The trucking business is constantly changing. The cargo and routes you transport one year might be completely different the next, and your semi truck insurance should change alongside your business. By reviewing your policy every year, or whenever you note a major shift in the size, sector, or common regions of your business, you can make sure you’re getting the coverage you need. Here’s a list of elements to keep in mind as you review your policy and if you’re considering finding a new one:
- Take a look at your driving record. Regularly seeing what insurance companies will see when they consider coverage for business is crucial. It can help you consider courses or actions to mitigate prior accidents or safety violations. It can also help you make sure your business isn’t getting confused with someone else’s and that your record reflects your driving and maintenance policies.
- Make sure you have coverage for both you and your liabilities. Some policies cover only damages done to you and your business’s property, also other policies exclusively cover liabilities and damages to third parties. Make sure you, your truck, your trailer, and your cargo are covered under all applicable circumstances, no matter what party has damages.
- Choose the largest deductible you can. Your deductible is how much you pay in a given circumstance before your insurance company starts paying. Increasing your deductible makes your premium smaller, but make sure your deductible is within your budget.
Having the right insurance for your business not only saves you money in the event of an accident or a claim; it also stops you from spending too much on your premiums. Go to J.E.B. Insurance Services, LLC for a quote on what your insurance rates could be. We provide commercial truck insurance in the following states: Florida, Georgia, Texas, North Caroline, South Carolina, Tennessee, Illinois, Iowa, and Nebraska.