All About Insurance for the Trucker and the Trucking Company

Attention all individual truckers and associated hauling companies! We don’t have to tell you that your line of business is open to numerous risks. You know that already. What we can supply you with is the info necessary for comprehensive protective coverage, tailored to your specific needs.

A qualified independent insurance agency will be able to come up with an elite packaged policy for the related indemnity, such as:

Commercial liability insurance coverage

Commercial auto liability insurance coverage

General liability insurance coverage

Workers compensation

This insurance applies to trucks used and hired to transport cargo. This includes commercial trucks, such as:

– the box cargo type

– the cement carrying variety

– Dump types

– Garbage trucks

– Refrigerated box types

– Roll-on

– Semi

– Straight

– Tank trucks and

– Tractor trailers

Tractor Trailer insurance coverage incorporates the following types of cargo trucks:

1. Auto hauler

2. Bottom dump

3. Bulk commodity

4. Tank

5. Lowboy

6. Dry freight

7. Dump body

8. Flatbed

9. Tilt

10. Pole trucks

11. Gooseneck trucks

12. Livestock trucks

13. Logging trucks

14. Utility trucks

15. Refrigerated varieties

The Scoop on Trucking Operations Coverage

Related insurance is a specialty one for any tractor-trailer trucks or heavy load trucks that transport cargo from one place to another for others and covers auto liability as well as physical damage. Insurance for the bobtail type of truck, interchangeable agreements and motor truck industry is also available.

Then there is the workers comp aspect that trucking companies may be responsible to provide to their trucking contracts.

All about Related Occupational Accident Insurance

Also known as Workers Compensation, this kind of indemnity protection is usually arranged by the trucking corporations for the individual owner or operator of their contracted trucks. After buying the insurance coverage from the associated agency representing the insurance carrier, the trucking company passes on the cost of the premium to the trucker. Some American states make workers comp a mandatory coverage that trucking companies must provide to their truckers while other states do not.

Of course each company, and owner or operator has their own insurance requirements. This is why every associate should discuss the particulars with a knowledgeable insurance specialist. In general, it is the independent insurance agent that is appointed to do business with many of the top carriers will be able to offer the best package deal at a cheaper quote than others.

Tips on Securing the Best Commercial Roadside Assistance Company

With a myriad of companies offering roadside assistance plans, how do you go about obtaining the best plan for your company’s needs?

You’re probably already familiar with the extensive benefits a roadside assistance plan can offer. From saving you hundreds of dollars in towing fees and minor repair costs to potentially saving your company thousands of dollars in lost business, should a disabled vehicle leave your employee stranded and unable to make his delivery or schedule appointment, a roadside assistance plan is a very valuable resource.

When a company vehicle, whether it be a commercial, fleet, construction, or rental vehicle is an important tool in conducting your business, you don’t want to choose the wrong roadside assistance company that could leave you without it for hours, or even days. Finding yourself broken down on the side of the road is a helpless feeling, and you don’t want to your employees to be in this scary situation either.

The right company can make a difference in turning a bad situation to at least a tolerable experience.

  • Finding and securing the best commercial roadside assistance company who meets your needs before trouble strikes, is imperative.
  • Ask about the company’s response time, and do some research to determine if this information is in line with their past and present customers’ experiences. Check references and read user reviews to see what other members have to say.
  • If you have a lot of company vehicles you’ll need covered, find a provider who will offer discounts based on the number of vehicles.
  • Instead of just picking one and hoping for the best, pick out a few different programs and compare them. Be sure to compare apples to apples by comparing quality, benefits and cost of the service.
  • If you or your employees do a lot of traveling, ask about long-distance towing, traveling services, maps and routing and travel discounts.
  • Call the toll free number the company provides for roadside assistance. How long does it take before you reach a live person?
  • After narrowing down your options, talk to company representatives. Knowledgeable and friendly representatives are usually a sign of a good company. A helpful staff that doesn’t hesitate to answer any questions that you have will give you a good idea as to the type of environment and quality of service they offer.

Signing up for a commercial roadside assistance company doesn’t have to be painful: learn about your options and get the best service for your company vehicles.

Commercial Insurance: Tips on Choosing the Right Company and Policy

“Commercial insurance” essentially refers to insurance that protects businesses and professionals from any unforeseen circumstance that could affect the business / professionals financially. It’s always a good idea to have some sort of coverage for your business, even if you work from home. A general liability policy at the very least is recommended as it covers businesses for cases like a customer getting injured on the property, someone trying to sue you for medical costs, if your products cause injury, if copyright infringement, and so forth.

General liability insurance is offered by some contractors as a stand-alone coverage through some insurance companies, although it is often combined with property insurance in Business Owner Policies, or BOPs.

Here are a few tips for choosing commercial insurance:

• The best insurance for your business won’t be the same for every business, because each company is unique. It’s best to go through a company that offers tailored solutions, so you won’t have to worry about paying for coverage that you don’t even need.

• Learn about the laws in your area. Where your business is located plays a role in how much money you’ll have to pay. The risks are greater in some areas. What is the minimum requirement for companies in your city and state? How big is your commercial property?

More Tips for Finding Good Commercial Insurance

• One thing to look for is a company that will offer ways to reduce the cost of commercial insurance to ensure that you are getting a competitive price. Some providers actually offer discounts for home-based businesses. You might also be rewarded if you employ good risk management, such a keeping the commercial property clean and hazard-free.

• Keep the terms “named perils” and “open perils” in mind. Open perils coverage refers to protection against nearly every potential loss, except for losses specifically excluded in the commercial insurance policy. Named perils policy, on the other hand, only provides coverage for losses that are specifically INCLUDED in the policy, such as theft, wind, fire, vandalism, etc…

• If you are looking for an insurance broker, make sure that individual knows your industry. The more knowledgeable they are about your specific needs and requirements, the better able they will be to help you get the best possible coverage at a reasonable price. Also, look into a broker’s geographical licensing and operations. Do they align with the regions or states your company operates in?

A good place to begin your search for a good commercial insurance policy is the Hiscox Business Insurance Group. Hiscox Inc is financially strong and offers affordable, tailored coverage in all 50 states.