It’s an ordinary day. You’re heading down the highway, hauling a load of food for a big grocery chain, when suddenly you take a turn too sharply, and you end up tipping over.
Groceries spill out everywhere, and some get run over by oncoming traffic. To make things even better, you’ve got a small injury of your own.
It’s a good thing you’re insured. Or are you?
Trucking insurance is vital, even if you only own one truck. Regular auto policies can’t cover Commercial trucks, so you’ve got to have separate insurance.
Why should you insure your commercial truck(s)? There are plenty of excellent reasons. Keep reading for ten you should keep in mind.
1. It’s the Law
The most obvious reason to get truck insurance is that the law requires it. Your insurance of choice will need to provide at least the minimum protections. Guidelines are put out by the United States Code of Federal Regulations.
To avoid any legal issues, make sure you’re following all Federal rules regarding insurance! Every vehicle in your fleet needs to be insured.
2. Accidents Happen
You can assume nothing will ever happen to any of your vehicles, but if you do, you’re living in a fantasy world. Accidents always happen.
They may be small, or large. You may wish you had insurance for something as small as a windshield crack caused by another truck. Or you may have problems as big as a truck involved in a rollover.
Be responsible and insure your commercial vehicles. It protects you, your business, and other motorists.
3. Protect Others’ Property
Depending on your work, you may end up pulling your load on someone else’s trailer. If that’s the case, non-owned trailer physical damage insurance can be convenient.
4. Protect Your Cargo
Chances are, the cargo you carry is essential. It may be the entire reason for your trip.
Cargo insurance protects that stuff you’re hauling, whatever it is. The road can be an uncertain and dangerous place, so make sure you’re covered.
Loads may come undone, accidents happen, vehicle fires start, you name it. If you end up losing the cargo you’re transporting, you don’t want to be responsible for it. If you have cargo insurance, it will kick in and help you out.
5. Physical Damage Protection
While coverage for truckers can’t literally protect your vehicle against physical damage, it can protect you from paying for it all. This type of insurance covers collisions, rolls, and more.
Commercial trucks take up a lot of space. Because they do, they can be hard to maneuver. And not all drivers are great at driving close to a commercial truck.
You’re bound to experience some damage during your years of owning a commercial truck, so be prepared before it comes.
6. Insurance at all Times
Regular insurance doesn’t cover truckers who are on the road but not transporting a load. This may mean the trucker is returning home after their load has been delivered.
For these types of situations, bobtail insurance is provided. While a lighter or non-existent load isn’t as prone to accidents and problems, it may still experience issues.
Make sure you have bobtail (or non-trucking) insurance, so all your vehicles and drivers are covered, even when they aren’t hauling a load.
7. Build Customers’ Confidence
If you’re in the business of hauling goods for other companies, such as retailers or food producers, they’ll want to know their merchandise is in good hands. Insurance protects the goods you’re hauling, which is great news for you.
If your trucking service is insured, customers, both current and future, will feel more comfortable doing business with you. The goods you’re hauling represent income for them, so they want to know it’s protected.
Make sure potential customers know you’ve insured whatever you haul. You may miss out on business if you don’t.
8. Cover Your Specific Needs
Commercial trucking isn’t the same for everyone. One company may have 50 vehicles; another may only have two.
You may not need some of the insurance options that are available. But another company might want them.
Luckily, you don’t have to pay for everything, thanks to flexibility in insurance. Shop around for insurance that meets your needs, get some quotes, and go with what’s right for you.
9. Keep Your Business Going
If you aren’t insured, your commercial trucking business will run into all sorts of problems. Legal issues, huge costs to repair damages, and more could result.
Protect your business by having commercial truck insurance. It should be in place before your trucks ever hit the road.
The better you run your business, the longer it’s likely to stay in business. Don’t jeopardize your future by neglecting to protect yourself, your cargo, your trucks, and your customers.
10. It’s Worth the Cost
Insurance doesn’t come free, it’s true. Is it really worth it? Yes!
While you’ll have to be responsible for regular payments, insurance is more than worth it. In a perfect world, you wouldn’t need it, so your money would go right down the drain.
The thing is, we don’t live in a perfect world. You’ll likely encounter some sort of damage or accident, especially if you own or operate multiple trucks.
For this reason, you need trucking insurance. When a problem occurs, you’ll be able to handle it. If you don’t have insurance, you’ll have a much bigger problem on your hands.
Get Trucking Insurance Today
If you don’t already have trucking insurance, now’s the time to act. Make sure you, your business, and your customers are covered should any problem arise.
Getting trucking insurance isn’t difficult. It doesn’t have to be time-consuming either. Spend a little time exploring your options, then start your insurance coverage today!
Whether you own a single truck or many, we have the protection you need. Get started with a free quote!