WEDNESDAY, AUGUST 17, 2016
 One of the biggest financial components of trucking businesses, including those that operate semis, is to manage insurance. There are plenty of risks tied to trucking operations. Your assets, your drivers and your customers are key liabilities, as are the other drivers sharing the road with you. As a business owner, part of your job is to balance all of this risk with the right type and amount of liability insurance to protect your company. It all starts with choosing the best type of trucking insurance for the type of vehicles you operate.
What Truck Insurance Do You Need?
Commercial truck insurance needs to provide for specific protections based on the way you operate your vehicle. Keep in mind that the average cost of a commercial truck accident today is about $59,000. The larger your vehicle, the more frequently you operate it or the less experienced your drivers are, the higher your risk becomes. What should you look for when it comes to semis?
- Big Rig Truck Insurance should protect your assets as a first step. This includes the value of the truck and trailer, along with your setup. It also applies to any equipment on board, such as cooling equipment.
- Your coverage should provide ample Liability Insurance. Truck liability coverage is required by law, but most companies benefit from a policy that provides higher liability limits than the minimum required by their state.
- Collision Insurance is also a necessary component of coverage. Since it is very easy for large tractor trailers to be involved in damaging accidents, this type of insurance tends to be required.
Semi-truck insurance should also provide bobtail insurance, equipment coverage, medical payments protection, physical damage protection and non-trucking liability insurance. Many companies also need specific policies for non-owned trailer coverage and occupational accident protection.
You need business insurance that protects your assets — and in many cases, your will be among your most sizable assets. A comprehensive truck insurance policy covers your vehicles and reduces the risk that an accident will lead to the shuttering of your company.
Get the protection you need. Call Integrity Network Insurance Group, LLC at (512) 989-6006 for a free trucking insurance quote.
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