What is Commercial Truck Insurance?
Whether hauling cargo across several states or delivering packages to the other side of town, commercial trucking businesses are exposed to several potential perils. There are truck accidents every day, and they can be costly. Commercial trucking insurance gives trucking businesses in Vermont a way to protect themselves from many of the perils they face.
Commercial truck insurance is like commercial auto insurance, but it’s designed to insure trucks rather than cars. Commercial truck policies may be used to insure box trucks, dump trucks, hazmat trucks, 18-wheelers, and almost any other type of commercial truck. In some cases, they may even cover pick-up trucks that are driven for commercial purposes.
What Coverages Do Commercial Trucking Insurance Policies Provide?
As is the case with other insurance policies, the coverages that commercial trucking insurance policies offer vary. Nevertheless, there are some common coverages that many policies include. A few common coverages are:
- Liability Coverage, which may provide protection against damage and injuries that a company’s driver is found responsible for
- Physical Damage Coverage, which might provide protection for a company’s truck
- Truck Cargo Coverage, which may cover cargo while it’s in a truck
- Unidentified Trailer Coverage (or Interchange Coverage), which might extend protection to trailers that a company doesn’t own or lease
- Underinsured and Uninsured Motorists Coverage, which is used to protect companies from drivers who don’t carry adequate auto insurance