If you’re operating a truck or fleet of trucks, you’ll want to have insurance on all of the vehicles operating on the road. Not only is trucking insurance typically required (legally speaking), but it can also mitigate a lot of risks. If you or an employee get into an accident, you could end up on the line for huge costs. The right insurance policies may cover some of these costs. If you live in or near Farmville, VA, contact the Gantt Agency to discuss truck insurance options.
Each year there are 4,500 accidents involving semi-trucks resulting in a fatality. Many more accidents occur causing “only” injuries and property damage. While hopefully neither you nor your employees ever get in an accident, it’s wise to prepare.
How Trucking Insurance Benefits Truckers and Shipping Companies
First, it’s crucial to read the details of any insurance policy you’re considering. What is and is not covered can vary a lot from plan to plan. You may opt to take out a few different insurance plans, and it may be possible to extend coverage and payout limits. It’s wise to speak with a commercial insurance agent to figure out what types of coverage would be best given your specific situation.
Trucking insurance may cover damage to your truck incurred during an accident. It might cover damage caused by hail or another weather event. It may also cover damage to other properties, such as a driver’s car, caused by one of your trucks. Once again, however, it’s crucial to read the fine print.
Besides ensuring that a specific event, such as a traffic accident, is covered, you should pay close attention to payout limits. Limits could prove especially important with medical bills as healthcare is expensive. If a trucking company exceeds its limits, it may be on the hook for medical costs and other bills as well.
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Live in or near Farmville, VA? Get in touch with the Gantt Agency to discuss trucking insurance options.