up their next load.
An independent insurance agent can provide you with side-by-side comparisons of different commercial truck insurance in Texas for clients based on business needs. Your quote will be primarily based on the type of trucks, the number of drivers you employ and their current driving records, what items will be transported (hazardous, non-hazardous), the number of miles driven annually, and length of travel (interstate versus intrastate).
This all plays an important role in determining the best type of insurance, the amounts of coverage, the costs you’ll pay for premiums, and deductibles you’ll pay based on what you decide you’ll want to pay in the event of a claim. Get a quote today.