The trucking industry is filled with risks. As a result, owners must take extra precaution to make sure that they carry an adequate amount of insurance coverage. Below are four of the coverages you should expect to include in your policy as you initiate discussions with transportation insurance companies.
General Liability Insurance
General liability is a broad coverage that protects your business in case a third party sustains an injury or property damage because of your business. This can because of a fall on your premises or because of damage caused by your products or services.
Truck Liability Insurance
Truck liability is usually the most expensive coverage in your policy. It provides coverage for your business in case you’re in an accident with your truck and found to be at fault.
Physical Damage Truck Insurance
Physical damage insurance protects your investment in case of an accident that causes it to become damaged. It’s similar to comprehensive auto coverage except that it only covers certain events, which causes it to be slightly cheaper than comprehensive insurance.
Motor truck cargo insurance protects you in case the cargo you’re carrying becomes damaged or lost. This is an important part of your policy as not having enough insurance to cover your load can be detrimental to your business.
Other insurance options are available to cover you and your property. The best transportation insurance companies can help you craft a policy which includes the necessary coverages to keep you protected.