Truck liability insurance is one of the most important forms of coverage for those who are in the industry. Finding the coverage that is suitable for the needs of the company is very important and it can be difficult to find out more about the considerations that need to be made.
These policies will depend on three different factors:
What Commodities Are Being Transported?
If the goods that are going to be transported are perishable or fragile, the policy that will need to be purchased will differ greatly from the policy that is purchased for goods that are not perishable.
What Is The Value of the Cargo?
It should go without saying that highly valuable cargo requires a different truck liability insurance policy than less valuable cargo.
Where Is The Cargo Heading?
There are certain destinations that will come with a higher level of risk and this must be considered when the truck liability policy is purchased. Don’t make the mistake of assuming that all contract policies are going to be created equally.
What Are The Protections That Can Be Purchased?
Liability protection and personal injury protection are the two main forms of protection that are included in the truck liability insurance. Property damage liability and bodily injury liability are included under the truck liability insurance policy that is purchased.
Personal injury protection is another crucial aspect of the policy. If any wages are lost as the result of an accident, the employee is reimbursed and their medical expenses will also be covered. This is especially important for those who reside in states that have no-fault laws on the books.
J.E.B. Insurance Services, LLC is here to provide all of the necessary assistance when it comes to truck liability insurance policies. To find out more about how we can help you, be sure to contact our company.