Types Of Commercial Truck Insurance
Let’s categorize trucking insurance. That by types of commercial vehicles:
- Semis (tractor-trailers or 18-wheelers).
- Dump trucks.
- Garbage trucks.
- Car haulers and auto trailers.
- Tow trucks.
- Flatbed trucks.
- Tank trucks.
- Box trucks.
What does Commercial Truck Insurance cover?
Like car insurance policies, trucking insurance comes with types of coverage. Each is specifically designed to protect your business. Also, your personal assets from catastrophic loss. The coverage you need may include:
Trucking insurance – Liability:
- In the first place, it covers your liability risks. In case you or an employee causes damage. Your commercial truck liability will include bodily injury. It covers the costs of medical expenses of third parties. Additionally, liability for the cost of property damage. Your commercial truck liability insurance will typically also cover the costs of legal defense. Regardless of who is at fault.
Trucking Insurance – Physical damage coverage:
- First, it covers the costs of damage to your vehicle. In addition, collision coverage to pay for damage from a crash. Together with comprehensive coverage to pay for damage from theft. It will also include vandalism and other causes.
Uninsured/under insured motorists coverage:
- At the same time, this covers the costs of injuries and damages. In the event that you or one of your employees is in an accident. Similarly to liability, an accident where another driver is at fault. Especially when the other driver does not have adequate coverage. In the manner, they can’t pay for your injuries and property damage.
Trucking Insurance – cargo coverage:
- Equally important, covers damage or theft of items your truck is hauling.
*In addition to these types of coverage, you will have many other options. Theses will cover your specific concerns. For example, when your employees sometimes need to drive their own vehicles. That, in the course of business. You may want a non-owned vehicles policy. This coverage will protect you and your drivers from the costs associated with accidents. Accidents that occur during business hours. In the event of an employee driving a vehicle that your company does not own.