Having car insurance seems to be a no-brainer decision, but would you believe that some working in the trucking industry doubt the importance of carrying a comprehensive policy. Commercial truck insurance is a decision that can be reasonably supported by the following reasons.
Having it is the law. Federal regulations dictate what kind of coverage you need and how much.
Accidents are a real possibility. No matter how careful you might be, having an accident is always a possibility when traveling on open roads.
You need to protect your cargo. It would be terrible to secure an expensive load and yet lose any profit as well as have to pay out a claim in the event of damage.
You must also care for your customers. If you are transporting someone else’s load, professional courtesy would be to care for it as your own. Commercial truck insurance helps with the financial costs associated with claims for damage.
Your customers expect it. Many potential customers won’t give your trucking company a second look without showing proof of insurance. Having it increases their confidence in your services and delivery.
It can keep your business going. Without truck insurance, you will be faced with financial and legal problems when accidents and claims occur. Insurance will be there to provide the support to keep your doors open.