Truck drivers spend hours on the road at a time and can run into hazardous driving conditions. Because of the amount of time spent on the road and the type of vehicles, trucks are at a higher risk of experiencing an unfortunate accident. Without insurance, the cost of damage and repairs can bankrupt a business. We’re here to give you all the necessary information on how to best manage your insurance policies for trucks.
What Is Commercial Auto Insurance For Trucks?
A commercial truck does not mean a specific kind of truck. A commercial truck is any truck used by companies to conduct business regularly and for commercial purposes, carrying commercial goods or providing commercial services.
The average commercial auto insurance policy covers legal expenses, medical bills, and physical damage. These policies can offer coverage for a limited set amount and might not be comprehensive enough for most companies utilizing trucks.
Trucking insurance is tailored for the needs of trucks and offers extensive coverage. There are specific regulations trucks must comply with under the Federal Motor Carrier Safety Administration (FMCSA) and maintain minimum insurance coverages. The coverage amounts are determined by the type of material transported and whether state lines are crossed.
Common Truck Accidents & Claims
Trucks face several exposures and hazards while being on the road. Regardless of how well a driver may be, accidents can still occur. Some risks trucks face don’t pertain to the road, amongst them, cargo theft and employee injury while loading or unloading goods. These are the main accidents and claims from trucks:
- Vehicle rollover
- Single vehicle accident
- Rear-end, side-impact, and head-on collisions
- Inland marine
- Bodily injury
Other Insurance Policies To Consider
While commercial truck insurance policies are critical for businesses, they don’t cover all the associated risks within the industry. Here are some further insurance solutions to consider:
- General liability
- Business Owner’s Policy
- Inland Marine
- Cyber Liability
- Bobtail
- Cargo
- Workers Compensation
- Non-trucking Liability
- Motor Carrier
- Uninsured/Underinsured Motorists
Keep Your Trucks Safe With Biscayne Risk
Trucking commercial insurance is vital, even if the company utilizes one truck or an entire fleet. We understand the unique exposures with commercial trucks and can help protect your business with tailored insurance solutions. Our team of professionals can also analyze the associated trucking risks and create safety protocols. Safety is the top priority for trucks, and Biscayne Risk and Insurance is here to guide you. Contact us today to learn more about our commercial truck policies and how we can protect your assets.