6 Things to Know About Commercial Insurance for Trucks
If you have a business and it has vehicles, you are probably looking at getting commercial insurance for trucks. This is a smart business move and ensures that you have protection on the road. At Insurance Professionals of Arizona (IPA), we are committed to making sure you have the right coverage for the right price. There is nothing worse than paying too much for not enough coverage.
We want your business to thrive, while having the perfect amount of coverage for all of your business ventures. There are a lot of moving parts when it comes to commercial insurance for trucks. Luckily, you do not need to be an expert in truck insurance, you can leave that to us.
There are a lot of things that go into insurance policies when looking at commercial truck insurance. We have decided on the top 6 things that you need to know about truck insurance for your business.
1. Do You Need Commercial Insurance for Trucks?
This is the first thing to determine, as you may not need commercial truck insurance at all. You don’t want to be paying for something you don’t need. That is where insurance professionals come in. They will check out your business situation and pick out insurance choices that are right for you.
Truck insurance is a fantastic option if you are the owner of your own truck or someone who operates it. Any major road transportation via trucks likely means you will need truck insurance. They can include different trucks that will be discussed in depth below. In essence, it is a good idea to get truck insurance if you have a truck for your company.
You may not need truck insurance if you have vehicles that are not trucks. You may also not need it if you have a fleet of trucks. Fleet insurance may be a better option for your company. If you find that you do not need truck insurance, do not get it. Also, if you find that you do need it, do not delay getting full coverage insurance.
2. What Trucks Are Covered?
There are a lot of different types of trucks. Insurance companies insist that each truck is specified. You also have different kinds of cars that may be under fleet insurance or even minibus insurance and not truck insurance. There are also going to be trucks covered under truck insurance that you would not have considered. It is best to go to your insurance professional and see exactly what each insurance package covers.
The types of trucks that are usually covered by commercial truck insurance are any kind of transport truck. Usually, most people think of transport trucks as big semi-trucks that are seen on the highway. A semi-truck is just one kind of truck that is covered by truck insurance. Tow trucks, food trucks, moving trucks, and dump trucks are just a few trucks that fall under commercial insurance.
3. Different Factors
Just like auto insurance or even boat insurance, many different factors will determine your monthly rate. The year, the make, and model of your truck, and even the cargo you transport can factor into the rate for your truck insurance. However, another major factor will be your drivers. Their driving record and also driving experience will be a factor for insurance.
IPA is a great choice for someone who wants to sit down and talk about their concerns and needs. If we are not the best fit for you and your needs, we will help point you in the right direction, while ensuring that you are taken care of and that your needs are being met.
4. Customization For You
With all of the different factors and truck specifications, there is some room for customization. This is great for your insurance package and your company. It lets you decide what you need, and it allows you to pick and choose. You may only want the truck covered rather than the driver or the other way around. Also, depending on your situation, you may want it all covered.
5. Commercial Insurance for Trucks: Coverage
There is always a sweet spot when it comes to insurance. You want to have great coverage for the lowest price. There is nothing worse than not having enough coverage because you cannot afford the price. If you do not know what coverage you need, come in and talk with one of our professionals at IPA.
The amount of coverage depends on which insurance package you choose. Some insurance packages will cover certain parts of the truck, but not the whole truck. This can become frustrating if you get in a wreck or weather damage happens to the truck. There are insurance options that entirely cover the whole truck, cab, driver, and tilt.
6. Different Insurance Companies
With a trusted insurance broker, you can make sure you are getting the right insurance package. You should have a great relationship with your insurance broker. This means you can ask them any questions about different companies. Another thing to do is communicate with other business owners or people you trust. If they have more experience with truck insurance, ask them what companies they recommend.
IPA wants to make sure that you have the best insurance for your company or small business. Our insurance professionals know all of the ins and outs of commercial truck insurance. We are excellent at matching company needs and insurance policies. You do not want a mediocre fit for commercial insurance, you want a great fit.
Having commercial insurance for your truck fleet is a great way to have peace of mind about your company. Most importantly, you have several insurance options to choose from to best benefit your company. A trusted insurance professional will make sure you make the best choice for your business and situation.
Now It’s Your Turn
Did you learn something new from this post?
Leave a comment below today!