Business owners in Illinois and other states often put their key assets at risk without actually realizing it. All it takes is for a small amount of research to determine how much commercial truck insurance coverage makes the most sense for the size of your business and the assets you have. A commercial truck insurance agent can help you evaluate all your needs.
Here are some of the risks you could face if you do not have sufficient commercial truck insurance in Illinois:
You Could Be Breaking The Law
Every state has minimum requirements that will need to be fulfilled when it comes to commercial truck insurance. It is important that you get the obligatory coverage in place. If you are depending on a personal vehicle policy when driving your commercial truck, there is a good chance you are breaking the law in your state.
You Could Be Risking Your Business Assets
If you are involved in an accident that causes personal injury, a bare-bones policy may not cover all the medical bills, expenses, and repairs that the injured party may suffer. Personal injury necessitates court costs, legal fees, repairs, medical expenses, and more. Unfortunately, all the expenses can become very expensive.
It is important that you take time to evaluate the needs and risks of your business. When you fully evaluate the needs of your business, you will be able to compare coverage from a variety of insurance companies before you make the decision to commit to a commercial truck insurance policy.
You Could Be Risking Your Business Investments
If you are like the majority of business owners, you have made critical investments in your commercial trucks. If you have to find the funds to pay for damage that was caused to a truck or if you have to completely replace on of your trucks, your business’s bottom line can be negatively impacted. The minimal commercial truck liability coverage will not cover all costs after an accident. If a lawsuit or claim is filed against you, your business could be held responsible for paying a large amount of money.
Commercial truck liability coverage will protect you against damage and injuries you or any of your employees could cause to other drivers as a result of an accident. There are many things you will need to consider in relation to commercial truck insurance. We encourage you to do a cost/benefit analysis of the different types of insurance your business may need.
Contact J.E.B. Insurance Services, LLC today and let us help you ensure that your business will be covered at all costs. We also provide insurance in Florida, Georgia, North Carolina, South Carolina, Texas, Tennessee, Iowa and Nebraska!