If you run a business that requires the use of vehicles for company activities, you need a commercial auto insurance policy. Commercial insurance policies are designed to protect you against the wide variety of liability issues you face when you have employees on the road using your vehicles.
Without a commercial auto policy, if an accident were to occur, you and your company will be held accountable for property damage and injuries. Only a commercial policy can protect you and your business from financial disaster.
Whether your company has one car or a hundred delivery vans, there is a commercial policy that will suit your needs. You can obtain individual commercial policies for each vehicle used by the company, or choose a fleet policy if you have more than a few cars.
You have other insurance policies in place to protect your company from liability, fire, theft, and other potentially ruinous events. Commercial auto is the policy that will protect your company when you or your employees are on the road.
Don Westerfeld 11/13/2014 2:47:00 PMContinue Reading
Several commercial insurance companies are coming introducing several discounts that could make your money go further.
If you have current insurance you need to ask yourself if you are getting these new discounts and if you are newly acquiring commercial truck you need to make sure the agent is aware of them.
Non-Trucking Liability also known as (Bobtail Coverage) provides limited liability insurance for owner-operators who are permanently leased to an ICC regulated carrier. It provides limited liability protection when the owner-operator is not on dispatch, nor pulling a loaded trailer. For example, this truck insurance coverage would apply when the owner-operator gets their truck washed or brings their trucks into a shop for repairs. Once the owner-operator is under dispatch, they are covered under the Primary Liability insurance policy of the company that they are leased to.
Trailer Interchange Insurance is coverage for the legal liability of truckers for loss or damage to non-owned trailers and equipment which are in the insured’s possession under a written trailer interchange agreement.
Primary Liability Insurance coverage protects you from damage or injuries to other people as a result of a truck accident. This coverage is mandated by state and federal agencies and proof of coverage is required to be sent to them. We provide coverage limits ranging from $35,000 to $1,000,000. Pricing is dependent on driving records, and history of the trucking operation.
Physical Damage Insurance is coverage for your truck and trailer. This coverage is for repair or replacement for damage resulting from things such as collision, fire, theft, hail, windstorm, earthquake, flood, mischief, or vandalism to your owned vehicles. Truck Insurance pricing is based on the value of your equipment and usually pays a percentage of that value. This coverage may be required by the lien holder of your vehicle.
Motor Truck Cargo
Motor Truck Cargo insurance protects the transporter for his responsibility in the event of damaged or lost freight. The truck insurance policy is purchased with a maximum load limit per vehicle. Coverage limits can range from $10,000 to $100,000. Pricing for this type of truck insurance is mainly dependent on the type of cargo being hauled.
Don Westerfeld 2/22/2011 12:26:00 AMContinue Reading