Understanding the Different Types of Commercial Truck Insurance and Which Is Right for Your Business
When running a commercial trucking business, having the right insurance coverage is essential to protect your vehicles, drivers, and cargo. With so many options available, it can be difficult to determine which insurance policies are the best fit for your needs. This article will simplify the different types of commercial truck insurance and help you choose the best commercial truck insurance for your business. 1. Liability Insurance Liability insurance is the most basic and necessary form of coverage for commercial trucks. It protects against damage or injury your truck may cause to other vehicles, property, or people. Liability insurance is required by law in many states for all commercial vehicles. What It Covers: - Bodily Injury Liability: Covers medical costs and legal fees if your driver causes injury to someone else. - Property Damage Liability: Pays for damage caused to other people’s property by your truck. When You Need It: All commercial trucks need liability insurance to pr...