The commercial trucking business can have greater risks for accidents and damages to other people’s property than the average business. These risks can make a trucking company or independent truck operator susceptible to huge liabilities that can be covered by a commercial truck insurance policy. Here are a few examples of coverage.
Collision and Comprehensive Insurance
This can be considered a basic type of insurance for truckers. A collision policy can provide coverage for injuries and damage to the trucker’s property and the property of others in an accident that may have been caused by the trucker. A comprehensive policy can cover damages to both the truck and other people’s property caused by events other than collisions.
If you or your truckers are transporting cargo or a trailer full of goods that become damaged during transport, a cargo insurance policy can cover the cost of the damage to the items being transported. It may also cover the cost of the cargo if it is lost or destroyed.
Bobtail insurance can cover your truck when it may not be carrying cargo or a trailer. This may be after the cargo or trailers have been delivered to their destinations or when the truck is driven for personal use.
Even the most careful and skilled drivers can have accidents. Having the right commercial truck insurance policy can protect you if an accident occurs.