Let’s face it transporting cargo long distances is a risky game. Vehicular damage, loss of cargo, business interruption, injury and property damage are just some of the many risks you have to consider and each of them is extremely costly. The only way to protect your business then is by having the right coverage. Truck insurance companies will offer you are range of services and ways to reduce your premiums.
In order to give you an accurate quote, truck insurance companies will request a whole heap of information about the specifics of your vehicle and the vehicle’s history. Though older vehicles might cost less to insure because of their diminished value, they also push premiums up because of the increased risk of accident they represent. One thing you can do to reduce your premiums further is add additional safety measure to your vehicles such as airbags, reinforced bumpers, anti-theft devices, etc.
The first form of coverage you need is commercial auto insurance. This will cover any damage that occurs to your vehicle. The best way to lower your commercial auto insurance is to hire experienced drivers with clean records and commercial driving licenses.
Your insurance agent might also offer you cargo insurance. This covers any loss that occurs as a result of lost or damaged cargo and may also cover the loss of profit that would have been made on said cargo. Premiums for cargo insurance can vary from journey to journey depending on the nature of the voyage and the value of the cargo.
General liability insurance is a must for just about any business, especially a business that involves trucking. This will cover you if anyone becomes injured or their property damaged as a result of your trucking activities.
Any sensible business owner can see that it doesn’t pay to take chances with something as important as truck insurance. Do the right thing and call your insurance agent today.