Businesses that are unsure whether their vehicles necessitate a commercial truck policy can get guidance from an insurance agent who specializes in this insurance. A specialized agent will have the expertise necessary to review a business’ vehicles and make an informed recommendation.
What Protections Can Businesses Get Through Commercial Truck Insurance?
Commercial truck insurance policies typically come with a range of coverages that protect businesses, trucks, cargo and more. Some prominent coverages that a policy might offer include:
- Liability Coverage, which may cover injuries and property damage that other parties sustain during accidents
- Physical Damage Coverage, which may cover damage that owned trucks and trailers sustain during accidents or other incidents
- Unidentified Trailer Coverage, which may cover damage that non-owned trailers sustain during accidents or other incidents
- Trailer Cargo Coverage, which may cover damage to or loss of cargo when the goods are on a truck/trailer
- Downtime Coverage, which may extend coverage for the truck to times when it’s parked or otherwise not driven
- Non-Trucking Coverage, which may extend coverage for the truck to times when it’s driven for personal use
- Uninsured and Underinsured Motorist Coverage, which may cover accidents caused by uninsured drivers
Another term for unidentified trailer coverage is interchange coverage.
What Types of Cargo Does Trailer Cargo Coverage Protect?
The exact cargo that a commercial truck policy’s trailer cargo coverage protects is determined by the terms of that policy. Various policies are available for all sorts of cargo, including both low-value and high-value goods.
A knowledgeable insurance agent can help businesses get trailer cargo coverage that covers their goods well.
How Much Car Commercial Truck Policies’ Premiums?
Because commercial truck policies proved many different vehicles and cargos, premiums for these policies vary dramatically at times. A last-mile delivery service that uses only cargo vans will likely pay much less for coverage than a nationwide freight transporter that moves hazardous materials. Regardless of how much premiums are, however, maintaining coverage is essential.
Some of the details that can impact premiums are the following:
- Size of the truck fleet
- Make, model and year
- Annual mileage driven
- Drivers’ license endorsements
- Drivers’ driving records
- Classes of cargo transported
- Regions and states driven in
An independent insurance agent can get customized quotes from different insurers to see how much a business will pay for a policy that meets their needs.
How Can Massachusetts Businesses Get Commercial Trucking Insurance?
For help insuring one or more trucks that are registered in Massachusetts, contact the independent insurance agents at Paul T. Murphy Insurance. Our agents are well-versed in many types of vehicle insurance, and we have the expertise necessary to find commercial trucking insurance that’ll protect your trucks well.
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