Not only is commercial trucking insurance available for trucking firms, It also covers independent contractors (drivers whose truck is being used to deliver goods), for their protection. Primary liability insurance, which is the most common form of insurance for commercial drivers, is also available. Anyone who uses a vehicle in business is required by law, to get insurance.
But this type is only the basic insurance. Unfortunately, it does not cover any vehicle damages. It covers only damages caused by the other party to the accident. You will need to purchase additional commercial trucking insurance if you are going to be in an accident. You must prepare first and then protect yourself.
Cargo Services for Hire for Contractors
You drive your truck and are hired by a company to transport cargo. Insurance policies will cover your truck for damages or injuries in an accident. Also, as required by law, basic motor carrier insurance is mandatory. This means that while you are on the job you are covered commercial trucking insurance.
Another segment is the bobtail section of the commercial trucking policy plane. It is recommended that all independent contractors also purchase bobtail insurance. The benefit of this policy will become evident only after an accident. This is a policy for physical damage. You might view it as an additional expense. Bobtail insurance is a great way to save cash on unexpected events, as contractors have all been there.
Regular Car Insurance and Commercial Trucking Insurance
Regular car insurance covers injuries sustained by the driver or vehicle. Some insurance policies also include the injuries that the other party/parties may have sustained. Commercial trucking coverage, however, covers both truck driver and truck. However, it also includes goods transported by the truck.
How is the insurance premium calculated? It really depends on the type and weight of cargo being transported by truck. The policy price will go up if the goods is sensitive. This is done in order to make sure that the payments are properly differentiated. A higher policy rate will be required.
Types of Trucks Coverable by Commercial Trucking Insurance:
- Dump Trucks
- Refrigerated trucks
- Trailer Trucks
Reminders on choosing the right insurance company
You must keep three things in mind when choosing which insurance company to choose: authenticity, availability, completeness. Authenticity requires that the company be legitimate and trustworthy. Do not trust a company with cheap policies. You need to be thorough and work with a company that has a stellar professional reputation.
Being available means they are easily reachable in case of emergency. They must have a telephone number, mobile number, toll free numbers, and best, 24-hour service. To be considered complete, a company should issue a policy that covers damage, liability, as well as coverage. These are the three most important things to consider when looking at commercial trucking insurers.