What Protections Do Commercial Truck Insurance Policies Come With?
The commercial truck insurance policies offered in Massachusetts generally meet the state’s minimum coverage requirements, and many policies offer additional protection. Most companies get one of these policies that have additional protection so they’re better shielded from potential perils.
A few of the main protections trucking companies normally look for in a policy include:
- Physical Damage Coverage, which may cover damage that a company’s truck sustains
- Unidentified Trailer Coverage, which may cover damage that a non-owned trailer sustains
- Trailer Cargo Coverage, which may cover damage that cargo in a truck or trailer sustains
- Liability Coverage, which may cover accidents resulting in others’ injuries or damage to their property
- Uninsured and Underinsured Motorist Coverage, which may cover accidents that improperly insured drivers cause
What is Trailer Cargo Coverage?
While trucking policies frequently adjust these coverages to suit a commercial trucking company’s needs, trailer cargo coverage is a particularly specialized protection. It’s normally not included in other types of commercial vehicle insurance policies. The coverage usually covers a trailer’s cargo against both loss and damage, subject to a policy’s terms, conditions and exclusions.
In many commercial trucking policies, trailer cargo coverage is adapted to protect a particular class of cargo. When selecting a policy, companies should work with a knowledgeable agent to make sure their chosen policy’s cargo coverage is adapted to the type of cargo they haul.
How Can Trucking Companies Find Good Commercial Trucking Insurance?
For help insuring a trucking company that’s based in Massachusetts, contact the independent insurance agents of The Feingold Companies. Our agents have the ability to show you policy options from multiple insurance companies since they’re independent, and they additionally have the expertise needed to help you select the right policy option for your business. With their assistance, you can be confident that the commercial trucking insurance you choose keeps your company well protected.
