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FAQs about Commercial Trucking Insurance: What You Need to Know

Are you a small business owner or commercial truck driver who’s looking for information about commercial trucking insurance? If so, you’ve come to the right place! In this article, we’ll answer all of your burning questions about commercial trucking insurance, so you can rest easy knowing you’re covered. 

We’ll start with the basics: what is commercial trucking insurance? In short, it’s a type of insurance that provides financial protection against losses arising from the use of commercial trucks. This type of coverage is important because it can help cover the costs of any damages that may occur due to an accident or other unforeseen circumstances.

So, what do you need to know about commercial trucking insurance? We’ll cover some of the most frequently asked questions in this article, so you can make an informed decision. Let’s get started! 

Do I Need Commercial Trucking Insurance?

If you’re a commercial truck driver, you may be wondering if you need commercial trucking insurance. The answer is yes! Commercial trucking insurance is a must-have for any commercial truck driver. Not only is it required by the Federal Motor Carrier Safety Administration (FMCSA) and state laws, but it also provides a layer of protection in case of an accident.

Primary liability coverage is the most common type of commercial trucking insurance required by law. This coverage pays for medical expenses, property damage, and legal fees in the event of an accident. General liability coverage is also required and covers third-party claims, such as bodily injury or property damage.

There are other types of coverage that may be beneficial for commercial truck drivers but are not necessarily required by law. For instance, bobtail coverage covers the truck when it is not being used to haul freight, and motor truck cargo insurance covers the freight itself. These types of coverage offer additional protection in the event of an accident.

What Are the Different Types of Commercial Truck Insurance

1. Primary Liability Coverage

Primary Liability Coverage is one of the most important types of commercial truck insurance. It provides protection for you and your trucking business in the event of an accident or other incident that causes bodily injury or property damage. Primary Liability Coverage is usually required by law to operate a commercial truck in the US, and it is typically the most expensive type of coverage.

2. General Liability Coverage

General liability coverage is one of the most important types of commercial truck insurance. It provides business owners with protection against a variety of third-party claims for bodily injury, property damage, and personal and advertising injury.

This type of coverage is necessary for any business that operates a commercial truck, as it will provide protection if a third party is injured due to the truck’s operations. This type of coverage may also provide protection if the truck’s operations damage a third party’s property.

In addition to providing protection against third-party claims, general liability coverage can also provide protection against legal costs associated with defending a lawsuit. This type of insurance can also provide coverage for medical payments, which can help to cover the costs of medical treatment for those injured as a result of the truck’s operations.

3. Physical Damage Coverage

Physical Damage Coverage is a type of commercial truck insurance that covers repairs or replacements to your truck and trailer in the event of a collision, fire, theft, or other physical damage. This type of insurance is important for truckers as it can help protect their assets and keep their business running smoothly.

The Bottom Line: The Importance of Having Commercial Trucking Insurance

In conclusion, having commercial trucking insurance is essential for any business that operates trucks on public roads. It provides financial protection against accidents, theft, and other liabilities. It also helps businesses comply with state and federal regulations, and provides peace of mind for businesses. For these reasons, businesses need to make sure they have the right commercial trucking insurance in place.

Are you looking for the best insurance coverage in Conyers, GA? If so, you’re in luck! The Tabb Insurance Agency is dedicated to providing Conyers residents with the best insurance coverage options available. With years of experience in the insurance industry, we’re committed to making sure you get the protection you need at an affordable price.