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The Benefits of Buying Insurance for a Dump Truck

You’re aware of the importance of having the appropriate insurance in place if you own a dump truck business. This is due to the fact that safely operating such large machinery comes with a number of risks. These vehicles are often costly to replace and repair, not to mention the damage they can cause to others can be detrimental! As a result, you must ensure their protection because your transportation business is likely your primary source of income.

In the event of an accident, your truck’s damages as well as the other party’s medical bills, injuries, and property damage will be covered, depending on the coverage you choose. As a result, we recommend that you purchase dump truck insurance to avoid financial hardship. The benefits of dump truck insurance will be discussed further in this article.

Why Do I Need Insurance for My Dump Truck?

Even when you’re careful, accidents still happen, unfortunately. Dump truck drivers must operate under a variety of circumstances while maneuvering through treacherous terrain hauling heavy loads. The DOT reported 383 fatal crashes involving dump trucks, 8,881 towaway incidents, and 5,829 injury crashes in the United States in 2018. These incidents made up about 8 percent of all serious truck crashes that year.

Coverage Options

Medical Expenses

If your truck causes bodily harm to another person, this coverage will pay for their medical bills. This will additionally cover any legal costs you incur in the event of a lawsuit.

Property Damage

The other driver’s vehicle and belongings that are damaged in the event of an accident will be repaired or replaced with the help of property damage coverage.

Comprehensive Coverage

If something other than a collision damages your truck, comprehensive coverage should be able to assist with repairs. It typically covers damages from things like falling debris, fire, animal strikes, theft, and vandalism. Therefore, this coverage would aid in helping to cover the costs of repairing your truck if a branch were to fall onto it.

Collision Coverage

In the event that your dump truck is damaged in an automobile crash, collision coverage can assist you in getting it back on the road as quickly as possible. Collision insurance would assist in financing the cost of repairing or replacing your vehicle if it’s damaged in an accident. Remember that this coverage is valid regardless of who caused the accident.


With the aid of cargo insurance, the load you’re transporting would be covered in the event of a collision, theft, or fire. Therefore, if you choose not to purchase this coverage, you’ll be liable for paying the client for any lost cargo. In fact, before the load is released, the majority of businesses demand that truck drivers have a specific level of cargo coverage in place.

For more information on the cost of cargo insurance, refer to our blog.

Bottom Line

Although these may not be the only coverages you require for your dump truck business, they’re the main ones you need to take into account.  Also, it’s  crucial that you read through your policy’s exclusions so you know what’s covered and what’s not.

You can get the insurance you need to safeguard your trucks with the assistance of our transportation insurance specialists. Fill out our online form, give us a call, or use LiveChat to begin receiving your truck insurance quotes. We’re dedicated to assisting transportation companies in obtaining excellent insurance at a competitive rate.

To get an idea on the average dump truck insurance cost, refer to our article.




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