Looking for trucking & hauling insurance coverage for your business?
You will need a special form of trucking and hauling insurance to cover your mobile trucking business, no matter its size and no matter its budget. Especially for a business that requires you or your fleet to be on the road with amazing frequency, you need to ensure that you are properly covered in the unfortunate event that something goes terribly wrong.
If you own and operate your own trucking, hauling or dump truck operation, finding an adequate insurance policy can be a daunting task. Here are a few things that such a policy should cover.
Bodily Injury Liability Coverage
This type of coverage covers the bodily injuries that occur to other people that are involved in an accident with one of your trucks. Generally, for a commercial trucking policy, the rate of liability coverage will be much higher than it would be for conventional individual auto insurance policies.
Property Liability Coverage
Like bodily injury liability coverage, this type of coverage covers the damage that is inflicted to the personal property of others during an accident with one of your trucks. Though this can be pricey, the premium on such a policy is far smaller than the damages that are likely to be incurred as a result of a serious traffic accident with a commercial truck or a dump truck.
This aspect of coverage covers the costs of repairing and replacing your vehicle in the event of an accident. Collision coverage only covers your vehicle, not the damage inflicted by other vehicles involved in an accident.
This aspect of insurance covers the costs of securing, repairing or replacing the payloads you are carrying in your truck in the event that they are damaged or irreparably lost during a traffic accident.
With dump trucks, you may wish to procure an additional heavy vehicle operation policy to cover these large vehicles that haul a tremendous amount of payload on public roads. Remember, all it takes is one accident with one of these large vehicles to wipe out the future financial security of your operation. When a truck or a dump truck is involved in a traffic accident, the rate of injuries and property damage is much, much larger than compared to a traffic accident between two commuter cars. Purchase an adequate truck hauling or dump truck insurance policy to ensure that your company is covered in the event of an accident.
At EnTrust Insurance, we’re experts at determining the exact protection you and your business needs. We service businesses in Miami and throughout the state of Florida.