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A Guide to Commercial Trucking Insurance Requirements

Chad Green

Safety remains a paramount concern for all trucking enterprises, despite meticulous precautions; accidents are an unfortunate reality.

Table of Contents
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  • Commercial Trucking Insurance Options
    • General Liability Coverage
    • Primary Liability Coverage
    • Physical Damage Coverage
    • Non-Trucking Liability Coverage
    • Motor Truck Cargo Coverage
    • Medical Payment Coverage
    • Uninsured/Underinsured Motorists Coverage
    • Cost of Commercial Truck Insurance

To safeguard your company against potential trucking mishaps, securing adequate trucking insurance, including trucking commercial insurance, and short term truck insurance, is essential. Explore the diverse coverage options outlined below.

Commercial Trucking Insurance Options

Just as prioritizing risk mitigation is crucial for your business, so is securing trucking insurance, which can shield your company from legal liabilities and other risks.

Consider the following common coverage options for trucking operations:

General Liability Coverage

This coverage protects against liabilities arising from actions conducted by drivers while on others’ premises. It encompasses errors made at truck stops, loading docks, and during the delivery process.

Primary Liability Coverage

While not covering owned trucks, this insurance compensates for damages inflicted by employees operating commercial vehicles.

Physical Damage Coverage

Essential for businesses requiring truck repairs or equipment replacement due to accidents or theft.

Non-Trucking Liability Coverage

This policy addresses damages occurring when trucks are not on official dispatch.

Motor Truck Cargo Coverage

Safeguards against various risks including refrigeration breakdown, theft, or damage to cargo.

Medical Payment Coverage

Covers medical expenses for drivers or passengers injured in or by commercial vehicles, albeit varying across states.

Uninsured/Underinsured Motorists Coverage

Crucial in the event of accidents involving uninsured or underinsured drivers.

Cost of Commercial Truck Insurance

While the expense of semi-truck insurance is notable, the protection it provides outweighs the cost. Typically ranging from $8,000 to $14,000, obtaining quotes can help determine precise costs.

The Necessity of Trucking Insurance

Every commercial trucking venture necessitates insurance coverage to mitigate unforeseen risks. These outlined coverage options are indispensable for comprehensive protection.

Procuring suitable insurance for trucking plans ranks among the initial steps when establishing a trucking business. Selecting the right provider ensures optimal utilization of insurance investments.

If you’re looking for a reliable logistics partner that can handle all the paperwork for you – contact Logity Dispatch today! You only drive; we’ll do all the rest.