Compared with ordinary auto insurance, commercial trucking insurance needs to cover not just bigger risks, but a wider range of risks. The potential costs of damage to property and medical bills is higher simply because a truck can have a bigger impact in a collision. Meanwhile, you’ll also need to be covered for the potential loss of, or damage to, cargo.
The principles behind commercial truck policies are simple enough, but be prepared to answer a lot of questions about the type of people you have operating the trucks, the type of cargo they carry and the expected mileage during the year. Your policy could also depend on whether or not you operate across state lines.
Discounts may be available based on factors such as your staff holding commercial driver’s licenses, or your business being well-established. You should also check whether or not your policy includes state and federal filings, which are guarantees that your coverage meets specified standards. Having such filings may be necessary to get government contracts.
For more details on covering your commercial trucks, contact us today.