When it comes to trucking companies of any size, safety is the most important factor that must be taken into account. In the trucking industry, accidents are always a possibility, regardless of how many preventative measures are taken. You absolutely must get trucker insurance if you want your business to be prepared for the likelihood of truck accidents.
The coverage for commercial vehicles and trailers helps pay for things like legal fees, damage to property, medical bills, and other costs that come up because of an accident. Theft and damage from vandalism or natural disasters are both covered by this policy.
Your policy may be altered to better fit the needs of your company. For instance, a truck that only travels inside the borders of a single state may need less coverage than a freight truck that travels considerable distances over state boundaries.
Who Needs a Commercial Truck Insurance Policy?
Commercial car insurance is required to be purchased for any vehicles owned by a business, including delivery vehicles and semi-trucks. You could need business insurance if any of the following apply to you: You drive a corporate car or a commercial truck.
Provide haul transportation and freight services to customers.
Transport or deliver commodities
The minimum amount of coverage required falls under state rules. Your business vehicle insurance must fulfill your state's liability insurance standards.
What Does Commercial Trucking Insurance Cover?
Trucking insurance should be a top priority for your company, just as minimizing your risk exposure should be a top goal for your organization. In addition to protecting against other potential liability risks, trucking insurance may shield a business against legal action. Commercial trucking insurance needs may differ based on your needs and your licensed Texas insurance representatives can help you evaluate these. However, it is still important to take into consideration the following standard coverage for a trucking operation:
General Liability Coverage
The activities of commercial truck drivers will be protected by the truckers' general liability coverage even if they are taking place on the property of another person. This policy will take care of errors at truck stops and loading docks, for instance. The driver's general liability insurance policy will pay for any errors that occur while the driver is delivering the cargo.
Physical Damage Coverage
Another kind of coverage available for commercial trucks is known as physical damage coverage. Businesses that run the risk of incurring damage to their trucks and the equipment they carry need to have this option available to them. This coverage is effective in the case of a theft or an accident involving a truck.
Non-Trucking Liability Coverage
The finest firms that provide insurance for truck drivers will also provide liability coverage for other vehicles than trucks. Trucking businesses will desire this coverage to cover losses that occur to others when the vehicle is not under dispatch since it will protect their business from liability.
Motor Truck Cargo Insurance
If your company has a loss due to a broken refrigerator, stolen products, the disposal of debris, or flooded cargo, you will want your insurance to cover these insurance costs. Your shipment may be safeguarded with the assistance of motor truck cargo insurance.
Primary Liability Coverage
Your trucks are not covered by your primary liability insurance policy. On the other hand, your insurance company will cover any victim damages that may occur when one of your workers is driving a company car.
When it comes to the premiums for the best commercial truck insurance, the medical payments coverage is where you should put your money. This coverage pays for the driver's or passenger's medical expenditures if they are hurt while riding in or getting out of the business vehicle. It is essential to keep in mind that this regulation will be interpreted differently in each of the states.
You will be relieved to have this policy in place if, for some reason, the person who struck your commercial vehicle does not have liability insurance coverage. Policies for uninsured and under-insured motorists may cover the cost of any repairs that are necessary for this scenario,
Contact the Commercial Trucking Insurance Specialists in Texas
Thumann Agency has been offering Commercial Trucking Insurance to truckers throughout Texas for more than two decades. We provide dependable commercial transportation insurance from well-regarded companies. We can swiftly customize a package that fulfills all of your vehicle and trailer requirements within your budget. Contact us today at 972.991.9100 to schedule an appointment and to request a quote.