Whether you operate front loaders, dump trucks, flatbed trucks or box trucks, these vehicles can be your business’ lifeline. If your livelihood depends on them, having the right commercial truck insurance in place will be one less worry so you can focus on other activities of your business.
Commercial truck insurance can be a major expense that impacts your bottom line so it is important you understand what the insurance offers and whether it meets your requirements. A single accident can take a toll on you financially and that is why your insurance should be designed to suit your specific needs. If you don’t fully comprehend the wording of the insurance policy, you may end up with unnecessary coverage and pay too much. The other risk is being under insured and this can cost even more money should your truck be in an accident.
The key to getting the right type of insurance for your business is to understand the language of your policy and the basics of commercial truck insurance. This will help you organize and plan your insurance appropriately.
Commercial truck insurance usually offers protection against loss and damage. You can take out insurance for semi-trucks, trailers, cargo trucks, flatbeds, front loaders, haulers, dump trucks and box trucks.
There are some special options to consider especially if your truck drivers tend to take the vehicle home and do not operate it. One example is bobtail insurance, which covers the truck when it is being used to drive home after the goods have been delivered. Another is reefer insurance, which covers damage caused by reefer motor failure.
So the best commercial truck insurance for your business depends upon the kind of trucks you operate and how they are being used. Be sure to shop around for the best rates before you invest in insurance protection for your trucks.
A commercial truck insurance broker at Mitchell & Whale can help you choose the right type of insurance for your business’ trucking needs. Contact us today to learn more about the customized coverage we can offer you.
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