Maximize Profit With Smart Commercial Truck Insurance Choices
Types of Coverage
When selecting commercial truck insurance, it's important to understand the different types of coverage available:
1. **Liability Insurance**: This is often mandatory and covers damages to others in an accident where your driver is at fault. It includes both bodily injury and property damage liability1.
2. **Physical Damage Coverage**: This includes collision and comprehensive insurance, which cover damages to your vehicle from accidents, theft, vandalism, and other non-collision-related incidents.
3. **Cargo Insurance**: Protects the goods being transported, ensuring that any loss or damage to cargo is covered, which is crucial for businesses transporting high-value items2.
4. **Uninsured/Underinsured Motorist Coverage**: Offers protection if your vehicle is involved in an accident with a driver who lacks sufficient insurance.