3 Must-Have Insurance Coverages For Trucking Companies


Unfortunately for many new business owners, obtaining that insurance can be a challenging process due to the number of coverages required and the unfamiliar terminology. If you’re new to owning a trucking business and searching for insurance, here are three coverages that you must include in your policy.

Truck Liability Insurance

Truck liability insurance is the most important and the most expensive part of your policy. It protects you in the event that you cause an accident while driving your truck. Your policy would cover the costs associated with making the third party and their property whole.

Physical Damage Insurance

Physical damage insurance is protection for your truck and trailer. Its a flexible coverage in that you can choose coverage for certain perils or you can go with comprehensive coverage. As seen on www.truckinsure.com/, its recommended that you choose the comprehensive option to limit any confusion later on about what exactly is covered.

Cargo Insurance

Transporting cargo is the most important part of your business and you want to make sure you have the proper coverage. In the event that the freight that your transporting becomes damaged or lost, your policy would cover the cost to repair or replace those items. Its key that you provide an accurate estimate of what you’re going to be carrying, as a lack of coverage can prove to be detrimental to your company in case of an accident.

Plenty of other options are available to protect you on whether or not you’re driving. Work with an experienced agent to build a policy that’s appropriate for your needs.