Starting a new company is always challenging; trucking is among the more complex businesses. As far as insurance goes, new trucking companies need core policies covering the issues faced by companies in any industry. Plus, some insurance needs are specific to the trucking industry and its risks, including some legally required of interstate motor carriers. If you have questions about your business’s recommended or required insurance, talk to our Owens Agency LLC team serving Waldron, AR.
Core Commercial Insurance
A new business operating in almost any industry should consider a core set of policies that include:
- General liability insurance covering injuries and damages to third parties
- Commercial property insurance covers physical property, goods, gear, inventory, business interruption, and other elements. (You may combine general liability and commercial property in a BOP or Business Owners Policy.)
- Workers’ Compensation
- Commercial auto insurance
- Cyber Insurance
- Other coverage, such as Inland Marine Insurance
Commercial Trucking Insurance
New trucking company owners also need coverage specific to the trucking business:
- Primary liability: injuries or property damage caused by your truck(s)
- Physical damage: damage to your vehicles
- Motor truck cargo: Losses to cargo from theft or disasters
- Reefer breakdown: Losses due to refrigerated trailer failure
- Bobtail insurance: cover the truck operating without a trailer
- Under and uninsured motorist coverage
Insurance companies bundle these elements differently, and your needs will vary with the products you carry and where you take them, so it’s best to talk with a knowledgeable agent.
Working with The Owens Agency LLC
The Owens Agency LLC team proudly serves Waldron, AR. Let us apply our commercial insurance experience to structure a commercial trucking insurance plan to protect your business. Call us at (479) 637-2207 to discuss your insurance needs and options.
