Trucking insurance is important to have if you operate a truck, but it may be even more important if you have your own trucking company. Many dangerous things can happen nowadays to a truck on the road – theft is not unheard of, and unexpected failures or other damages are surprisingly common. With proper insurance, you can rest assured that no matter what happens to your trucking business, you’ll be appropriately reimbursed for your losses.
Here are some important coverage aspects that you need to know about regarding trucker’s insurance:- Physical damage – This covers your trucks and trailers. Its cost depends on how expensive your fleet is – for example, 10 percent of the value per year. Although this coverage is not a legal requirement in every place, you should seriously consider having it.
- Primary auto liability – Federal law may require this coverage, even on leased trucks. Liability insurance protects you if a third party is hurt in a trucking accident.
- General liability protection – This will cover your trucking business in the event that an employee suffers some kind of physical injury outside of driving a truck.
There are several excellent trucking coverage providers. One of the best is the Great West Casualty Company, which is one of the largest trucking insurers in the United States. For more than sixty years, Great West has insured trucking companies and professionals. A.M. Best gives this insurance company a Superior rating and you should request a quote from them before you look at other insurance companies.
Western Truck Insurance Services also covers trucking companies and has done so for more than 50 years. You should give them a look as well before you decide on a particular trucking insurer.
