How Does Trucking Insurance Work for Long Haul Trucking?

How Does Trucking Insurance Work for Long Haul Trucking

Coverage for long haul truck or trucking company is crucial for protecting the vehicles, its contents and drivers involved. Trucking insurance policies are not all created equal, however, so it is important to shop around and find a policy tailored to fit your long haul trucking needs. 

Long-term security is necessary for drivers who are on the road a significant amount of time. It is important for individuals and companies to get coverage that fits their needs. If you operate as an independent contractor, your insurance needs may be different. Those who operate a full company and hire drivers have employees to provide protection for. However, in all cases, your trucking insurance needs to be comprehensive.  

What Does Long Haul Trucking Insurance Cover? 

There are two main types of coverage when it comes to trucking insurance: property damage and liability. 

One key area of protection is for the actual truck itself. These are large investments. Without your truck, you cannot operate your business. Protecting the value of the truck can be a significant need.  

Your policy needs to be very specific. It should provide coverage based on the value, features, size and function of your truck. With long-haul trucks, there is a greater chance of damage with more time spent on the road. This includes higher risks for theft, vandalism, and collisions.  

Also make sure your trucking insurance policy includes medical payments coverage for the employees driving it. 

Minimize Liability Risks 

Most trucking insurance companies provide a high level of liability insurance. This coverage protects others on the road with the truck driver. It can help other parties recoup their losses after an accident.  

Since trucks are often in more accidents and more high-risk accidents than passenger vehicles, it is imperative to have plenty of protection. What makes it more difficult is that long-haul truck drivers are on the road even longer than most. As a result, liability insurance plans tend to be very large and provide significant protection. Otherwise, a single claim could put your business out of operation.  

To minimize risks, work to be claim-free. Avoid truck drivers who have significantly poor records. Increase the amount of safety training your drivers have. And, work with the right trucking insurance company to ensure you remain protected. These steps minimize your risks. They also help to reduce your overall costs in the long term.  

Speak with an insurance agent about your long haul trucking policy to make sure you get the right coverage for your needs.