Important Information About Commercial Truck Insurance
For vehicles that are operated for any business-related purposes, the vehicles will need commercial insurance. This includes taxis, limousines, bus charters, delivery services, and more. Commercial trucking companies are included in this group. Each state has its own specific, set requirements for the minimum amount of insurance coverage each vehicle will need. This will also be considered completely separate from any personal insurance, even in the cases of small businesses.
What commercial insurance provides
To be absolutely certain that everything necessary is covered, here is a list of items that most commercial insurance policies cover:
- Most policies will cover tools, materials, and merchandise will it is being transported, sitting in the vehicle, or on the work sites. From construction supplies to food deliveries, the supplies necessary to the job will be safe.
- Employees who operate the vehicles will also be covered. Whether it's a whole fleet or simply one or two employees, while operating the vehicle they are covered in case of any accident or injury.
- Some policies have substitute vehicle coverage. This is used in case a main vehicle is in the shop or temporarily out of use. This will help to keep operations running and prevent any harm against the company.
What is needed to be covered under a policy
For those just getting started, there are certain pieces of information that will be needed to receive a quote and start the policy. Listed here are a few of the most important pieces of information that will be needed.
- For any employees that will be operating the vehicles, their driver's licenses and driving histories, which includes tickets, will be required. This will ensure the drivers are covered in the case of any accidents or injuries. It is important to be as honest as possible. If a driver is later discovered to have a worse history than is provided, the insurance policy can be raised.
- Any vehicle identification numbers (VIN), as well as a list of the safety and security features on each of the vehicles, will be necessary.
- Information about where the trucks are kept, especially during the night, whether or not they are being used. This will help the insurance company provide a more accurate quote.
Just as is with any type of auto insurance, there will be deductibles for commercial trucking insurance. This will be based on the type of coverage, which is determined by the state's requirements, as well as the policy type. For more information, talk to insurance providers through resources such as http://www.truckwriters.com/.