What Type of Insurance Coverage Do Truck Drivers Need?

What Type of Insurance Coverage Do Truck Drivers Need?

Transporting cargo is a highly profitable yet dangerous and expensive business. Therefore, you need commercial trucking insurance if you operate a company that employs trucks to deliver goods, own a fleet of trucks, drive trucks on your own, or all three. This helps protect the assets you have made and those of your clients and releases you from liability in the event of an accident.

When it comes to working on the road, truckers must deal with several obligations and hazards, which makes cheap trucking insurance coverage essential. State laws may impose some liability needs, but other trucking insurance alternatives are equally vital, even if they are not required.

Trucking insurance options

A trucker insurance policy includes many of the same fundamental protections you could find on a personal vehicle insurance policy, but often with different names. This comprises:

  • Comprehensive Coverage: Comprehensive coverage pays for damage to the truck resulting from theft, vandalism, wind, hail, lightning, smoke, falling items, and other non-collision-related accidents.
  • Collision Coverage: Collision coverage pays for truck damage brought on by collisions with other cars or objects.
  • Primary Liability Coverage: Primary liability insurance protects against any harm you could inflict on another person while driving the insured truck.
  • Medical Payment Coverage: Regardless of who was at fault for the collision, medical payment coverage compensates you and your passengers for any medical expenses.
  • Uninsured/underinsured motorist coverage: This insurance protects against losses sustained in collisions with drivers who lack insurance.

While these fundamental protections are also available through non-trucking insurance in Tennessee and included in other car insurance plans, there are certain protections under trucking insurance tailored to trucks and individuals driving them. For commercial vehicles, the following coverage is advised:

  • Truckers General Liability: This insurance covers any injuries or property damage you could cause while driving a truck on someone else’s property. This insurance can pay for damages if a trucker damages property at a truck stop, for instance, and shield the driver from legal action.
  • Non-Trucking Liability: This insurance policy protects against personal harm and property damage that a truck may cause while not being used for commercial purposes.
  • Motor truck cargo insurance: Motor truck cargo insurance offers compensation if the goods being transported are lost or damaged.

Although not all of this coverage is necessary, it is essential for ensuring the security of drivers and passengers and shielding people and companies from claims resulting from accidents.

Remember that both trucking businesses and owner-operators can benefit from this coverage. However, to guarantee that all drivers and vehicles are kept safe and protected by insurance, business owners should consult with an insurance professional about selecting the appropriate policy.

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