This business involves particular hazards, and for this, commercial trucking has very specific insurance requirements. The easiest way to protect your trucking company is to meet and exceed those requirements.
There are many risks associated with trucking from the people driving the trucks, the cargo they are carrying, and the safety of their equipment. Unfortunately, as with all drivers, being on the road is one of the top risks, resulting in highway crashes and weather-related accidents.
As with any business, operating a trucking company carries the possibility of hazards. The trucking business is nevertheless open to far more claims and mishaps. Here are a few of the most typical perils associated with commercial trucking.
It is important to understand what is and is not protected, as this type of policy does not provide coverage for damage to your own business property.
If someone suffers an injury and your business is at fault, general liability insurance can help with those expenses. For example, you may be covered for payment of the medical bills for the injured party, or in the worst case scenario for burial expenses, when directly related to a trucking injury. It may also be possible to pay for legal fees and fines related to court-ordered judgments.
When operating a commercial trucking company, accidents may occur causing physical injury to drivers, passengers and others on the road. Due to the increasing costs of medical treatment, it is important to keep in mind the amount of insurance necessary to adequately protect your trucking company.
Problems can also be a result of the conduct of your drivers. These mistakes and other issues, whether they occur at a loading dock, on the road or at a truck stop, may give rise to legal action. Some of these issues could occur while driving such as falling asleep at the wheel and causing a crash, others could occur while at rest stops.
General liability insurance can offer protection in these special situations. Although this category may appear broad, it has the potential to shield your firm from a variety of problems that can result in a claim being made against it.
General liability insurance is particularly recommended for businesses operating in the transportation sector. As one of the most fundamental types of insurance, this will offer assistance when you need it most.
What is covered under general liability insurance? This is an important question to consider if you own or operate a commercial trucking company and are considering general liability insurance coverage. Typically, there are several situations that are covered. These include:
Having these components of coverage can be the difference between a thriving business or bankruptcy when faced with claims involving injuries, medical payments or product damage.
For the commercial trucking industry, insurance is important to cover key aspects of the daily job when issues arise. If you are an independent trucker, or you own and operate a trucking company, this insurance is key in protecting drivers and the company from a lawsuit if an issue occurs.
By working with an experienced insurance group, you can be assured that you are getting the best coverage based on their wide based knowledge. A reputable provider will help you bundle policies, making purchasing insurance even easier.
Insurance providers that understand the requirements of the commercial trucking industry are necessary when purchasing commercial trucking insurance. They will understand the specific requirements, and the nuances that apply to the type of trucking company you have.
Trust your trucking company to the insurance company with a proven track record in this industry. Contact Pro Insurance Group for commercial trucking insurance or calling 833-619-0770 to get started.