Commercial Trucking Insurance

Commercial truck insurance can be issued to truck or fleet owners based on the type of vehicles and scheduled uses on local, interstate, and intrastate roads. This is ideal for various types of trucks: dry vans, refrigerated trucks, flat bed trucks, dump trucks, car haulers, or loggers. If an owner seeks coverage for larger fleets, broader policies are available which provide commercial truck insurance for owned, non-owned, and hired (or subcontracted) vehicles. There are also options that allow owners to base the policy on gross revenue of business or a mileage premium method, although better business may mean increased charges. Unlike recreational truck insurance, commercial trucking insurance has various policy endorsements which allow for regional commercial regulations and even pollution liability.A policy can also be written to cover the freight being hauled. If owners want to protect themselves against risk of cargo damage or loss, motor truck cargo is a policy that can be purchased with a maximum load limit per vehicle. All hauled cargo can be evaluated to determine the exact loss or replacement value so that the cargo can be insured at a rate that will fully protect the trucking company. For instance, commercial trucking insurance can include provisions to protect cargo whether it is on the truck, in the terminal, or in the warehouse. If a load cannot be delivered, commercial trucking insurance can also include a Warehouseman's legal liability policy to help pay for any charges for storing undelivered cargo.

Companies that employ truckers will be required by law to carry coverage that includes workman's compensation. This ensures that any injuries sustained on the job will be fully treated without loss to the company or the employee's family. Even independent truckers or "owner/operators" can carry a similar type of commercial truck insurance called an Occupational and Accidental Injury policy. All quotes may post driver requirements as well such as Commercial Driver's License (CDL) driving experience, age limits, and no more than three moving violations, at fault accidents, or major violations in 3 years. "O the depth of the riches both of the wisdom and knowledge of God! how unsearchable are his judgments, and his ways past finding out! For who hath known the mind of the Lord? or who hath been his counselor?" (Romans 11:33-34) Some state statistics says that every 16 minutes, a person is killed or sustains injury in accidents involving 18-wheelers, tractor-trailers, or semi-trucks. Large trucks are more likely to be involved in a fatal multi-vehicle crash than are passenger vehicles and, odds are, that the accident will occur in good weather, on dry roads, during the daytime, in a rural area, on a weekday. For the protection of all, the right commercial trucking insurance deserves serious consideration.