For trucks driven in Georgia, the minimum insurance amount is $100,000. Commercial trucks carrying over 12 passengers have to have an insurance limit of $500,000. However, privately owned pickup trucks and automobiles only need a minimum insurance amount of $50,000 per accident and $25,000 per person.
transportation insurance
Transportation insurance is a vital part of any cargo carrying business. It’s important for each type of business that transports goods to have a custom insurance plan. From tractor trailer fleets to small catering vans, each must understand how transportation insurance covers them from specific risks. There is a lot of factors that go into this type of insurance plan.
Business owners need to know what type of insurance is right for their company. Also, they’ll need to know if they require anything from physical damage insurance, cargo coverage, or other specialty coverages. Therefore, it’s important that drivers know their vehicles and how business practices can affect their rates. Anything from driving habits, the type of vehicle, and preventative maintenance practices can affect the type of insurance you need and your rates.
On this page, we’ll cover everything you need to know about transportation insurance. We’ll go into the different types of coverages, what insurance you need for your business, and how to get great rates.
Ways to Save on Your Truck Insurance
No matter how good of a driver you are, you probably notice your truck insurance premiums rising every year. Though most factors that cause premiums to increase aren’t in your control, there are some things you can do to try and keep them as low as possible.
How Much Will It Cost to Insure My Tractor Trailer?
A tractor-trailer is a combination of both a trailer and tractor that are connected by a fifth wheel hitch. In general, they’re used to transports heavy loads from one place to another. This type of truck has many names that can often confuse people.
Don’t Over-Insure Your Trucking Business
Many trucking companies in the United States spend more on their truck insurance than they’re supposed to. To handle their expense, these companies either move to cheaper insurance or completely cancel their truck drivers’ insurance policies.
How Much Cargo Insurance Do I Need?
Since trucks carry a wide variety of cargo throughout their journeys, it’s hard to figure out how much coverage they’ll need. If you’re a trucker, keep in mind that the amount and value of your cargo changes pretty frequently. That’s why it’s important to invest in a quality cargo insurance policy that fits your needs.
How Much Does a Truck Accident Cost?
Determining the cost of a truck accident and how it may impact your business is essential. Even a minor crash can be financially detrimental. When determining how much an accident costs, it’s important to remember that the cost varies from incident to incident.
Why You Need Uninsured Motorist Coverage for Your Truck
Accidents on the road are far too common, especially among truck drivers. Given the type of vehicle they’re driving and the cargo they’re hauling, you can see why accidents happen frequently.
Commercial Auto Insurance vs. Personal Auto Insurance
Personal auto insurance covers most four-wheel vehicles such as trucks, vans, and cars that are for personal use only. However, if these vehicles are for business use then commercial auto insurance is required. All businesses require some sort of insurance for their vehicles.
