Truck insurance coverage
Truck insurance policies offer coverage for most types of trucks, including:
- Box trucks
- Semi trucks
- Flatbed trucks
- Front loaders
- Tank trucks
- Dump trucks
- Auto hauler trailers
- Garbage trucks
- Pickup trucks
- Flatbed trailers and many more.
Most Truckers’ insurance policies cover:
- Bodily Injury: covers the medical bills and the potential lawsuit costs that may arise from an accident that was your fault. This also covers someone who might slip and fall on your property.
- Damaged Property/Damaged Commodities: If your truck damages someone’s property, this will cover the cost to fix and replace the property. Also, general liability insurance will cover the cost and damages if you deliver commodities to the wrong address.
- Driver Accidents At Delivery Locations: Many variables fit under this particular category, but if your driver causes any damage to property at another site, your general liability will cover the damage.
- Libel, Slander, & False Advertising Claims: If you conduct any sort of advertising or represent your brand out on the road, general liability coverage also helps out in the event of a libel, slander, or false advertising lawsuit.
Additional coverage options you can purchase include:
- Motor Truck Cargo Insurance: If you suffer cargo damage through accident, disaster, or getting stranded in an ice storm or traffic jam, this insurance endorsement will protect your commodities and any products/items you haul.
- Bobtail Insurance Coverage: In an accident with just your truck and no trailer attached. this coverage could be added by endorsement and covers accidents that happen specifically when the truck is not being used for a job.
- Uninsured/Underinsurance Motorists Coverage: covers your medical payments as well as the damage to your truck if you were hit by another at fault party that happened to not be insured or under inured.
- Reefer Breakdown Coverage: A refrigerated truck might have its own equipment and mechanisms to worry about. This specific endorsement to a trucking insurance policy would cover the cost of lost cargo, refrigeration breakdown, or damage of product due to a collision.
There are many factors that determine the cost of truckers insurance premium. This includes the age of the drivers as well as their driving record, the type of truck you are driving and the commodities you are hauling and far you are driving. You can help lower the cost of your insurance coverage by hiring drivers with a clean driving record and making to sure they maintain their clean record by driving carefully. Implementing safety driving classes and seminars for employees could help getting an additional discount on your policy. Raising your deductible is another option.
Commercial insurance should be customized for each risk. There are a lot of unique and unusual risks. So please make sure to speak directly to an gent to make sure you are covered properly.
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