Commercial Truck Insurance: Learning the Basics

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So let’s start with the basics of Commercial Truck Insurance. With these short and informative articles below you can get up to speed fast.

Arm yourself with a little truck insurance knowledge and you will be better prepared to stay in control when shopping for a new policy.

Truck Insurance Coverages

A commercial truck insurance package has many different parts called coverages . There are different ways to cover the many risks you face in operating your truck.

Your coverage decisions will need to be sufficient to protect you from any potential catastrophes. Your livelihood can be taken away in a split second if you don’t have the proper coverages in place.

With the proper amount of insurance, you will have peace of mind knowing that should a loss occur, you will be covered.

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Learn more about the Coverages

Primary Liability Insurance

This insurance is intended to cover damages to someone else’s property, or an injury to someone else during an accident where you are at fault.

General Liability Insurance

This coverage will protect you from risks that happen off the road, such as a slip and fall at your office.

Physical Damage Coverage

This coverage will help fix damage to your truck if you are involved in an accident. This coverage sometimes protects your truck from theft as well.

Motor Truck Cargo Insurance

This coverage protects you if your load is damaged during transit.

Non-Trucking Liability Insurance

This insurance offers coverage for damages or injuries to others while the truck is not dispatched on a job.

Trailer Interchange Insurance

This covers a non-owned trailer being used under a trailer interchange agreement.

Medical Payments Insurance

This insurance covers medical bills if you or a passenger is injured while driving or riding in the truck. The available coverage for this type of commercial truck insurance varies from state to state.

Uninsured Motorist Insurance

This insurance provides protection if you are in an accident with someone who does not have any insurance or does not have enough insurance.

Workers Compensation

If you have employees, this coverage would pay your workers if they were hurt or disabled on the job.

Trucking Umbrella Policy

In most cases you may need more protection than your existing policy maximums. An umbrella policy will provide excess liability coverage.

Questions to ask your Truck Insurance Broker

Selecting commercial truck insurance for your big rig can be a confusing process.  At the end of the day, you want to properly cover your risks so an unforeseen peril doesn’t knock you out of business. You will need to ask several questions before making the final coverage decisions right way.

  • What are the deductibles for the various coverage?
  • How much can I save by raising the deductible?
  • What are the limits for the different coverage?
  • Are my current limits adequate, or am I under-insured?
  • Are there coverage on my policy that I don’t need?
  • What are some ways I can get discounts on my policy?

Remember, Price isn’t everything

As you can see, there are many choices to make for even a basic commercial truck insurance policy. Some truckers make the mistake of choosing their insurance based solely on price. Price is certainly an important factor, but having the proper amount of trucker’s insurance  can be a decision that will make or break your livelihood.

The best way to save is to first determine the proper amount of coverage for your business then compare policies with the proper amount of coverage and select the option that saves the most money.

Get a Easy Quote

Finding the best deal on your truck insurance isn’t easy.

Commercial Truck Insurance HQ can help by bringing you 3 truck insurance agents that will compete for your business. Just review your quotes and pick the winner!

GET THE QUOTE From Commercial Truck Insurance HQ

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