There’s more that goes into protecting your trucking company than you may think. It’s true that you need liability coverage for when your truck is on the road but protecting yourself and your investment while you’re off the road are just as important. Here are three examples of coverages you’ll need to include in your commercial truck cargo insurance policy to cover non-driving incidents.
General Liability Insurance
General liability insurance protects you in case a third party suffers an injury or property damage on your premises. If a lawsuit is filed, your policy would cover your legal fees as well as any damages for which you’re liable.
Commercial Property Insurance
Commercial property insurance protects you in case your business property other than your truck becomes lost or damaged. Your policy would cover the cost to repair or replace these items depending on the perils that you’re covered for.
Commercial Equipment Insurance
Commercial equipment covers items that aren’t usually protected under your commercial property insurance. These can include items such as padding, dollies, backhoes, and forklifts. Like property insurance, this part of your policy would cover the cost to repair your equipment.
The process of building a commercial truck cargo insurance policy can seem like a challenge for new truck owners. It’s best to work with an experienced agent to ensure that you get all the protection you need.