Three Key Insurance Coverage For Truckers

Owning a trucking company is a risky proposition. With such risks, it’s imperative that you carry an appropriate amount of insurance to protect your investment. If you’re unsure about where to start, here are three basic coverages that you should plan on including in your policy.

Truck Cargo Insurance

As seen on, cargo insurance provides protection for the freight that you’re transporting in the event of loss or damage. This coverage is very specific to the load you’re going to be carrying, so you’ll need to be precise when making your purchase. Not having enough coverage can prove to be costly.

Truck Liability Insurance

Truck liability insurance may be the most important coverage in your policy as well as the most expensive. It protects you in case of any accidents you cause while driving and is required by both state and federal agencies. Since it covers the primary (and riskiest) activity of your business, you want to make sure you have the right amount of coverage here.

Physical Damage Truck Insurance

Physical damage truck insurance is first-party coverage for your truck and trailer against damage and loss. You can purchase coverage against specific incidents, which is the cheaper option, or you can purchase comprehensive coverage.
Other coverage options are available to protect your truck as well as other property from loss and liability. Be sure to work with an experienced agent to obtain the coverage that’s appropriate for you.