Securing your assets: A complete guide to commercial truck insurance

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Securing your assets A complete guide to
commercial truck insurance
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• Lets face it, accidents happen. Protect your
  business and its assets from accidents on the
  road by ensuring that you have comprehensive
  commercial trucking insurance coverage. Without
  it, a single incident involving one of your
  trucks could cause serious financial distress for
  your company. Dont take chances make sure you
  know exactly what kind of protection is needed to
  keep your business safe.
• Why do businesses need commercial truck
  insurance?
• Working in the commercial truck industry carries
  some important responsibilities. Not only is it a
  necessity to comply with laws, but being
  adequately protected by insurance can make sure
  you stay on track and safeguard your hard-earned
  investments.

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• Having reliable coverage not only fulfills legal
  requirements but also allows lenders peace of
  mind when doing business with you.
• Commercial truck insurance keeps your business
  moving no matter what. With the right coverage,
  you can be prepared for any bumps in the road and
  make sure your operations stay on course all
  while protecting against potential risks.
  Investing in commercial truck insurance is an
  easy decision to ensure a secure future for your
  organization.
• What vehicles are covered by commercial truck
  insurance?
• With so many different vehicle types on the road,
  its important to find an insurance provider that
  meets your needs.

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• From dump trucks and flatbeds to vans and
  semi-trucks, insurance companies offer coverage
  for a wide range of vehicles both commercial
  and personal. Many businesses find that bundling
  their insurance needs helps them reduce the
  overall cost of insurance giving them peace of
  mind when it comes to keeping their fleet
  protected.
• Types of insurance
• There are various types of insurance for
  different scenarios. Its important to understand
  what type best suits your needs lets look at
  some of the different options General liability
  insurance Accidents dont only happen when
  youre out on the road. General liability
  insurance is designed to provide peace of mind
  and protect your business from mishaps that may
  occur while loading cargo, or if someone takes a
  tumble at a dock even though its not related
  to trucking activities!

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• Primary auto liability Automotive liability is a
  must-have for carriers, mandated by federal
  regulations. This coverage does not fix the
  damage to your truck, but it offers protection
  against any damage you may cause to someone else
  while running your business on the road.
• Physical damage Maintaining your commercial
  truck is essential, especially when you finance
  or lease. Physical damage insurance provides
  valuable coverage that protects and repairs
  damages caused by accidents, theft, or even
  vandalism.
• Non-trucking liability If you ever get into an
  accident while the truck is not dispatched, the
  non-trucking liability insurance coverage will
  provide protection for those unforeseen
  situations. It is often known as a deadhead or
  bobtail.

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• Motor truck cargo coverage Dont get caught
  off-guard with unexpected cargo issues. Motor
  truck cargo coverage can come to the rescue in
  cases where insurance falls short. Ensure youre
  prepared for whatever comes your way by
  understanding whats included and excluded in
  your coverage such as vehicles left unattended,
  which is often not covered.
• Trailer interchange Regardless of whether you
  own the trailer or not, its essential to have a
  trailer-interchange agreement in place. This
  helps ensure everyone is on the same page and
  makes sure your company keeps its vital
  operations running smoothly. Non-owned trailer
  liability If youre hauling a trailer that isnt
  your own, having non-owned liability coverage is
  important. An interchange agreement can provide
  additional assurance while navigating unfamiliar
  roads and routes.

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• Medical payment Protect yourself from the
  unexpected with medical payment insurance. If any
  injuries occur during dispatch, youll have
  coverage for those costly bills so there are no
  surprises down the line.
• Uninsured or underinsured motorist coverage
  Dont let an accident with a driver who doesnt
  have enough coverage leave you on the hook for
  extra costs. Uninsured and underinsured motorist
  policies provide financial assistance in this
  event, ensuring that you will not suffer from any
  unplanned expenses as a result of someone elses
  negligence.
• Terminal coverage Often drivers are required to
  sit at a terminal for extended periods of time.
  Protect your goods while they are being stored
  for up to 72 hours with terminal coverage.

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• Warehouse legal Secure your cargo from
  unexpected events with a warehouse legal policy.
  Protect goods stored longer than 72 hours against
  losses due to theft, fire, and sprinkler damage.
• 3 Steps to get commercial truck insurance
• Research is key.
• Be prepared to speak to insurance providers.
  Collect personal driving records and details on
  where trucks are stored, cargo transported, and
  types of vehicles in your fleet. These items will
  be considered when determining the price of your
  insurance.

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• Get multiple quotes
• Make sure to request quotes from multiple
  companies and refer back to your current
  declaration page when comparing quotes. Ask
  questions and know what matters as you make
  adjustments to your insurance coverage. This will
  provide peace of mind for budgeting decisions
  going forward!
• Gather information
• Knowing the right information is essential when
  it comes to insuring your fleet. As such, be sure
  to have all the necessary details on hand. Know
  your drivers license numbers and operating
  history and your trucks vehicle identification
  numbers (VINs).

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• Downplaying or omitting important facts could
  result in trouble later down the line be
  truthful upfront to ensure a smoother
  transaction.
• Get started now
• Investing in commercial truck insurance isnt
  just an added expense its an essential
  safeguard against the costly risks of hauling
  cargo. From lost or damaged freight to legal
  liabilities, having adequate coverage is a
  must-have for any successful business on the
  road. Make sure you understand exactly what your
  policy covers and review it periodically so that
  you arent caught unprepared when the unexpected
  strikes. Invest responsibly in protection now to
  ensure success down the line!

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• Using our resources, we compare prices between
  the nations top-rated insurance companies,
  offering you competitive, and affordable
  insurance solutions. Give us a call at
  859-441-2886 today, and well make sure you have
  a quick, easy, and worthwhile experience.

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