There are many facets to trucking insurance. To ensure that you have a policy that meets your needs, it’s best that you work with an agent who understands the industry’s requirements. From commercial truck cargo insurance to various liability coverages, your agent can ensure that you’re properly covered. As you conduct your search for the right company, here are three fundamental coverages that you’ll need to include in your policy.
General Liability Trucking Insurance
General liability insurance protects you in case a third-party suffers an injury or property damage because of your business. If a lawsuit is filed against you, your policy would cover your legal expenses including your attorneys’ fees as well as any damages for which you’re found liable.
Truck Liability Insurance
Truck liability will be the most expensive portion of your policy. It protects you in case you’re the cause of an accident that leads to property damage or bodily injury to a third-party. Like general liability, your policy will cover legal fees and any payments for which you’re liable.
Commercial Truck Cargo Insurance
Truck cargo insurance protects you in case the freight you’re carrying becomes damaged or lost. Your policy will cover the cost to replace or repair the covered items. It’s important to accurately portray your expected load to your carrier as insufficient coverage can prove to be catastrophic.
Trucking insurance agencies are anxious to present you with their best coverage quotes. Rather than decide alone, work with an experienced agent to get the exact policy you need.