Why Do Truckers Need General Liability Insurance?

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Truck drivers know that staying safe on the road is a top priority. Seat belts, defensive driving and looking out for other vehicles are all part of the job. But what about protecting your livelihood? As a truck driver, you need to make sure that you have adequate insurance in case of an accident.

This is one of the types of insurance that every truck driver should have Public liability insurance. If you have ever been responsible for damaging someone else’s property or causing injury, this type of policy can help protect you financially.

So how much public liability insurance should a truck driver carry? The most common limits are $1,000,000 per occurrence with a total of $2,000,000. Higher limits can be obtained if needed. Also, if you are transporting certain hazardous materials, you may want to add a contamination endorsement.

What is general liability insurance for truck drivers?

General liability insurance for truckers is a type of insurance that can help protect you financially if you are responsible for damaging someone else’s property or causing an injury. This coverage is important because if you are sued, it can help pay for expenses such as repairs to the other person’s property, medical bills, and even legal fees.

For example, if you deliver your cargo to the wrong place. Or, if you dump your truck and dump heavy equipment on someone and injure them, your policy will help pay their medical bills.

Public liability insurance is not required by law, but business owners should be aware of situations in which a shipper/broker, a customer or a lessor may need this type of common coverage. Even if your company doesn’t need it, it’s still a good idea to have this coverage in place.

After all, accidents can happen at any time, and it’s always better to be prepared just in case.

What does truckers’ general liability cover?

In most cases, general liability insurance for truckers covers things like bodily injury and property damage. So, if you were to get into an accident and injure someone or damage their property, your insurance policy would help pay for their medical bills.

It also covers any legal fees that may arise as a result of the accident, which can be very expensive.

Commercial truck insurance It also protects your trailer from any physical damage, inconvenience, fire, theft or vandalism. Loading, unloading and transport cover is also available to protect your goods against any damage that may occur while in your care.

Why do truckers need general liability insurance?

So, why do truckers need general liability insurance? Simply put, it provides financial support if something goes wrong.

If you own a trucking company and one of your drivers causes an accident, general liability insurance covers the legal costs of any resulting lawsuit.

It can also cover the costs of any property damage your driver may have caused.

In short, general liability insurance is there to protect you and your business against any possible financial consequences that may occur as a result of an accident or other incidents.

How much insurance does a shipping company need?

If you own a trucking company, you should purchase a commercial general liability insurance policy.

The amount of coverage you need depends on the size and scope of your business, as well as the types of products you carry.

For example, if you ship hazardous materials, you should purchase a higher level of coverage than a company that only ships non-hazardous materials.

If you cross borders, you must also purchase a higher level of cover.

Most shipping companies purchase a $500,000 insurance policy, but you may need more or less depending on your business.

You can work with an insurance agent to determine the right amount of coverage for your company.

How much is cargo insurance for truckers?

Cargo insurance is insurance that covers the goods you are transporting.

This is different from general liability insurance, which covers your carrier in case of injury or damage to its property as a result of your business.

Cargo insurance will cover you if your cargo is lost, stolen or damaged in transit.

For example, if your trailer is stolen, your cargo insurance will pay to replace the lost or damaged goods.

The cost of cargo insurance varies depending on the value of the goods you are transporting, but is usually a small percentage of the total value of the shipment.

You can work with an insurance agent to determine the right amount of coverage for your business.

Where to get truckers general liability insurance

At World Insurance Associates LLC, we have over 50 years of experience in the field of transportation insurance. Our team includes several former truckers, so we understand the unique needs of this industry.

If you are a truck driver in need of general liability insurance, Contact us today. We help you find the right amount of coverage for your business.