Are you looking for commercial truck insurance to cover your new business? While the process of finding insurance may seem difficult because of all the coverage options and insider terminology, there are three basic coverages that you should be sure to include in your policy.
General Liability Insurance
General liability is protection against bodily harm or property damage caused to a third party that doesn’t involve an accident. For example, if a client injures themselves on your property and files a lawsuit, your policy would cover your legal expenses and any damages for which you’re found liable.
Truck Liability Insurance
Truck liability is protection against bodily harm or property damage caused to a third party that does involve an accident where you’re at fault. Like personal auto insurance, your policy will cover your expenses related to the accident whether it be to repair the third party’s property or to pay for their medical bills. Truck liability is likely going to be the most expensive part of your policy.
Cargo insurance is as important as any other part of your policy because it covers the items that you’re going to be transporting. You want to make sure you have adequate protection here because lack of coverage can be detrimental to your company if the goods become damaged or lost.
There are several other factors that make up a complete commercial truck insurance policy. Work with an experienced agent to craft a policy that’s right for your business.