All About Semi-truck Insurance

As the owner of a semitruck business, you need to make sure your company is protected at all times.  When a commercial truck gets into an accident, it is likely to result in damages that fall into four different categories.  Because of this, it is important to have coverage in all of them.  It is vital that you find a good semitruck insurance company to keep yourself covered.

Liability Insurance Coverage

This is the first type of insurance that you should consider purchasing.  Liability insurance helps cover you in situations where you damage someone else’s property or injure someone.

Cargo Insurance Coverage

Cargo insurance applies to any cargo you may be transporting with your trucking business.  If your cargo is damaged or lost, this type of insurance will pay to have it fixed or replaced.

Physical Damage Insurance Coverage

This insurance covers costs associated with damage that is caused to your truck. It applies to damage caused by accidents and also covers you against things like theft, vandalism, and natural disasters.

Workers’ Compensation Insurance

Workers’ compensation insurance is a must-have if you employ people at your business.  If one of your workers is injured on the job, it can result in costly medical bills that you would usually have to cover.  Workers’ compensation can pick up the bill.

Running a trucking business can be extremely lucrative but it is not without risk. Having good semitruck insurance coverage can make a huge difference.