Searching for trucking insurance in Florida can prove to be a challenge for new owners. With so many coverage requirements to sift through, building a policy with the right coverages requires a certain level of industry experience. To help make up for your knowledge gap, here is a simple breakdown of the most popular coverages that you should expect to include in your policy.
General Liability Trucking Insurance
General liability trucking insurance is wide-ranging protection for third party liability claims against your business not related to a car accident. It offers coverage for legal fees as well as payments towards damages for which you’re found liable.
Truck Liability Insurance
Truck liability insurance is the most important and expensive part of a trucking insurance policy. It protects you against third party claims resulting from car accidents where you’re at fault. Note that this is a required coverage for state and federal agencies, so you don’t have the option to refuse it.
Source: Western Truck Insurance
As the name implies, cargo insurance covers the freight that you’re carrying against damage or loss. The policy comes with a maximum load limit for each vehicle which means that you will need to be as accurate as possible when estimating your coverage needs.
Other coverage options that you’ll likely want to include in your policy include, but aren’t limited to, physical damage truck insurance, property insurance and trailer interchange coverage. Work with an experienced agent to create a complete policy that meets your needs.