For quick, easy PayPal payments, use the button below!


View Privacy Policy
Call Us 512-989-6006 ☰ ˟
512-989-6006
800-473-8962
 
Logo
Social Social Social Social
  • Home
  • Get A Quote
  • What We Offer
    • Trucking
    • Commercial Auto
    • Business & Commercial
    • Business Owners Policy (BOP)
    • Bonds
    • Automobile
    • HomeownersImage of right arrow
      • Homeowners Liability
  • Blog
  • Resources
    • Customer Service Forms
    • Claim Information
    • Make a Payment
    • Refer a Friend
    • Join Our Newsletter
    • Insurance Glossary
  • About Us
    • About Integrity Network Insurance Group, LLC
    • Location Map
    • Privacy Policy
  • Contact
Home > Blog > Trucking Insurance Updates for Independent Drivers
MONDAY, OCTOBER 8, 2018

Trucking Insurance Updates for Independent Drivers

Independent truck drivers own their vehicles. They operate in a for-profit manner for themselves. Yet, their biggest and most important asset is their truck. Protecting it is essential to ensuring the business continues to operate. Trucking insurance is at the heart of this protection. Here is what you shouldimage of independent driver driving truck know about updating your trucking insurance as an independent driver.

Insurance Costs Are Higher Initially

During the first year of ownership, trucking insurance costs tend to be higher. New drivers are a higher risk to the insurance company. As a new independent driver, you are more likely to suffer an accident. Remaining accident-free can help you to keep your insurance costs lower. And, over time, this will fade. Talk to your agent about whether you can expect a rate decrease after the first year.

Insurance for What Is on Board

Truck drivers operating their own vehicles need to invest in cargo insurance. It protects the company’s assets on board the truck. It covers all of the contents of the truck. This type of insurance value can change depending on the value of the items you typically move. If your cargo changes significantly, you might need to update your policy.

Liability Insurance Is Essential

Truck driving is dangerous. And, truckers are at an increased risk of creating significant damage to another person’s vehicle if they strike it. As a result, liability insurance for truck drivers, especially independent truckers, is high. Work with your agent to estimate the amount of damage common in your area or during the last year. Proper coverage minimizes any risk of having to pay out-of-pocket for losses.

Protecting the Vehicle Itself

Of course, property insurance is also important for truckers. The amount of coverage on your truck should be enough to cut any risks associated with the truck. This includes theft, vandalism, storm damage, and other concerns. Your insurance agent can help you here. Most important is to have proper coverage even if you have a loan on the truck. You want to know the truck’s value (including what you owe) has proper protection.

Trucking insurance can change often. As you gain experience, update your coverage. Speak to your agent about your new risks, too. If you change the type of runs you do, how frequently you operate your truck, or the value of the contents on board your truck, let your agent know. Have a policy that matches your truck’s needs and keeps you financially healthy for the long term. Independent drivers may have more need to monitor conditions like this.

Also Read: The Benefits of Trucker Pollution Insurance

Posted 10:47 AM

Tags: trucking insurance, independent truck drivers, insurance update
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013

  • trucking insurance(49)
  • insurance(47)
  • integrity network insurance group(41)
  • commercial auto insurance(39)
  • texas(36)
  • coverage(26)
  • round rock(20)
  • business insurance(13)
  • austin(13)
  • round rock business insurance(11)
  • safety(10)
  • commercial(10)
  • round rock home insurance(8)
  • truck insurance(8)
  • protection(7)
  • trucking(7)
  • commercial insurance(6)
  • liability(6)
  • auto insurance(6)
  • texas insurance(6)
  • round rock tx insurance(5)
  • auto(5)
  • pflugerville business insurance(5)
  • round rock health insurance(4)
  • transportation(3)
  • security(3)
  • commercial auto(3)
  • austin business insurance(3)
  • round rock auto insurance(3)
  • workers compensation(3)
  • home insurance(3)
  • truck(3)
  • health insurance(3)
  • companies(3)
  • life insurance(3)
  • bobtail insurance(3)
  • discounts(3)
  • tips(3)
  • rv insurance(2)
  • pflugerville home insurance(2)
  • car(2)
  • employee(2)
  • austin home insurance(2)
  • risk(2)
  • cargo insurance(2)
  • general liability insurance(2)
  • winter(2)
  • car battery(2)
  • collision(2)
  • flood insurance(2)

View Mobile Version
Logo
Quick Links
Home Our Products Customer Service Payment Options Report a Claim
About Us Refer A Friend Our Carriers Blog Contact Us
Location
1315 Grand Avenue Parkway
Suite 101
Pflugerville, TX 78660

Phone: (512) 989-6006
Fax: (512) 343-0352

In California dba Integrity Network Insurance Solutions License #: l92415


Integrity Network Insurance Group, LLC BBB Business Review
Social Social Social Social
© Copyright. All rights reserved.
Powered by Insurance Website Builder