Carrying a commercial truck insurance policy ensures that both the driver and any other motorists are compensated in the event of accidental injury or damage that may occur in a crash. The two major types of truck insurance that exist include general liability and physical damage plans.
General liability typically covers business employees and any independent truck owner/operators you may hire for a specific haul. This type of insurance policy will take care of damage sustained in an accident by the other motorist(s). This type of protection is required by law no matter the circumstances under which a commercial truck is being operated.
Physical damage coverage protects against damage done to your personal property–for example, any trucks you may own and use for your business–regardless of who’s at fault in the accident. A comprehensive insurance policy will cover you in the event of such unforeseen events as theft, fire, flood and earthquakes, all of which are among the many dangers that exist on the road.
When you buy commercial truck insurance, it’s important to make sure that your policy maximums are equivalent to your estimated repair or replacement expenses. Don’t forget to also factor in state and government restrictions when deciding on the level of coverage to purchase. The experts at Statewide Insurance can help you sort out these issues and determine which insurance plan currently on the market best meets your business needs: call or e-mail us today for an estimate.