The trucking industry is the backbone of the economy, transporting goods across the nation day and night over millions of miles of highway. Whether it’s a truck loaded with valuable cargo or an empty one returning from a delivery, commercial vehicles face various risk factors on the road and around the Farmville, VA area.
Loaded Commercial Vehicles: Protecting Valuable Cargo
Cargo Insurance: This insurance covers damage or theft of the cargo being transported. It ensures that the financial burden does not fall solely on the trucking company or owner-operator if the unexpected happens.
Liability Coverage: Liability coverage is crucial to protect against claims or lawsuits in case of accidents or damage caused by the loaded vehicle. It helps cover medical expenses, property damage, and legal fees.
Unloaded Commercial Vehicles: Comprehensive Protection
Bobtail Insurance: Bobtail insurance protects the truck when it’s not hauling a trailer or cargo. It covers incidents that can occur while the truck is on the road for personal use or in transit to pick up a load. This insurance is essential for owner-operators who use their trucks for various purposes.
Physical Damage Coverage: Unloaded trucks are still valuable assets while not carrying cargo. Physical damage coverage protects against damage to the truck, whether caused by accidents, vandalism, or natural disasters. It’s a crucial insurance component for both loaded and unloaded commercial vehicles.
The Importance of Adequate Coverage
Trucking insurance is not one-size-fits-all. Trucking companies and owner-operators must assess their needs and choose the proper coverage. Factors like the type of cargo, routes traveled, and the value of the truck all influence the insurance requirements.
Gantt Agency Can Help You
At Gantt Agency, we can help answer questions concerning trucking insurance. We serve the Farmville, VA area. Contact us today.