What Should be Included in Trucking Company Insurance

Are you looking to start a trucking company and aren’t sure what insurance you need? You aren’t alone. Starting a business is full of surprises, and there are a number of obstacles you may have never considered before.

Whether you start with just one truck and a driver or you build a large company with teams, shipping vehicles, and lots of cargo, you need to consider insurance.

Liability insurance is the bare minimum you’ll want to cover yourself with, but there are other types of insurance you’ll want to include as well. Read on to find out what you need.

Property Damage and Liability

Trucking company insurance should include property damage and liability protection in case of an accident. This will help cover the cost of repairs or replacement for any property damaged in an accident and any medical expenses for injuries sustained. This type of insurance is essential for any company that owns and operates trucks.

It is essential to ensure that coverage is adequate to protect the business from financial loss.

Body Injury Coverage

Body injury coverage is one of a trucking company’s most important types of insurance. Truck drivers roadside assistance coverage will protect the company financially if one of its truck drivers causes an accident that injures another person.

The coverage will pay for the expenses of the person who was injured, as well as any legal costs that the trucking company may incur. This type of insurance is essential for any company that operates trucks, and it is worth the investment to have this coverage in place.

Uninsured and Underinsured Motorist Protection

Trucking company insurance should include protection in the event of an accident with an uninsured or underinsured motorist. This type of protection can help cover the costs of repairs and any other expenses that may arise from the accident.

It’s essential to have this type of coverage in place so that you and your company are protected financially in the event of an accident.

Medical Payments Coverage

As a business owner, you want to make sure your company is protected in the event of an accident. That’s why trucking company insurance is so important. Medical payment coverage is one of the essential types of coverage. This coverage can help pay for the medical expenses of anyone injured in an accident involving your company’s trucks.

If you don’t have this coverage, you could be on the hook for a lot of money. That’s why ensuring you have the proper range in place is essential.

Cargo Insurance

Trucking company insurance should include cargo insurance to protect the company’s assets in case of a lost or damaged shipment. Cargo insurance can reimburse the company for the cost of the lost or damaged goods, as well as any associated shipping and handling fees.

Cargo insurance can be purchased as an endorsement of a commercial trucking insurance policy or a standalone one.

Having the Best Trucking Company Insurance

Trucking company insurance protects you, your employees, and your business. Ensure your insurance policy covers all bases, including accidents, injuries, and damages. Talk to your insurance agent to ensure you get the best business coverage.

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