What is Commercial Trucking Insurance?
Whether they’re delivering packages across town or cargo across the country, commercial trucking companies are exposed to a number of risks. Truck accidents occur every day, and they can cost a company tens of thousands of dollars (or more). Commercial trucking insurance helps trucking companies protect themselves from many of the potential perils that they face.
Commercial trucking insurance is similar to commercial auto insurance, but it provides coverages for trucks rather than cars. It may be used to insure everything from box trucks to 18-wheelers.
What Businesses Need Commercial Truck Insurance?
Any business that operates a truck may need commercial truck insurance. Some examples of businesses that may be required to have a commercial trucking policy include:
- Contractors that own dump trucks
- Companies that contract with municipalities to pick up garbage
- Car haulers and car transport companies
- Any business that has tractor-trailers