• Physical Damage Coverage
• Truck Cargo Coverage
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.
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:
Most businesses in Vermont that have at least one commercially registered truck need commercial truck insurance. For instance, a lumber mill in Ludlow, VT, tow truck service in Manchester, VT, long-haul company based in Brattleboro, VT, and regional transporter in Stowe, VT all should likely have a commercial truck policy. A few other examples of businesses that may be required to purchase or benefit from getting a policy include:
Almost anything that’s transported by a truck is considered cargo, including everything from fuel and hazardous materials to consumer products and lumber. Cars may be considered cargo when they’re on a tow truck, and even garbage in a garbage truck is frequently classified as cargo.
Because trucking businesses transport so many different kinds of cargo, insurance companies offer several different kinds of cargo insurance. Trucking companies should work with their insurance agent to find a policy that has cargo insurance designed for the type of cargo they haul.
Insurers take into account lots of factors when calculating the premiums for a commercial trucking policy. Some of the factors they may consider are:
Businesses in Vermont that need commercial trucking insurance should contact an independent, commercial insurance agent in the state. An independent agent can help a company determine precisely what coverages it needs, and they can compare policies from different insurers to find one that offers those exact coverages.