Published on July 31st, 2012 | by admin
Commercial Truck Insurance
Trucking companies require a special kind of insurance coverage to avoid financial loss in the event a trucker experiences an accident. Not only do expensive trucks need coverage, but merchandise being shipped also needs to be covered as well. Commercial truck insurance is specifically offered by companies that specialize in covering damages and loss to both the vehicle and the merchandise being shipped. Finding commercial truck insurance is best done online by visiting several different websites.
However, it’s important for business owners to examine their exact needs when shopping for the right policy. The first question a business owner should ask themselves when shopping for commercial truck insurance is whether or not their drivers transport goods from warehouses. In addition to this question, it’s also important for business owners to ask themselves whether or not their drivers do the loading and the unloading of expensive cargo. Questions like these will dictate the type of commercial truck insurance that a trucking company will need. Another important factor to consider is whether or not drivers are using company vehicles.
Some trucking companies allow employees to own their own trucks, which also plays a huge role with the type of commercial truck insurance that is needed. Some commercial truck insurance policies offer medical coverage, which is important for covering drivers for injuries that may occur during an accident. Companies that offer commercial truck insurance policies specifically focus on addition coverage for flat bed trucks and trailers that are refrigerated for transporting items sensitive to heat.
In addition to the many unique variables that a trucking company needs insurance for, there are minimum state requirements that need to be met for commercial truck insurance. Searching online and speaking with a representative from DMV is the best way to find out what the minimum requirements are for commercial truck insurance. Every state requires commercial truck insurance to offer liability coverage, which dictates the base price of any insurance policy. Adding additional coverage and the driving experience of drivers will both affect the final cost of an insurance policy. Trucking companies would be unable to stay in business without the proper coverage for their drivers on the road.