Whether you’re out transporting freight or back at your warehouse, the risks that come along with the trucking industry seem to be ever-present and protecting your business with the right amount of insurance coverage is vital to your long-term success. If you’re a new owner, here are some of the more common commercial truck insurance options that you should expect to include in your policy according to Western Truck Insurance programs.
Truck Liability Insurance
Truck liability insurance is going to be the most expensive part of your policy because it covers you while you’re on the road. If you cause an accident that leads to a third party sustaining injuries or property damage, your policy would cover the costs associated with any lawsuits and repairing the damage you caused.
Transportation of cargo is what your business does. This coverage protects you in case the freight you’re carrying gets damaged or becomes lost. Your policy would cover the cost to repair or replace the impacted items.
Physical Damage Insurance
Physical damage truck insurance is coverage for your investment. It covers the cost to repair or replace your truck or trailer should they become damaged. You can choose to purchase coverage for specific events or go with the recommended comprehensive coverage.
Plenty of other coverages are available to protect you including general liability insurance and truck pollution insurance. Work with your agent to craft a policy that meets your exact needs.