The trucking industry is a multi-billion dollar industry that employs millions of people in the United States. Big trucks, including big tractor-trailers, move goods around the country and around the world. Trucks get stuck in traffic; trucks end up at weigh stations—and trucks often damage other cars and trucks. Having Long Haul Truck Insurance is important, and it’s important to compare policies between insurance companies.
When considering the type of truck insurance you need for a long haul truck, you need to know what type of insurance coverage is right for your truck business. 1. General Liability: General liability covers you in case your truck damages property or injures someone in an accident. This coverage is required by almost every state, and can make a huge difference in your peace of mind and your business’ financial situation.
Commercial Trucking Insurance
Owning and operating a trucking business can be fraught with risk, as you haul goods, passengers, and vehicles across the country. For one thing, there are weather and road conditions that can affect the safety of your trips and your equipment. For another thing, your livelihood can depend on your insurance coverage. So, it’s in your best interest to do everything in your power to keep yourself, your crew, and your equipment safe. That’s why commercial trucking insurance is so important. Continue reading to learn more about this vital form of insurance.
Commercial trucking companies need to purchase commercial liability insurance. This type of insurance will pay for medical expenses for any driver(s) or passenger(s) who get hurt while being transported in a commercial truck. Commercial trucking insurance will also pay for property damage to a third party’s property or injuries to another driver if an accident were to occur.
Understand what is covered & what is not
It is common knowledge that commercial truck insurance is risky business. Your chances of getting into an accident go up significantly when carrying cargo, but the risks are even greater to small to mid-sized companies. Not having the right coverage can put your company in jeopardy, so it is important to understand what your policy covers and what it does not.
While you may feel like you’re traveling the country in your truck, you’re actually just driving through state lines. And while that distance may seem short, it can add up to a lot of miles over the course of a year. Therefore, it’s important to understand the insurance laws governing your driving.
Know what type of coverage you need
Long haul truck insurance is unlike other types of truck insurance since you need coverage for more than just driving. Longer haul trucking companies, like FedEx or UPS, require their drivers to carry cargo liability insurance. This protects them in the case of an accident and ensures that the company will pay for any property damage or personal injury. Companies like this also expect their drivers to carry commercial auto insurance coverage that can pay for injuries and property damage during an accident.
Long haul truck drivers must make sure that they have the proper insurance coverage when they hit the road. Long haul truckers are on the road for days or even weeks at a time, so this type of insurance is essential for their safety and the safety of other drivers on the road.
Understand how insurance costs are different
How is insurance for truck drivers different? For many, it’s daunting. It’s expensive, it’s difficult to understand, and sometimes you can’t even get a quote. In trucking, it’s no different. But as you learn a bit about the trucking business, you’ll find that it’s required by law to have insurance. And you’ll learn that choosing the right insurance for your truck is fairly straightforward.
In 2017, the trucking industry saw the highest annual haul on record, totaling more than an estimated $1.4 trillion. That means trucking companies everywhere are hiring new drivers and need to find ways to keep their drivers happy. One way is with better pay and benefits, like the use of a trucker-friendly company. But another is by offering better insurance coverage and rates, including long haul truck insurance.
Find the right policy for your business needs
Truck drivers, who deliver goods and materials to lots of different customers, have to deal with a wide variety of risks and hazards. While they aren’t always avoidable, there are ways to protect your business from risks that can come out of the blue. Long haul truck insurance, also known as commercial trucking insurance, can help. If you are an owner-operator or fleet owner, you need to look at several different options for your trucking insurance. Commercial trucking insurance, or long haul truck insurance, is a broad category of insurance policies that cover vehicles that travel long distances.
Long Haul trucking is a risky business that requires you to be out on the road for a long time. It also means that you need the right vehicle and insurance for it. Luckily, Long Haul Truck Insurance plans can easily be customized for your unique business needs.
In conclusion, Long Haul Truck Insurance is for more than truckers. Whether you are an independently owned business or a large corporation, Long Haul Truck Insurance may be the answer to eliminating the financial ruin from High Risk Drivers and Accidents. Commercial Truck Insurance may be the coverage you need to close your gaps in coverage.