18 Wheeler carriageRoad transportation is the main method of transport in a country. Commercial trucks are among the most popular vehicles when it comes to road transportation for carrying raw materials, waste, and finished goods.

Commercial trucks are much larger than most vehicles. However, these trucks are still susceptible to advantages and accidents. Each year, there are many cases of accidents involving trucks. Therefore, it is essential for both individual contractors and companies to maintain commercial trucking insurance.

Commercial trucking insurance provides drivers and companies security by offering guaranteed coverage against damages or losses. The trucks are very pricey vehicles to buy. This is particularly true for trucks that are specialized. Therefore, even small accidents could lead to major financial setbacks for the owner.

A commercial trucking insurance policy provides liability coverage for third parties, which is needed by every independent contractor and company.

Before you decide on which policy or insurance provider to use, you should conduct in-depth research to make the best decision possible for you and your company. Here is a list of the different types of commercial trucking insurance available:

General Liability Coverage

The type of insurance coverage will protect your employees and the vehicles of the commercial trucking company. General liability coverage is a broad variant of primary liability insurance. General liability is a company-oriented policy.

Primary Liability Coverage

Primary liability coverage is used to handle any physical damage or injury caused by an incident. This insurance coverage is one of the most important when it comes to the different type of coverage offered by commercial trucking insurance. In fact, the law requires that all truck drivers possess this form of coverage. If the vehicle of the person who holds the insurance causes damage to another vehicle or an individual, the costs will also be covered under this type of insurance coverage.

Bobtail Liability Insurance

Independent drivers who do not possess coverage under primary liability insurance can get coverage under a type of insurance coverage called bobtail liability insurance. This form of insurance coverage can allow truck drivers to save a marginal amount so there would be no need for the purchase of an entire policy.

All independent contractors and companies should get commercial trucking insurance. For more information about why you need commercial trucking insurance, don't hesitate to contact us.

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