Trucking is a vital part of the American economy, and commercial trucks can be found on the roads in every state. If you’re a business owner who relies on trucks to transport goods, it’s essential to make sure you have the right insurance coverage. Truck insurance can protect your business from financial losses if an accident occurs.
Commercial truck insurance is available in different types and levels of coverage. To find the best policy for your situation, talk to a representative at Second Western Truck Insurance of Dallas TX today.
What Truck Insurance Coverage Is Available in Dallas TX?
Commercial truck insurance can typically be broken down into liability and physical damage protection. With truck insurance, you’ll get coverage for damages caused to another vehicle, person, or property in an accident. You’ll also be covered if your truck causes injury to another vehicle or property.
Commercial truck owners will typically need a commercial auto insurance policy, which includes:
– Bodily injury and property damage coverage: This coverage helps pay for medical expenses and repair costs if your truck injures someone or damages their property in an accident.
– Uninsured or underinsured motorist coverage: This type of truck insurance provides compensation if you’re involved in an accident with a driver who doesn’t have any liability coverage or whose liability limits are too low to compensate you for your losses entirely.
– Comprehensive and collision coverage: If your truck is damaged in an accident or stolen, comprehensive and collision insurance can help you repair or replace it.
If your business uses a vehicle other than a truck for deliveries, such as a box truck or van, it’s also essential to ensure that the car is adequately insured. Commercial auto insurance policies typically cover only liability and physical damage protection; however, some policies may also include comprehensive and collision coverage.
Why You Need Dallas Commercial Truck Insurance
Commercial truck insurance is a requirement for all businesses with commercial trucks. If your business doesn’t have the right policy and you’re involved in an accident, you could be held liable for injuries and property damage that result from an accident. A properly-insured business will have their truck covered for damages if they’re at fault or have liability protection against claims from another party.
Businesses that own their delivery trucks should also consider commercial auto insurance to protect their business operations and financial stability. If your delivery truck is involved in an accident, you’ll be able to manage the costs of repair or replacement without the expense of lost income.
Talk to a representative at Second Western Truck Insurance of Dallas TX. for more information about the correct type of commercial truck insurance for your business.
How Much Coverage Do You Need?
There are typically three different coverage options when it comes to truck insurance:
– Liability only. This type of policy will provide financial protection against damage you might cause in an accident but won’t help you pay for any damage to your vehicle. If you want to be insured for both bodily injury and property damage liability, this option is usually referred to as 50/100/50 coverage.
– Combined single limit, or comprehensive and collision. This type of commercial truck insurance will cover both bodily injury and property damage in the event of an accident, as well as provide compensation for your vehicle if it’s damaged. The CSL option is usually the most expensive commercial truck insurance policy.
– Physical damage protection only. If your truck isn’t being used for business purposes, you’ll probably want physical damage truck insurance to protect against costs associated with accidents and theft. This type of coverage doesn’t protect against liability claims or injury/property damage that results from an accident.
Most Dallas TX commercial truck insurance policies will cover:
- Medical expenses for injuries you cause in an accident.
- Repair or replacement costs if your vehicle is involved in an accident, theft, or natural disaster such as a flood.
- Reimbursement for towing and impound fees could add up if you damage your truck on the job.
- If you can’t work as a result of an accident or your vehicle, lost income is out for repairs.
- Your employees’ injuries or property damage.
Commercial truck insurance can provide your business with the protection it needs to remain financially stable, even if you’re involved in an accident.
What to Look for in a Commercial Truck Insurance Policy
In addition to liability, physical damage protection, and comprehensive and collision coverage options, it’s essential to look for insurance policies that offer high deductibles. A policy deductible is an amount you’ll have to pay out of pocket if your truck is damaged or stolen. For example, if your deductible is $500, you’ll have to pay that amount if your car needs repair. Still, the insurance company will cover the rest of the costs of repairing or replacing it.
A higher deductible can also help you save money on commercial truck insurance by lowering your monthly premium payments; however, this option may not be best for businesses that require their vehicles every day. If your truck will be unavailable for some time, requesting towing reimbursement can also help lower your monthly premium payments by reducing the risk factors associated with your policy.
Before you purchase a commercial insurance policy, make sure to ask how much coverage is available and determine which types of business activities require additional coverage, such as deliveries or transporting hazardous materials. If your commercial truck is used for both personal and business purposes, it’s essential to make sure you have the right policy in place that meets all of your needs. Before signing a contract with an insurance agent, ask about deductible options and coverage limits on your commercial vehicle insurance policy.
Protect Your Truck and Yourself with the Right Insurance Policy
Business owners need to protect their trucks and themselves with the right insurance policy. Commercial truck insurance is a must for any business that relies on its vehicle for deliveries or transportation. Not only does commercial truck insurance provide coverage in the event of an accident, but it also protects your business from lawsuits and other legal issues.
Talk to Second Western Truck Insurance of Dallas TX today. for all of your business insurance needs. From protecting company vehicles to ensuring the safety and security of your business assets, our team can find a policy that meets your unique needs. Make sure you are fully protected by getting a quote today.