Commercial truck insurance is a specialized type of insurance that provides coverage for businesses that use trucks in their operations. There are several different types of coverage options available for commercial truck insurance, each designed to protect against specific risks and liabilities. Here are some of the most common types of commercial truck insurance coverage:
- Liability Insurance: Liability insurance is the most basic and essential type of coverage for commercial truck owners. It provides protection against claims for bodily injury or property damage caused by the truck driver or the truck itself. Liability insurance typically includes coverage for legal defense costs and settlements or judgments against the insured.You can find the best Commercial Truck Insurance at https://ri-insurance.com
- Physical Damage Insurance: Physical damage insurance provides coverage for damage to the insured truck caused by collision, fire, theft, vandalism, or other covered perils. This coverage is typically divided into two parts: collision coverage, which pays for damage caused by a collision with another vehicle or object, and comprehensive coverage, which pays for damage caused by non-collision events.
- Cargo Insurance: Cargo insurance provides coverage for the goods or cargo that is being transported in the insured truck. This coverage protects against damage or loss of the cargo due to accidents, theft, or other covered perils. Cargo insurance is particularly important for businesses that transport high-value or perishable goods.
- Motor Truck General Liability Insurance: Motor truck general liability insurance provides coverage for claims that are not directly related to the operation of the insured truck. This can include claims for slip and fall accidents at the insured’s premises or claims for damage to property caused by the insured’s employees.
- Non-Trucking Liability Insurance: Non-trucking liability insurance provides coverage for owner-operators or independent contractors when they are not under dispatch and are using their truck for personal purposes. This coverage is often required by trucking companies as a condition of contracting with owner-operators.
- Bobtail Insurance: Bobtail insurance provides coverage for owner-operators or independent contractors when they are driving their truck without a trailer attached. This coverage is designed to protect against liability claims that may arise during these non-trucking activities.