Twollow
  • Tech
    How Does OCR Technology Ease Data Entry Work

    How Does OCR Technology Ease Data Entry Work?

    Social Media APIs

    Harnessing Social Media APIs to Unlock the Power of Digital Connections

    medical call center

    Essential Tips to Improve Engagement for Private Podcasts

    How to Transfer Photos From iPhone to Mac Without USB

    6 Ways How to Transfer Photos From iPhone to Mac Without USB

    Best Camera Accessories You Should Get

    Best Camera Accessories You Should Get

    AC filter

    4 reasons to change your AC filters regularly

    HOS ELD Mandate

    What is an ELD? What is a HOS ELD Mandate? 

    UX designers

    Which Tech Career is Right for You?

    outlook email

    Pro Tips on Troubleshooting Microsoft Outlook PST File Issues 

  • Apps
    News Mobile App

    Best Practices For Creating Engaging News Mobile App

    app development

    InsiderTech No:1 Web Application Development

    Efficient Hosting Solutions

    Why Businesses Should Use Highly Efficient Hosting Solutions for Their Sites

    How To Build Android Apps With Node JS Using Android JS

    How To Build Android Apps With Node JS Using Android JS

    Is Powerapps Service The Future Of App Development?

    How To Make Night In Little Alchemy

    How To Make Night In Little Alchemy?

    How To Make Light In Little Alchemy

    How To Make Light In Little Alchemy?

    How To Make Glass In Little Alchemy

    How To Make Glass In Little Alchemy?

    How to Make a Blade in Little Alchemy

    How to Make a Blade in Little Alchemy?

  • How To
    unit trusts

    How to Invest in Singapore Unit Trusts

    How To Unlock All Gun Skins in free Fire With Lulubox

    How To Unlock All Gun Skins in free Fire With Lulubox

    solar panels

    Common Solar Panel Concerns and How to Deal With Them

    imei number

    How to Check IMEI Number?

    bong

    How do you manufacture a bong?

    Central heating

    DIY Guide: How To Install A Designer Radiator

    website

    Things That Might Be Wrong With Your Website And How To Fix Them

    design a business logo

    How to Design a Successful Business Logo

    How Live Streaming works

    How Live Streaming works – Everything You Need to Know

  • Business
    • All
    • Finance
    Tips to Keep Your Chicago Business Secure

    Tips to Keep Your Chicago Business Secure

    right web development team

    How to Build the Right Web Development Team for the Next Project?

    supply chain design

    Ways To Keep Supply Chain Sustainable

    smartcards

    What can an immigration lawyer do for you?

    How is Barter Network Relevant in Modern Businesses

    How is Barter Network Relevant in Modern Businesses

    Finding time

    12 Benefits of Using a Container Tracking System

    How to Prepare Your Business for Growth

    New Year, New Opportunities: How to Prepare Your Business for Growth

    online business

    How to Take Advantage of Enterprise Podcasting to Leverage Your Team

    Business is Suffering from Storage Issues

    4 Tips if your Business is Suffering from Storage Issues

  • Marketing
    Types of Content to Post on Instagram

    Types of Content to Post on Instagram

    SMM Panel

    Why Groom Insta is the Best SMM Panel Worldwide for Social Media Marketers

    How Technology Helps Companies Sales Department

    How Technology Helps Companies Sales Department

    Free Templates

    The Trap of Free Templates: Are Cookie-Cutter WordPress Websites Really Enough?

    Create a Twitter Marketing Strategy

    Get Seen: A 7-Step Plan on How to Create a Twitter Marketing Strategy

    How to Successfully Market a Medical Device

    How to Successfully Market a Medical Device

    video making

    How to use Stock Videos in Commercial Projects?

    social media results

    How to Connect with Other Businesses on Social Media

    SharePoint Gantt Chart Web Part

    SharePoint Gantt Chart Web Part

  • General
    lawsuit against Tylenol

    The class action lawsuit against Tylenol

    wearing motorcycle jacket while riding

    5 Types Of Motorcycle Jackets For Riding

    AI

    5 Benefits of Intelligent Construction Sequencing

    people in the world are on the edge of hunger

    47 million people in the world are on the edge of hunger

    Crystal Smoking Pipes

    Top 4 Healing Properties Of Crystal Smoking Pipes That You Must Know

    kratom business

    Can Super Indo Kratom Help Boost Your Energy This Winter?

    cbd

    Is Dabbing CBD Isolate A Safe Option For Beginners?

    Steps to a Successful Garage Door Repair

    Steps to a Successful Garage Door Repair

    IRS tax

    What Is TROP (Term Plan With Return Of Premium)?

  • Reviews
    Development of Cryptocurrency

    A Crypto.com Overview

    Ophthalmology eyesight examination

    Red Light Therapy Devices for Eyes: Where to Buy

    text to speech

    Best Text to Speech Converters Reviewed

    air purifier

    Where Can You Find the Best Air Cleaner Pro Reviews?

    How to Choose a Cheap Hosting

    Liquid Web Reviews: A Look At A Reliable Hosting Company

    Ionic Training

    Get Ionic Training and Improve Your Career Options

    Learning Experience

    Salesforce DX myTrailhead to Customize the Learning Experience

    Best Web Hosting Services

    10 Best Web Hosting Services 2018

    Honey Chrome Extension Review

    Honey Chrome Extension Review – Is It Scam Or Real?

  • Featured
No Result
View All Result
  • Tech
    How Does OCR Technology Ease Data Entry Work

    How Does OCR Technology Ease Data Entry Work?

    Social Media APIs

    Harnessing Social Media APIs to Unlock the Power of Digital Connections

    medical call center

    Essential Tips to Improve Engagement for Private Podcasts

    How to Transfer Photos From iPhone to Mac Without USB

    6 Ways How to Transfer Photos From iPhone to Mac Without USB

    Best Camera Accessories You Should Get

    Best Camera Accessories You Should Get

    AC filter

    4 reasons to change your AC filters regularly

    HOS ELD Mandate

    What is an ELD? What is a HOS ELD Mandate? 

    UX designers

    Which Tech Career is Right for You?

    outlook email

    Pro Tips on Troubleshooting Microsoft Outlook PST File Issues 

  • Apps
    News Mobile App

    Best Practices For Creating Engaging News Mobile App

    app development

    InsiderTech No:1 Web Application Development

    Efficient Hosting Solutions

    Why Businesses Should Use Highly Efficient Hosting Solutions for Their Sites

    How To Build Android Apps With Node JS Using Android JS

    How To Build Android Apps With Node JS Using Android JS

    Is Powerapps Service The Future Of App Development?

    How To Make Night In Little Alchemy

    How To Make Night In Little Alchemy?

    How To Make Light In Little Alchemy

    How To Make Light In Little Alchemy?

    How To Make Glass In Little Alchemy

    How To Make Glass In Little Alchemy?

    How to Make a Blade in Little Alchemy

    How to Make a Blade in Little Alchemy?

  • How To
    unit trusts

    How to Invest in Singapore Unit Trusts

    How To Unlock All Gun Skins in free Fire With Lulubox

    How To Unlock All Gun Skins in free Fire With Lulubox

    solar panels

    Common Solar Panel Concerns and How to Deal With Them

    imei number

    How to Check IMEI Number?

    bong

    How do you manufacture a bong?

    Central heating

    DIY Guide: How To Install A Designer Radiator

    website

    Things That Might Be Wrong With Your Website And How To Fix Them

    design a business logo

    How to Design a Successful Business Logo

    How Live Streaming works

    How Live Streaming works – Everything You Need to Know

  • Business
    • All
    • Finance
    Tips to Keep Your Chicago Business Secure

    Tips to Keep Your Chicago Business Secure

    right web development team

    How to Build the Right Web Development Team for the Next Project?

    supply chain design

    Ways To Keep Supply Chain Sustainable

    smartcards

    What can an immigration lawyer do for you?

    How is Barter Network Relevant in Modern Businesses

    How is Barter Network Relevant in Modern Businesses

    Finding time

    12 Benefits of Using a Container Tracking System

    How to Prepare Your Business for Growth

    New Year, New Opportunities: How to Prepare Your Business for Growth

    online business

    How to Take Advantage of Enterprise Podcasting to Leverage Your Team

    Business is Suffering from Storage Issues

    4 Tips if your Business is Suffering from Storage Issues

  • Marketing
    Types of Content to Post on Instagram

    Types of Content to Post on Instagram

    SMM Panel

    Why Groom Insta is the Best SMM Panel Worldwide for Social Media Marketers

    How Technology Helps Companies Sales Department

    How Technology Helps Companies Sales Department

    Free Templates

    The Trap of Free Templates: Are Cookie-Cutter WordPress Websites Really Enough?

    Create a Twitter Marketing Strategy

    Get Seen: A 7-Step Plan on How to Create a Twitter Marketing Strategy

    How to Successfully Market a Medical Device

    How to Successfully Market a Medical Device

    video making

    How to use Stock Videos in Commercial Projects?

    social media results

    How to Connect with Other Businesses on Social Media

    SharePoint Gantt Chart Web Part

    SharePoint Gantt Chart Web Part

  • General
    lawsuit against Tylenol

    The class action lawsuit against Tylenol

    wearing motorcycle jacket while riding

    5 Types Of Motorcycle Jackets For Riding

    AI

    5 Benefits of Intelligent Construction Sequencing

    people in the world are on the edge of hunger

    47 million people in the world are on the edge of hunger

    Crystal Smoking Pipes

    Top 4 Healing Properties Of Crystal Smoking Pipes That You Must Know

    kratom business

    Can Super Indo Kratom Help Boost Your Energy This Winter?

    cbd

    Is Dabbing CBD Isolate A Safe Option For Beginners?

    Steps to a Successful Garage Door Repair

    Steps to a Successful Garage Door Repair

    IRS tax

    What Is TROP (Term Plan With Return Of Premium)?

  • Reviews
    Development of Cryptocurrency

    A Crypto.com Overview

    Ophthalmology eyesight examination

    Red Light Therapy Devices for Eyes: Where to Buy

    text to speech

    Best Text to Speech Converters Reviewed

    air purifier

    Where Can You Find the Best Air Cleaner Pro Reviews?

    How to Choose a Cheap Hosting

    Liquid Web Reviews: A Look At A Reliable Hosting Company

    Ionic Training

    Get Ionic Training and Improve Your Career Options

    Learning Experience

    Salesforce DX myTrailhead to Customize the Learning Experience

    Best Web Hosting Services

    10 Best Web Hosting Services 2018

    Honey Chrome Extension Review

    Honey Chrome Extension Review – Is It Scam Or Real?

  • Featured
No Result
View All Result
Twollow
No Result
View All Result

How To Choose The Right Trucking Insurance

by Tom Fogden
September 6, 2021
0
Trucking Insurance
Share on FacebookShare on Twitter

Choosing the right trucking insurance is one of the most important decisions you’ll make in your business. Whether it’s a liability, cargo, or other types of coverage, there are many factors to consider when picking a policy. We’ve broken down what you need to know about trucking insurance so that you can get started with choosing the best plan for your company.

Choosing The Right Trucking Insurance

What is trucking insurance and why do I need it?

Trucking insurance is an insurance policy designed specifically to cover fleet-related risks and liabilities. As a matter of fact, you are required by law to have trucking insurance in order to operate your truck business legally on public roadways. If you need it, look here for a tow truck insurance program that suits you. Companies that have multiple trucks or drivers operating their equipment are required to carry some type of protection plan no matter how large or small the company is.

Every state has different requirements when it comes to trucking insurance, so be sure to check with your state’s Department of Transportation (DOT) website for specific coverage information based on where you run your business.  

What types of liability should I consider?

Trucking insurance usually offers several different types of liability coverage, including:

Bodily Injury and Property Damage Liability – This type of insurance covers damage to vehicles or property that your business is responsible for. It also covers physical injury that happens as a result of an accident involving one of your company’s trucks.

Legal/Court Expenses – If you are sued because someone got hurt in an accident, this coverage will pay to defend you against the lawsuit. You will have to pay any damages that go against you out-of-pocket though.

Uninsured and Underinsured Motorist Bodily Injury (aka UIM) – This is auto insurance for when someone else hurts one of your drivers. The coverages are similar to

Each state has minimum limits that companies must follow when choosing a liability policy.

Types of trucking insurance coverage you can get

Different types of trucking insurance plans offer different levels and types of coverage. With the help of your agent, you’ll be able to choose from any or all of these:

  • Cargo Insurance – Cargo insurance covers goods on your trucks that are damaged or lost. It includes general liability coverage as well so if anything happens while your drivers are transporting items for clients, this policy will pay to cover it.
  • Hitch Coverage – This type of trucking insurance is vital if anyone else uses one of your company’s vehicles when they’re not supposed to. If a business is using one of your trucks without permission and causes damage to other people’s property or someone gets hurt in an accident, then hitch protection covers those damages.
  • Liability Insurance – A basic liability policy is a must-have for every trucking company to make sure that if anything happens on the road, your business will be protected. 
  • Physical Damage Coverage – If your trucks are involved in an accident (or you need to tow one that had engine trouble), physical damage coverage is required by law. This type of trucking insurance covers damaged equipment as well as repairs.

How to save money on your trucking insurance by shopping around

Just like any other type of insurance, it’s smart to call your agent and shop around when you’re searching for the best trucking insurance. Insurance rates are based on many different factors including age, location, past driving records, and more. By getting at least 3 quotes from separate companies, you’ll give yourself a better chance to find out where your business is getting the best deal. Keep in mind that each quote will likely have several different price options so be sure to choose a quote that has the coverage you need at a price you can afford.

Premiums do vary depending on which company provides your policy so make sure you ask questions about what types of discounts they offer as well as whether or not there are certain requirements based on the size of your fleet.

Why the right type of coverage will help protect your company’s assets 

Every company wants to make sure it has the protection it needs should an accident occur while one of its trucks is on the road. Unfortunately, most companies aren’t aware of what types of trucking insurance coverages are necessary until they experience a loss. That’s why having the right type and amount of insurance is crucial to protecting your business. Make sure you:

  • Have enough coverage – Liability limits for trucking companies generally start at $750,000 and go up depending on how many vehicles you have in operation. It’s a good idea to contact your agent or broker if you aren’t sure about how much liability insurance to get, 
  • Consider adding other types of insurance – Cargo Insurance, physical damage coverage, and hitch protection, for example

How to buy the right amount of coverage for your needs without breaking the bank

When you’re shopping for business insurance, the cost of coverage plays a major factor in what company, if any, you’ll go with. 

Even though the minimums are set by law, the amount of liability insurance trucking companies need to have isn’t actually enough to fully protect your assets. If a claim is made against your company and it’s found to be at fault,  then your finances are on the line – not just those of your trucking company but also yours as well. That’s why adequate limits are crucial to making sure no one has to suffer financially because they did nothing wrong.  

There are many different ways to find the best trucking insurance coverage for your business. Your agent or broker should be able to help you get all of the coverages you need without hiking up the price too much – after all, they’re used to dealing with companies just like yours.  

Choosing the right type of trucking insurance is crucial to your business. We’ve provided some basic information on each type so you can make an informed decision, but if you have specific questions or need help choosing a policy for your company, get in touch with our team of experts at Insurance Solutions Group today.

Tom Fogden

Tom Fogden

Tom Fogden is a writer for Twollow with a range of experience in the world of tech publishing. Tom covers everything from cybersecurity, to social media and website builders when he's not reviewing the latest phones, gadgets, or occasionally even technology books.

Related Posts

Tips to Keep Your Chicago Business Secure
Business

Tips to Keep Your Chicago Business Secure

As a business owner, you have a lot of stake in your company's success. Part of your responsibility is to...

by John Morris
January 30, 2023
right web development team
Business

How to Build the Right Web Development Team for the Next Project?

Web development is an amazing field with different companies and freelancers trying their hand at the newest technologies. However, do...

by Tom Fogden
December 29, 2022
supply chain design
Business

Ways To Keep Supply Chain Sustainable

Careful planning is one of the most important ways to keep a supply chain sustainable. This means ensuring that resources...

by John Morris
December 23, 2022
smartcards
Business

What can an immigration lawyer do for you?

If you are a U.S. citizen, then your immigration status is not in question, unless you have been convicted of...

by Anasvirk
December 19, 2022

Recommended

Tips to Keep Your Chicago Business Secure

Tips to Keep Your Chicago Business Secure

January 30, 2023
Types of Content to Post on Instagram

Types of Content to Post on Instagram

January 30, 2023
How Does OCR Technology Ease Data Entry Work

How Does OCR Technology Ease Data Entry Work?

January 30, 2023

Who We Are

Twollow is one of the leading tech and business blogs, that is dedicated towards updated Technology & Business news, reviews, Apps, how-to, smart tricks, and tweaks.

Follow Us

  • Facebook

Categories

  • Apps
  • Business
  • Education
  • Featured
  • Finance
  • General
  • How To
  • Marketing
  • Reviews
  • Security
  • Tech
  • Uncategorized

Top Posts & Pages

  • Damon Salvatore Rule 34: Everything You Need To Know 
    Damon Salvatore Rule 34: Everything You Need To Know 
  • 100+ Free Premium Minecraft Accounts & Passwords (Tested 2022)
    100+ Free Premium Minecraft Accounts & Passwords (Tested 2022)
  • How to Get Free Virtual Phone Number for WhatsApp Installation
    How to Get Free Virtual Phone Number for WhatsApp Installation
  • How Much Weight is Allowed in a 20 ft and 40 ft Container?
    How Much Weight is Allowed in a 20 ft and 40 ft Container?
Tips to Keep Your Chicago Business Secure

Tips to Keep Your Chicago Business Secure

January 30, 2023
Types of Content to Post on Instagram

Types of Content to Post on Instagram

January 30, 2023
How Does OCR Technology Ease Data Entry Work

How Does OCR Technology Ease Data Entry Work?

January 30, 2023
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Cookie Privacy Policy

No Result
View All Result
  • Home
  • Security