There are many different services provided by those that work in the trucking industry, but regardless of what product they are transporting or the size of the rig being driven, having comprehensive insurance coverage is the first step in risk management. When working with the professional team at Transguard truck insurance, your drivers can take to the road with the peace of mind that their liabilities are covered.
General vs Unique Liabilities
A basic trucking policy will cover general liabilities, which typically include theft, vandalism, personal injury accidents during loading or unloading, and vehicle accidents on the roadway or in a parking lot. With unique coverage situations, special policies are written to address circumstances that are specific to your business. For instance, those who operate moving trucks have different risks with their contents than those who transport fuel or chemicals around the country. Because of the variety of these unique liabilities, it is best to work with an insurance company that knows your industry.
A Budget for Coverage
The size of your company and the type of work you do are just some of the factors that will impact the cost of insurance. However, not having insurance coverage or not having enough coverage could result in financial losses (legal fees, court settlements, replacement purchases, etc. ) that can ruin your company.