There are various types of truck insurance coverages, and it could be difficult to identify which one is proper to meet certain needs. Selecting an inappropriate coverage will not only result in risks but could cause business operations issues for not having the right coverage at all.
Various Commercial Truckers Insurance Coverages
Here are some of the basic information concerning truck insurance coverages in the market:
- Commercial Auto Liability – an insurance required by federal regulations. It protects you when there is a third-party claim involving bodily injury or property damage.
- Physical Damage – provides coverage for physical damages such as collision or comprehensive: theft, vandalism, fire, and natural disasters, etc.
- Non-Trucking Liability – also interchangeable with Bobtail coverage. It covers circumstances where the truck driver is off dispatch or driving the truck for personal reasons.
- Motor Truck Cargo – provides protection for damages and loss to freight in transit.
These coverages protect truck operations. However, the risks of being exposed to business activities that are not related to operating your truck could arise and need to be covered too.
SynchronoSure® understands that Commercial Auto Liability does not cover everything. There is a need for trucking businesses to cover liability losses not related to the operating the trucks.
Overlooked Instances that Truckers GL Covers
Consider these examples. Your mechanic asks your parts supplier to look at something under the truck and a part falls onto the supplier causing him injury. Or perhaps there are kids in your yard, they started playing with stacked tires and the pile falls over injuring them. These are some of the occurrences that are not covered by Commercial Auto Liability insurance.
SynchronoSure®’s Truckers’ General Liability
SynchronoSure®’s Truckers’ General Liability is a casualty policy specifically designed to meet the common needs of the trucking business for owner operators and motor carriers. It covers liability exposures of business activities not related to operating the truck. It covers your “premises and operations” which means your shop, yard, and for erroneous delivery, visitor injuries, driver actions or errors while representing your company on delivery, and other unexpected risks.
This product is available to small to mid-size trucking companies with 25 or fewer tractors or power units. SynchronoSure® offer limits up to $1,000,000 per person / $2,000,000 per occurrence / $2,000,000 annual aggregate.
Restrictions of Truckers GL
This product is not available on the following vehicle types: garbage trucks, cement trucks, limos, for hearses, buses, passenger vans, and ice cream trucks. It does not cover hauling sand, gravel or aggregates, other dump body exposures, or trash, garbage, refuse or transfer to landfill haulers and operations.
Get the right coverage for your business “Quick, Slick and Easy”
Getting an insurance for the non-operation related incidents is as important as getting the basic trucking insurance. Applying for SynchronoSure®’s Truckers’ General Liability can provide you with the added protection to your operation that complements your Commercial Auto Liability coverage.
Do you want to partner with us? Ask your agent about SynchronoSure®’s Truckers’ GL or have them give us a call. If you do not have an agent, call us directly at 888 389 0439 and we’ll be glad to connect you with an agent in your area. If you are an agent and interested in this product, click here to Become a Producer.