Commercial truck insurance isn’t just beneficial. In many instances, it’s required either by government agencies or by potential business partners to conduct business. Here are three of the key coverages that you’ll need to include in your new insurance policy.
Truck Liability Insurance
Truck liability insurance is most likely going to be the most expensive portion of your policy. It protects you against injuries and property damage if you cause an accident and proof of coverage is required by state and federal agencies.
General Liability Truck Insurance
General liability insurance is general coverage in case a 3rd party sustains an injury or property damage on your premises, using one of your products or services, or because you didn’t satisfy a contract. If a lawsuit is filed for such a scenario, your policy would cover your legal fees as well as any damages for which you’re found liable.
If you want to protect the freight you’re carrying against damage or loss, then you’ll also need to carry cargo insurance. These policies usually come with a load limit per vehicle, so you’ll want to make sure that you have proper measurements for what you’re going to be transporting. Underestimating your load can be detrimental to your business if something were to happen.
You’ll also need coverages such as pollution liability and property insurance to name a few. Work with an agent who’s experienced with commercial truck insurance to ensure that you get the coverage you need.