A trucking company faces numerous risks in order to accomplish the important goals ahead of employees on a daily basis. Understanding those risks and using those to develop a comprehensive insurance plan is a solid step towards protection of the business you have worked so hard to build. Having detailed insurance policies in place across the board can give you the opportunity to focus on servicing clients and growing your business rather than worrying about the costly expense and stress of claims. Primary liability coverage can be thought of as the most basic, and one of the most important, types of commercial truck insurance.
A primary liability insurance policy is critical for truck operators. Generally, primary liability coverage protection for truckers will range somewhere between $750,000 and $1,000,000 for property damage and bodily injury. In addition to this amount, truckers who transport specific materials across state lines are required to carry limits or additional coverage as specified by the Federal Highway Administration. Those truckers moving hazardous materials, for example, will have higher minimum coverage in automobile liability. Meeting with an insurance expert can help you to determine the necessary types of insurance to have in place.
Primary liability insurance is in place to protect the public from injuries and damages caused from an accident involving a truck. Determining the right deductible and amount of coverage is am important process, since choosing a policy that’s too small could lead to a very expensive accident. In many cases, it’s intelligent to select a primary liability coverage to get basic protection and then add additional types of trucking insurance to remain fully protected from all the risks on the road. Foundationally, primary liability insurance assists with providing a basic layer of protection and compliance with the law, and it is necessary for all truck operators and companies to consider the many benefits of purchasing a policy.