The road can be quite a dangerous workplace. Whether you’ve got a couple of trucks or you manage a fleet, it’s important to make sure that your trucks are protected by the right truck insurance. What insurance do you need for a flatbed truck insurance program? Here are the important coverages to consider for your business.
General liability insurance is a fundamental component of your essential flatbed truck insurance. It can cover claims of bodily injury or property damage caused by the daily operations of your business. It can help you in the event of a claim that happens at a loading dock or at a job site while assisting with loading and so on.
Auto liability insurance helps cover your legal obligation to the other driver if you’re at-fault in an accident, and it can help you cover legal expenses if you get sued. There are two parts:
- Bodily injury liability – Covers the medical expenses, lost wages, and pain and suffering of the other driver if you injure someone in an accident.
- Property damage liability – Covers the repair or replacement of the other driver’s car if you’re at-fault in an accident. It also covers other property that you might happen to damage in a collision.
Auto liability won’t cover damages to your truck if you’re in an accident or if something else happens to it. That’s where physical damage insurance comes into play – this is the flatbed truck insurance coverage that will help you protect your investment in your truck, typically in two parts:
- Collision coverage – Helps repair or replace your flatbed truck if you’re in an accident or if you otherwise collide with something.
- Comprehensive coverage – Helps repair or replace your flat bed truck if something other than an accident damages it. For example, it covers losses like fire, vandalism, falling objects (like trees), and animal strikes. It can also cover your truck if it gets stolen.
Flatbed truckers may have some pretty hefty loads, that could be very valuable. Fortunately, there’s a flatbed truck insurance coverage to cover your liability for the load. Cargo insurance protects the load you’re hauling against losses like theft, fire, or collision. It may also cover the costs of cleaning debris and such off the road.
The law and the contracts that you carry could require you to carry certain levels of cargo insurance, which is why it’s important to make sure that you’re aware of your specific requirements. Ensure your limits of coverage are high enough to protect yourself in the event of a loss that damages the cargo you’re hauling.
About Gain Insurance Agency
Gain Insurance Agency protects trucking businesses against liabilities and claims in the industry. We combine products provided by respected insurance providers with our expertise and custom packages to meet customers’ individual needs. Our goal is to give you the coverage that you need at the lowest possible price. To learn more about our products and services, contact us today at (877) 424-3344.