3 Types of Truck Insurance For Your Business

3 Types of Truck Insurance For Your Business

When it comes to your commercial trucking company, there are a few things you need in place to operate smoothly and legally. Insurance is one cost you should not overlook. Here are three of the most common types of insurance you should purchase.

Commercial Auto Liability

Liability insurance is legally required for commercial trucks, just like states require insurance for regular drivers. This type of coverage protects you and your drivers from claims from injured parties in the event of an incident where you are liable. The experts at Western Truck Insurance note that liability insurance needs to be reported to both state and federal agencies. 

Motor Truck Cargo Insurance

This type of insurance covers the goods your trucks haul. While there are some limitations, cargo insurance is a good measure to protect not only your client’s goods but also your business’s reputation. If you have motor truck cargo insurance, in most cases you will not be liable for the load your truck carries if something were to damage it.

Physical Damage Coverage

Finally, physical damage coverage is the insurance you need to protect your trucks. Damage insurance can fall into two categories, comprehensive and collision. Usually, you will need a combination of coverages to cover both vehicle-to-vehicle accidents and any other type of incident.

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