Commercial trucks: they’re a common sight on the road and a foundation of the economy. Whether you are an owner-operator or manage a fleet of commercial vehicles, it’s important to protect your investment and your livelihood. For these instances, consider commercial truck insurance. In Glendale, AZ, drivers and truck owners are taking advantage of the benefits and coverage that policies provide. Today we will talk about why taking out an insurance policy is important.
Commercial truck insurance is comprised of a collection of policies that are designed to protect commercial trucks and their drivers. These policies can provide financial assistance or logistical support–tools that you may use in a time of need. Many trucking companies, drivers, and owner-operators take out policies for many reasons, including:
State and Federal Regulations: Federal law requires that commercial trucks be covered by some form of insurance policy. Additionally, state laws have different requirements. Depending on the weight, passenger capacity, or nature of the cargo your trucks carry, you may be required to carry a specific insurance plan. Your auto insurance broker can help you find a policy that meets your needs.
Asset Protection: Trucking companies, owner-operators, and for-hire drivers depend on their vehicles to secure their revenue. If something were to happen to a vehicle or its driver, the losses could take a big toll. Insurance policies are intended to protect trucks, equipment, and cargo–offsetting the potential financial losses.
Personal Protection: In a similar vein, it is important to understand that driving poses distinct risks, including the risk of bodily harm. Insurance can also include a liability policy that protects drivers and other parties involved in an accident. These policies can help pay for emergency services, health care and treatment, and more.
Finding the right policies that meet your needs is a daunting task, but it can help you in a time of need. Consider your options for commercial truck insurance and protect your enterprise from the unexpected.