How Smart Trucking Companies Find Insurance Quotes
Whether you are at the beginning of your truck insurance policy search or looking for a new insurance provider, it can be helpful to keep pertinent company information at the forefront of your mind. Policies can vary greatly in terms of coverage and price, so consider the status and requirements of your transportation company before you contact any brokers. Gather the following information to ensure an optimal new relationship with an insurance company.
The Type of Company You Operate
Though you may know the information like the back of your hand, assembling a collection of documents with your company details is a good idea. If you can, include the following:
• All business documents that show your company name and any changes to it
• The number of staff you employ and their job titles
• The number of vehicles in your fleet
• Your location and the geographical areas you operate in
• Financial figures showing annual revenue and projected growth
The Best Insurance Company for You
Once you have an organized picture of your transportation company, begin to research companies for truck insurance options. In doing so, you can make a thorough list of questions and comments you have on available policies. A high-quality insurance company will not only provide comprehensive truck insurance coverage, but also engage in an open dialogue about your needs and how your relationship can successfully grow in the future.
Whether an owner-operator or running a transportation fleet, truck insurance is an important element of keeping professional drivers on the road or serving customers. This type of coverage offers a range of solutions to keep you protected.
Every operation has its own uniqueness and potential risks. Regardless if drivers are operating semis, flat beds, tow trucks and more, tailored coverage is available. Below are a few types of insurance to consider:
- General liability: This is a broad coverage focused on third-party liability. It offers protection for injuries or damages that happen on your property or while your services are being used. It can also protect breach-of-contract issues. Options are available to further tailor it to your needs.
- Truck liability: While on the road, this protects you in the case of damage or injuries due to an accident. State and federal agencies requires this type of coverage.
- Physical damage: The vehicle and trailer equipment is covered with this insurance. It is considered first-party insurance and offers options for your specific operations.
- Pollution: Any discharge or pollutants can be protected. When transporting hazardous cargo, additional coverage may be necessary.
- Motor truck cargo: Once a customer’s good are in your hands, you are responsible for the cargo. This insurance can help protect you in the case of lost or damaged goods.
The above list is only a few of the truck insurance options available. An insurance expert can help determine what specific coverage your business may need.