There’s a lot more to commercial truck insurance than just covering your truck. Rather than struggle trying to figure out all the coverages you need, it’s best to work with an experienced agent to ensure that your policy aligns with your business needs and meets government regulations. In the meantime, here are some of the coverages that you should expect to include in your policy.
General Liability Trucking Insurance
General liability trucking insurance is broad coverage for third-party lawsuits except those related to a car accident. It protects against injuries and property damage sustained on your premises or using your services.
Truck Liability Insurance
Truck liability insurance is protection for accidents you cause while driving your truck. It’s a required coverage at both the federal and state level and it’s going to be the most expensive coverage in your policy.
Physical Damage Truck Insurance
Physical damage truck insurance is first-party coverage that protects your truck and trailer. You can choose to purchase it for specific perils, which is the cheaper option, or on a comprehensive basis.
Motor Truck Cargo Insurance
Motor truck coverage protects you in case the freight you’re transporting becomes damaged or lost. This part of your policy can be tricky and being underinsured here can prove to be catastrophic.
In such a high-risk environment, you don’t want to take any chances with your insurance. Work with an agent who understands what it takes to have complete coverage from your commercial truck insurance policy.