Trucking Liability Insurance – As part of our series on truck insurance, we thought it would be appropriate to look at one of the most popular (but not necessary) forms of truck insurance – truck general liability insurance. This type of insurance is designed for truck owner/operators and is increasingly in demand by many different employers and carriers. Make sure you understand exactly what activities are covered under this insurance to find out if it is right for you and your business.
There are many risks in the trucking industry. Accidents, car breakdowns, and damaged goods are just a few of the many situations that can leave you in an unfortunate (and expensive) situation. This is the obvious reason why truck insurance is essential.
Trucking Liability Insurance
However, not all injuries sustained by a truck driver are attributable to his driving activities. What do you do when injuries and damages occur as a result of business activities not directly related to driving your truck? This is the exact reason truck general liability insurance exists:
Commercial Trucking Insurance
It is a difficult topic to understand. How can a driver be liable for damages arising out of his business activities (as a truck driver) that are not directly related to his transportation? Well, here’s a possible scenario:
You are a truck driver who carries blue pills to the facility. After landing, you empty the pellets into the correct pile (which you can see). These pellets go through the machine to process the stack and the wrong colored pellets ruin the product.
It looks like you emptied the blue pills into the red pill box. So the incident is your fault. However, this was not directly related to the operation of the truck. This is one of the many situations that general liability insurance covers.
This may vary depending on who you work with, but it is considered the truck operator’s responsibility to purchase general liability insurance.
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This type of insurance is never required. However, as more complex situations and claims arise, truckers are finding that more and more carriers/employers are requiring general liability insurance for their truck owners/operators.
It’s safest to buy insurance and deal with life and talk to your carrier(s) about whether they want it.
General liability insurance covers a wide range of incidents. In general, insurance applies when injury or damage occurs as a result of the truck driver’s business activities, but is not directly related to his driving or operating activities. There are many situations where this applies, so it’s important to play it safe and buy insurance.
As always, please contact a member of our team if you have any questions about this or related topics! We have dealt extensively with cargo insurance in the past and are happy to help in any way we can! If you’re looking for cheap towing insurance in Chicago, you’ve come to the right place. At Insured ASAP, we understand how important it is to find affordable coverage that meets your needs.
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We work with various insurance companies to provide you with the best rates. So whether you have a wheel lift tow truck, a flatbed tow truck or another type of towing, we can help you get the insurance coverage you need at an affordable price.
First and foremost, make sure you get the right truck coverage. Basic tow truck insurance usually only covers the vehicle itself and potential damage to other vehicles or property. Therefore, it is very important to ensure that you have adequate coverage to protect your business in the event of an accident.
Second, truck insurance rates vary based on several factors. These factors include the type of truck, your driving history, and the amount of coverage you need. That is why it is very important to compare the rates of different insurance companies before making a decision.
Like Insurance, we understand that purchasing insurance can be confusing and time-consuming. That’s why we make it easy to compare rates and find the best coverage for your needs.
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We know the tow truck business inside and out, so we can help you find the right coverage for your vehicle and day-to-day operations. Whether you need basic liability insurance, comprehensive coverage or something else, we can help you get what you need at an affordable price.
Call ASAP Insured at (708) 233-4848 for a free quote. We shop for the best rates on truck insurance in Chicago so you don’t have to. Let us help you find the coverage you need to protect you and your business.
There are many different types of insurance coverage available for towing businesses. Here are some of the more common types of protection we offer:
As you can see, there are many different insurance options for truck drivers. But first, you need to decide what coverage is right for your company.
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Insured ASAP helps you find the right truck insurance policy for your business. Contact us today for a free quote.
These are the minimum insurance limits required by the state of Illinois. However, we recommend purchasing higher insurance limits to protect your business in the event of a serious accident.
If you are looking for towing insurance in Chicago, we can help. Insured ASAP knows the towing industry and what type of coverage you need to protect your business. We can find the right policy for you at the right price. Of all the types of business insurance, truck insurance is one of the most unique. Yes, it protects trucks that transport products and goods from one place to another, it’s nothing innovative.
What makes commercial truck insurance special is how it is purchased. If you are an independent truck driver with your own big rig or semi, you buy it yourself. Or maybe you are part of a large trucking company that owns the vehicles outright. In this case, the company is responsible for insuring the truck.
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Regardless of who buys the policy, truck insurance is for you when commercial auto insurance doesn’t cut it. Trucking typically requires hours of travel, often directly across state lines, and involves many unforeseen risks. Between the constant wear and tear on your vehicles and environmental factors on the road, you need insurance coverage, rain or shine.
You already know that trucks are not isolated to one industry or specific commodity. In fact, 72.5% of the total domestic tonnage shipped in 2020 was transported by trucks. There are many types of trucks on the road, and truck liability insurance can cover them all. Some examples of companies and trucks that can use commercial truck insurance include:
Federal guidelines require you to have commercial truck insurance for all interstate transportation. As we mentioned in Part 1, whether an independent contractor or a large company, only the immediate owner of the truck needs to maintain the policy.
If your trucking operations are in one state, you don’t have to worry about federal insurance requirements. However, you may be subject to state insurance requirements, so make sure you take the time to check.
The Key Differences Between General Liability Insurance And Truck Liability Insurance Coverage
General liability insurance is different from truck liability insurance. They sound similar but involve very different things. You don’t need it as much as you need truck insurance, but it’s still very useful coverage.
With general liability insurance, you cover business-related items, not the truck or transportation. Some of these covers include:
Each truck insurance policy is slightly different from the others depending on the needs of you or your company. There are several common coverages that you can include when creating a truck liability insurance policy.
Your commercial truck insurance premium can vary greatly from someone else’s, even if you are in the same situation or have the same policy. Some factors that affect premiums include:
Non Trucking Liability
As commercial truck insurance professionals, we strive to get to know you and your concerns. We take the time to listen and learn to better serve you and help you find solutions.
You have worked hard to build and promote your trucking operation. The next step is to protect it. We assess your risks and help you prepare an insurance policy.
Please note: Claims and change requests cannot be completed online. A service representative should contact you to complete your request. As a self-employed truck driver, you are well aware of the overhead costs of your job. There’s more to it than fuel, machine maintenance and off-road nutrition costs. Truck insurance can make up a significant portion of your operating costs. Commercial truck insurance requirements can certainly add up to thousands of dollars per year for each cab.
You’re probably already paying disability and health insurance premiums, but it’s worth considering the types of policies that apply equally to your rig and your business.
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A variety of factors can determine your policy rates, such as how long you’ve been driving and your CDL history. Having a clean driving record without avoiding any CDL accidents will certainly help you keep up
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