Are you having a tough time figuring out what coverages to include in your transportation insurance? Here is a breakdown of four coverages that make up the foundation of a good policy.
General Liability Insurance
As the name implies, general liability provides coverage for everyday business activities. If a third party were to suffer an injury or property damage because of your business for any reason other than an accident involving your truck, this part of your policy would cover any related fees or payouts.
Truck Liability Insurance
Truck liability insurance is specific coverage accidents with a third party involving your truck where you’re at fault. Your policy would cover the associated medical costs for bodily injury and repair costs for property damage. Since your truck is expected to spend a lot of time on the road, this is most likely going to be the most expensive part of your policy.
Physical Damage Insurance
Physical damage insurance is protection for your truck and trailer. You can choose to carry coverage for only specific events or you can go with a more expensive comprehensive option so that you don’t have to worry about your claims being denied when it comes time to pay for repairs.
With these coverages in tow, you’ll have the foundation in place to build a complete transportation insurance policy. Working with an experienced agent is the best way to ensure that you build a policy that aligns with your needs.