As the driver of a big rig, you ride down the highway in a mobile office, especially if you are an owner/operator. When you’re in business for yourself, not only do you have the pleasure of traveling the beautiful countryside as you transport goods, but you also enjoy financial freedom. The very financial independence that you worked so hard to attain as a small business owner can be blotted out in an instant in the event of a crash.
As a driver working under your own authority, you have to take special measures to protect your investment that truckers working on behalf of a motor carrier don’t have to worry about. It makes good financial sense to buy as much big rig insurance as you can afford up front, so you don’t end up shelling out an exorbitant amount of money for property damage and medical expenses after an unfortunate collision.
The following three types of commercial truck insurance can help protect your investment and your livelihood:
Liability insurance. Big rig coverage can be expensive because commercial trucks are often the largest vehicles on the road and can cause the most damage. Liability insurance protects you in the event that you injure another driver or cause damage to their personal property during a trucking accident. Speak to your insurance carrier today to determine the amounts of coverage you need.
Non-trucking liability insurance. As an independent trucking professional, you need this form of insurance in the event that you’ve delivered your cargo and sustain an accident while your big rig is not in use for trucking purposes. For example, if you are on the way home after transporting goods, and you cause a crash, non-trucking liability insurance provides coverage when you are not in business.
Cargo insurance. Your reputation is built on safely delivering goods and merchandise from one location to another. This type of insurance is invaluable for owner/operators. It offers protection for the precious cargo you’re transporting in the event of theft, fire or an accident. Speak to an insurance professional to determine the necessary coverage levels.
You’ve worked hard to grow your business, but one accident can wipe out your sole source of income. Drive smart with proper commercial truck insurance. Your business will blossom as a result.
Online policy for trucks need to contain specific places which usually encourage the customers to acquire immediate compensation; that could be property damage responsibility, extensive coverage or perhaps physical injury culpability and so forth.
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