Physical damage insurance provides coverage to repair damage to your truck or trailer caused by fire, severe weather, theft, vandalism, and falling objects. It is common for lienholders on truck loans to require physical damage coverage to protect their financial interests if the truck requires costly repairs or cannot be fixed.
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Whatever type of truck you drive, you know that there are tons of risks involved. Handling more heavy-duty vehicles means being more responsible and cautious of every other driver on the road. So, it’s important to learn proper safety and how to protect your drivers if something happens. These preventative measures can range anywhere from proper training to truck monitoring.
Protecting your drivers from risks also includes truck insurance. However, it’s not enough to know the basics of coverage. Fleet owners must know the best types of insurance to protect their unique company. For instance, an insurance plan for a towing company in one region can be completely different from a reefer truck fleet’s in another location. Therefore, shopping for trucking insurance means knowing your company and all of the specific risks you face.
Here, we’ll go over all you need to know about trucking. We’ll walk you through what types of risks commercial trucks face and trucking news. We’ll also cover what types of trucking insurance you’ll need and how to save on the best coverage for your business.
Important things to know about drug and alcohol testing for truck drivers
There are many protocols and procedures in place that can help to assure the safety of commercial drivers and all other people on the road. One of those categories of procedures involves drug and alcohol testing. Here is what you need to know about that type of testing for commercial drivers.
What is a truck inspection like?
The Department of Transportation (DOT) requires all commercial vehicles that weigh more than 10,000 pounds to undergo an annual truck inspection. This is to ensure that all equipment on the commercial vehicle works as it should to help improve public safety. The DOT conducts inspections at six different levels.
How to find a great flatbed trailer insurance policy
Flatbed trailers haul large, bulky items like heavy-duty vehicles, machinery and more. Because a flatbed trailer must use chains and other specialized equipment to secure loads, there tends to be more risk with driving these trucks compared to others. To manage risks, you must get the right flatbed truck insurance coverages.