What Common Truck Insurance Types Do Truckers Need?

A working truck needs different coverage than an auto. If your truck hauls goods for others, or if it hauls good for yourself, you need to buy proper truck insurance to avoid financial ruin.

What Common Truck Insurance Types Do Truckers Need?

Property Liability Insurance - our state will require minimum liability insurance, but coverage purchased in your home state should cover you if you cross state lines in the US. The limits of your own truck liability insurance will be affected by several factors:

• Driving records and claims history.
• What the truck is used for, and the age and condition of equipment.
• The location where the truck is garaged.
• The amount of liability insurance the owner desires as determined by his or her own needs and budget.

Property Damage Coverage

Of course, since a truck is a major investment, you will want to cover your vehicle in case it is damaged. If the truck is still being financed, your lender will certainly require that you purchase truck physical damage coverage.

Truck Cargo Insurance

If you are transporting other people’s property, you will be liable for that cargo. You need to protect yourself against a financial loss in case that property is stolen or damaged while you are responsible for it.

Workman’s Compensation – If you employ drivers, and they are injured while driving, you will need to protect them with workers compensation. These policies can pay medical bills and replace some lost income.

Compare Truck Insurance Quotes for Quality Coverage at Affordable Prices

The list above does not include every type of truck insurance, and you will need to customize your policy to fit your own business needs and budget. You need to find an insurance company that specializes in truck and/or commercial vehicle insurance to help you. We make it easy to find insurance companies for your own commercial vehicles with our fast, safe, and free truck insurance quote forms.

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