For commercial truck operators and drivers their vehicles are not just a means of transporting materials, they are their whole livelihood. Their ability to keep their trucks well maintained and on the road twelve months a year is ultimately what will determine their success as a business. Put simply it doesn’t make sense to cut costs and ignore details which could later cost millions. With losses quickly running up into the hundreds of thousands and millions, it is essential you let commercial truck insurers protect your business by providing the coverage you need.
Now let’s consider a few different kinds of insurance commercial truck insurers might offer as well as some ways you can lower your premiums.
The first and most basic kind of insurance is commercial auto insurance. This basically covers any loss that occurs as a result of vehicular damage. This is especially important considering that extreme weather conditions often mean accidents are an unpleasant reality. One way to lower your general auto premiums is to hire experienced drivers with clean records. If your drivers have commercial drivers’ licenses this lowers premiums considerably.
Another thing for truckers to consider is cargo insurance. Many commercial truck insurers will also insure the value of your cargo as well. This often includes expected profit on the cargo and coverage is provided from the moment the cargo leaves the warehouse until it reaches the importer. Unlike most forms of insurance, cargo insurance can be taken out on a per voyage basis and as such premiums can vary from journey to journey.
Commercial truck insurers will typically want to know a lot of information about your vehicles including the year, the make, the model, and any history of accidents or incidents they may have had. You can lower you premiums by making your vehicles safer, adding extra features such as airbags and anti-theft devices.
Commercial truck insurers are there to protect your business in the case of any unfortunate accident. Businessmen who own trucking operations need to remember not only their own prosperity, but also that of their employees and their families, is at stake and acquire the right insurance coverage today.