Trucking is a higher-risk industry than most people realize. There are a lot of things that can go wrong when transporting goods over such long distances. Accidents happen, and it’s impossible to be certain that things will go right every time.
This is true of most businesses, of course. That’s why nearly every industry has some form of insurance to help with these concerns. The trucking industry is no different.
Truck insurance is an important thing for any trucking business to have. It helps protect your investment and allows you to rest a little easier at night.
What exactly is truck insurance, and why do you need it? Let’s take a look at four reasons you need to get your trucks insured.
Why You Need Truck Insurance
As with any type of insurance, truck insurance has a lot to offer. Here are just a few of the benefits.
Truck Insurance Protects Your Brand
Truck insurance is a great way to protect yourself and your brand from potential lawsuits. Most truck insurance policies will cover any bodily injury that may come as a result of your trucks. This keeps it from coming out of your pocket, and also helps protect you from potential lawsuits.
Similarly, if you conduct any advertising on your trucks, insurance will cover that as well. If someone tries to hit you with a false advertising lawsuit, truck insurance will cover that.
Truck Insurance Covers Property Damage
Should damage occur at an outside site as a result of one of your trucks, insurance will cover that. This includes property damage that occurs during transit. It also covers property or commodity damage that occurs at a delivery location as well.
Protecting Your Cargo
If you opt for cargo protection as part of your truck insurance policy, it will cover damages to the cargo you’re transporting. This is invaluable. Cargo is your entire business in trucking, and lost cargo means lost revenue.
Protection From Uninsured Motorists
If your truck drivers are in an accident with an uninsured motorist, this can leave you out a truck. Worse, the costs of the truck will have to come out of your pocket.
When you get truck insurance, you can opt for coverage for this exact scenario. In that case, your truck insurance will cover the costs of your truck in place of the motorist’s lack of insurance.
Not all trucking is the same, of course. You can tailor your truck insurance to meet your specific needs. Commercial trucking insurance might look vastly different from log truck insurance, for example.
Insure Your Trucks Today
Regardless of the kind of trucking you do, truck insurance is a vital investment for your business. It helps protect your investments. It also insulates your company from potential damages or lawsuits.
So make sure your trucks are insured. Get in touch with your insurer, and make sure your policy fits the needs of your business. It’s well worth the investment.
