Trucking companies typically need several types of insurance coverage to protect themselves, their employees, and their cargo. Some of the most important types of insurance for a trucking company to have include:
- Commercial Auto Liability Insurance: This type of insurance provides coverage for bodily injury and property damage that may occur as a result of an accident involving the company’s trucks.
- Cargo Insurance: This type of insurance provides coverage for the loss or damage of goods being transported by the company’s trucks.
- General Liability Insurance: This type of insurance provides coverage for claims of bodily injury or property damage that may occur on the company’s premises or as a result of its operations.
- Workers’ Compensation Insurance: This type of insurance provides coverage for employees who are injured or become ill as a result of their work.
- Occupational Accident Insurance: This type of insurance provides coverage for independent contractors or owner-operators who may not be covered under the company’s workers’ compensation insurance.
- Umbrella Insurance: This type of insurance provides additional liability coverage above and beyond the limits of the company’s other insurance policies.
It is important for trucking companies to work with a knowledgeable insurance agent or broker who can help them determine the right types and amounts of insurance coverage they need to adequately protect themselves and their business.
