3 Major Insurance Options for Truckers

As an owner-operator or truck fleet, insurance is necessary. Unfortunately, shopping for insurance can be overwhelming, so it helps to know what to look for. Here are three of the most common examples of truck insurance.

General Liability Insurance

General liability is one of the top insurance coverages. This protects injuries or property damage sustained on your premises or while using your products. If you have a standard trucking business, general liability may be enough.

Pollution Insurance

In operations that handle hazardous materials, pollution policies are critical. If you are involved in a collision or if your truck overturns, the spill could result in devastating costs. Pollution insurance doesn’t include only those who work with hazardous materials, but also those who use natural materials. Dirt and rocks can also constitute pollutants if spilled into the environment.

Cargo Insurance

Cargo insurance protects the transporter if freight is damaged or lost. The transporter has responsibility for the freight. If you underinsure and if cargo is damaged in an accident, due to vandalism or lost because of theft, you suffer financial devastation.

To run a successful business, you need to have adequate insurance coverage. If you face a lawsuit or if your truck, cargo or any other business assets become damaged, you would have to pay out of pocket.

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