Do you own or run a trucking company? If so, then you understand the numerous risks associated with the business. Trucks are a huge investment. And while you cannot predict what happens once they get on the road, the least you can do is ensure they are always protected from unseen problems. This is where commercial truck insurance comes in to give you peace of mind, knowing that whatever happens, your assets and employees are covered. However, you must understand the types of commercial truck insurance to select one that meets your needs.

Bobtail

Bobtail aims to protect both your business and the truck drivers. It can be termed as non-trucking liability coverage. It caters to damages caused when the driver uses the tractor minus the trailer. Unlike non-liability coverage, which covers the vehicle when on personal missions, bobtail covers the tractor when on dispatch and off dispatch.

Liability Insurance

Most states require your trucks to have liability commercial truck insurance before heading on the road. If road users or persons who are not part of your company suffer injuries due to accidents caused by your truck, you are held liable for the damages. Liability coverage caters to the medical bills, lost wages, and other costs incurred by the third parties.

General Liability Coverage

Motor truck general liability insurance is geared towards protecting you against losses suffered by other individuals due to an accident caused by your trucks. It covers bodily injuries, medical bills, and property damages.

The main aspect that makes motor truck general liability coverage stand out is that it caters to damages associated with your trucking business but does not involve driving trucks. These include slander, damages from accidents at the loading sites, and losses incurred as a result of incorrect products distribution.

Uninsured/Underinsured Motorist

If you suffer an accident caused by another motorist's negligence, you probably expect them to compensate you for the property damages and bodily injuries. But what happens if the at-fault party is uninsured or underinsured?

Uninsured/underinsured coverage helps you to cater to the medical bills and costs of truck repair or replacement as you wait for the at-fault motorist to come up with a plan. In return, your company will continue running without harming your finances.

Final Thoughts

Most trucking company owners understand the benefits of commercial truck insurance. But they do not understand how the different policies work. The guide above will help you make informed decisions when selecting the best coverage for your trucks. Keep these tips in mind when looking for commercial truck insurance.