Trucker Hangout Chatbot

Hello there, how can I help you?

Why Truck Insurance is Important for Trucks and Trucking Company?

Comments · 0 Views

Commercial truck insurance is necessary to protect drivers and owners in a range of scenarios. These include loss of cargo, liability in an accident, or even during overhaul repairs if a rental truck is temporarily needed to continue operations. Commercial policy coverage can be added to a

Trucking companies must file proof with the state and federal governments that they have enough coverage on their trucks to cover both the value of the truck itself and the cargo. This ensures both business and personal liability protection, as well as a high level of peace of mind for drivers, knowing that if something goes wrong, someone is looking out for them.


How Much Does Commercial Truck Insurance Cost?


Commercial truck insurance policies are highly personalized and tailored to your business needs. This means that each risk factor will be taken into account when reviewing your policy, including whether you have any traffic tickets or convictions for driving while under the influence. The amount you pay for commercial truck insurance should also match your typical cargo. Car haulers may need more coverage than minimum requirements, but smaller trucks may only need basic coverage. If you meet certain criteria, like operating additional trailers, then carriers may offer discounts based on the volume of business.


Three reasons why Trucking, Transportation, and Logistics Firms should have Cyber Insurance:


Money is Constantly Trading Hands:

Cybersecurity is critical to business, and the only way to ensure your information is secure is to take action before it’s too late. Many organizations simply don’t have the money and expertise to implement resources like encryption, monitoring, online threat detection and response, frequent backup/restore capabilities, etc. Fortunately for you, BlueScope has all these skills and more at our fingertips.


Cargo Theft:

Cargo theft is both a serious and growing problem that impacts every aspect of the supply chain. Trucking companies have gone digital, and thieves are more sophisticated than ever. This course will teach you all about cargo theft, its impact on your business, and how to mitigate it. Learn to identify the tactics being used, and how to protect yourself from these criminals who want nothing more than to steal what belongs to you.


Driverless Cars/Trucks:

If hackers are successful in infiltrating a driverless car, truck, or delivery vehicle control system, it could cost businesses a substantial amount of money. The consequences of a cyberattack on a fleet management system can be severe, but it’s important to note that these new technologies are not currently at the point where they can be hacked. We have experienced first-hand how these systems could easily be rerouted and cause traffic accidents as well as expose proprietary business secrets. We will discuss in more detail the risks and challenges posed by vehicle safety technology, such as autonomous vehicles and collision avoidance systems in this short text article!


Best Commercial Truck Insurance Companies:



CoverWallet is one of the most competitively priced business insurance agents in the industry offering competitive rates on a wide range of policies from leading carriers and CoverWallet plans to start as low as $39 per month.


Progressive Insurance:



Progressive provides coverage for owner-operators and motor carriers. The company has been providing insurance coverage to truckers for over 40 years and is well known for customer service and commitment to the trucking industry.


State Farm:


State Farm can help you get back on the road with comprehensive commercial vehicle coverage. This includes bodily injury, liability, and medical payments coverage – as well as a $25,000 deductible that doesn’t apply to commercial vehicles.


EIB Direct:


EIB Direct is a leading insurance broker that offers a complete selection of insurance programs and solutions for the trucking industry, including specialized coverages for long-haul and short-haul operations.


OIDA Truck Insurance:


OIDA is a highly-respected association for owner-operators and independent truckers. They offer several policies and coverage options for small-business truckers that are backed by decades of experience.