Liability Concerns for Transportation Specialists

Because the trucking industry is well represented in the Lone Star State, Texas is well positioned to take advantage of business opportunities related to the Panama Canal expansion. The added risks and exposures bring the need for insurance for truckers that really address the issues they face. No company wants to be underinsured in instances where a claim could result in a serious financial loss.

Coverage is vital in order to protect against damage or injuries to others that may occur as a result of accidents while on the road. Plus, certain policies are needed as mandated by the State and Federal agencies and a form of proof is required to be sent to them. Motor truck cargo insurance provides legal liability coverage for truckers, whether common or by contract, while they are transporting the property of others. The policy protects the insured trucker and any covered property in his or her possession.

Get the protection necessary to avoid fines

Coverage is generally rated and can be supplied to you on a scheduled vehicle basis. This means that if the vehicle is not on the schedule then there is no policy is required. A problem can arise when there is a large fleet being insured during the policy period. Exercise care and diligence when communicating with your broker to avoid gaps in coverage. With only a few vehicles to insure this is generally not a problem.

Various policy endorsements may be available to extend alternative coverages to your auto liability. Pollution liability, which is common in this industry as it relates to the use of vehicles, is a form that should be given much consideration. Various deductibles are available to allow you to absorb some of your losses and reduce your overall cost for your policies. Interstate truckers will likely need special endorsements that will extend coverage to the regulatory agencies.

Certain policy limits for insurance for truckers exists for operations with trucks over 10,000 gross vehicle weight as required under state laws. This limit is set by the Federal Highway Administration (FHWA) on interstate travel and is generally matched by various states. Speak to an agent whose specialty is cargo and transportation insurance about any questions you may have.


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