Trucking companies across the country have a lot of risks and expenses. Trucking insurance can help cover the costs of damage and other problems that could occur. We will talk about what trucking insurance is and why trucking companies must have it.

What is trucking insurance?

Trucking insurance has more to it than regular auto insurance or commercial auto insurance. There are more risks of accidents and damage occurring due to driver fatigue, delivery deadlines, handling heavy vehicles, and driving long distances. You can choose from various types of coverage to suit your trucking insurance needs.

General or public liability

Just like auto insurance, public liability coverage is required by most states. This covers the driver and the company in case they get into an accident and damage someone’s property or injure another person. Liability coverage will cover the cost of repairs and medical expenses related to the accident.

Physical damage coverage

Physical damage coverage protects the truck and trailer in the event of accidents, natural disasters, vandalism, theft, and many other situations that could occur.

Cargo insurance

Cargo insurance is basically what it sounds like. It covers the products or cargo that the truck is carrying. If something happens, and the goods or product is damaged, then the cost is still covered, so you don’t lose as much money from the lost cargo.

Bobtail insurance

This covers drivers that are under independent contracts when they are not in the process of hauling trailers or products.

Contact Us

If you run a trucking company, you might want to consider some of the trucking insurance coverage types listed above. Contact us at The Owens Agency LLC in Waldron, AR for more information regarding trucking insurance.