As a new independent truck driver, you now have the immense responsibility of all of the aspects of owning and operating a small business in addition to driving your commercial vehicle for deliveries throughout the United States.
It does not matter if you contract with a single carrier, deal with a specialized broker, or have your own client base in which you will haul – you will need commercial truck insurance.
This type of insurance is designed to protect you, the truck that you drive, and your business. In this comprehensive guide, you will learn about this type of insurance and important facts regarding this insurance so that you are able to choose the best for your needs.
What is Commercial Trucking Insurance?
In order to explain the basis of commercial trucking insurance, we must first expound on the risks that are associated with driving a truck commercially.
According to statistics, over 130,000 individuals suffer from an injury each year that is related to an accident involving a truck. A total of 22% of all truck-involved accidents result in the injury of the driver or others. The average cost of an accident involving a commercial truck is right around $60,000.
You face a lot of risks in the commercial trucking industry. You need protection to cover yourself from these risks. This is the basis of commercial trucking insurance.
This type of insurance consists of numerous policies that are grouped together in order to protect you, your vehicle, your business, and those that share the road with you.
Coverage
In most instances, it is advised that you start with a general liability insurance plan and build upon that. With the most basic coverage, your truck insurance will cover you in the following:
- Bodily Injury – If – for some reason – an individual is hurt as a result of your truck, this type of coverage will pay for the medical bills. Additionally, if a lawsuit should arise out of the injuries, this helps to protect you in that instance.
- Property Damage – This type of coverage offers protection if you cause damage to another person’s property. It also helps to protect you if you deliver to the wrong place.
- Delivery Location Damage – If any type of damage happens at a delivery location, this portion of your commercial truck insurance will cover that damage.
- Libel, Lawsuits, Etc. – If you experience any type of issue with libel or lawsuits, this protects you.
Get Covered Now
Why subject yourself to risks that may prove to be quite expensive or even damaging to your business? Get commercial truck insurance now. We here at Modica Associates offer a variety of commercial insurance options that will protect you, your truck, and others.
There are several additional coverages that you may add to your policy to enhance your protection, too. Simply contact us today and inquire about our transportation insurance that we offer to truckers in New York by calling: 718-855-1836