A tanker truck is an enormous investment. It’s an asset to your business, so you’ll want to make sure you’re covered should anything happen to it. Depending on what you’re hauling, there are different tanker truck coverages you might need.
The minimum required insurance is liability, which protects you from the costs of injuries and property damage caused to others. Liability insurance does not, however, cover your cargo or trailer.
Anything can happen on the road. Accidents, collisions, or fires can damage your truck as well as the trailer and cargo you’re hauling. It’s important to safeguard your entire investment.
Protect Your Cargo
General freight insurance protects your cargo, but you may need additional coverage, depending on what you’re transporting. Different cargo requires different protections.
For example, if you’re carrying milk, you’ll want insurance that covers spoilage. Hazardous materials, like gasoline or other flammable substances, have the potential to cause serious damage. Because of this, the law often requires trucks carrying these materials to have coverage of at least $1 million.
Get The Right Coverage
With an investment as big as a tanker truck, it’s critical to have the right coverage. Otherwise, an accident could mean huge costs for you. Consider what you’re hauling when deciding on the right insurance for your truck.