Commercial Truck Insurance
Commercial Truck Insurance Commercial truck insurance is a critical safeguard for businesses that rely on trucks for transporting goods and materials. This type of insurance protects the truck, cargo, driver, and business from financial losses due to accidents, theft, damage, and liability claims. The coverage is tailored to meet the complex risks of the trucking industry, ensuring compliance with legal requirements while managing operational risks. Types of Commercial Truck Insurance Coverage Commercial Auto Liability Insurance This mandatory coverage protects against bodily injury and property damage that the truck driver may cause to others in an accident. It covers medical expenses, legal fees, and settlements resulting from collisions. The Federal Motor Carrier Safety Administration (FMCSA) requires minimum liability limits depending on the cargo and operation type. Physical Damage Insurance This covers repairs or replacement of the truck and trailer if they are damaged in ...