Trucking Risks

When it comes to investing in commercial truck insurance, it can be a daunting experience. After all, you have to ensure that there are no gaps in coverage, that you are receiving adequate coverage for a good price and that your trucking operation is protected.

Common Trucking Risks

Trucking risks might vary from driver to driver. In general, most truckers have to worry about physical damage, vandalism and theft. Coverage in case of an accident is a necessity for all truckers. However, some risks vary based on the type of trucking business. For instance, an oil truck has different risks from a refrigeration truck. One truck may risk the perishable items going bad, whereas an oil truck has to worry about spills and pollution.

Common Trucking Coverages

Every business has different needs. The type of coverage that you need relies heavily on the type of trucking business you have.

Common insurance coverages include:

  • General liability
  • Truck liability
  • Property damage
  • Cargo insurance
  • Pollution insurance

With many of the coverages, you have to have several policies to account for the risks.

While the trucking industry can be lucrative, there are also several risks that you need to account for. When you have an insurance policy that protects against your company’s specific hazards, you can rest easier.