Commercial car insurance provides coverage for the cars, vans and trucks used in business. It can be purchased to cover all types of vehicles, from ordinary cars to larger commercial vehicles such as trucks, work cars and service cars. Different companies require different types of commercial car insurance. Commercial truck insurance is a type of commercial car insurance that is designed to protect against the risks of the truck industry.
Why are the insurance requirements different for commercial loading?
Trucking is another activity than driving in a commercial vehicle for work. Truck drivers transport large quantities of materials or goods over long distances for many hours at a time, many times over state lines. They are covered by Federal Motor Carrier Safety Administration (FMCSA) regulations and are required by these regulations to carry specific insurance minimums. The truck industry faces different risks on a daily basis than a company that uses cars and vans to drive.
What types of coverage are included in a commercial truck insurance package?
The two basic types of commercial truck insurance are general. responsibility and primary responsibility. A general liability insurance policy covers:
- Damage to property and raw materials: It provides coverage for damage caused by your truck to someone else's property, as well as damage to goods you pull (eg if they are delivered in error place).
- Personal Injury: If your truck causes personal injury, your commercial truck insurance will pay for the resulting medical bills and cover you at trial. It can also help you protect yourself from liability if another person is injured on your property.
- False Advertising, Defamation and Defamation: General Liability Protection helps protect you against defamation, libel or false advertising trials. This protection may be needed if you use any form of advertising.
Primary liability insurance is also required for truck drivers according to the FMCSA rules. It is designed to protect others from bodily injury or property damage if a truck causes an accident.
Can other types of coverage be included in commercial cargo insurance?
Talk to our knowledgeable agent for information on different types of commercial truck insurance services you may need to fully protect your business.
Any additional coverage may include:
- Bobtail insurance: This covers you for accidents that may occur when your truck is not used for a job. Such a crash would only involve the truck, not the trailer.
- Coverage for subdivision of deferral: This policy supplement covers costs for cooling of refrigerators, lost cargo and damage to products (with certain exceptions) caused by a collision.
- Truck Insurance for Motor Vehicles: This insurance can help protect you from financial loss due to cargo damage caused by a disaster, such as an ice storm or a traffic jam.