January 20, 2022
January 20, 2022

Semi-truck insurance

Haul much more, worry even less

Road transportation is the most basic form of transportation within a country. Among all commercial vehicles, semi-trucks are a popular vehicle used in road transportation to transfer goods and services. Semi-trucks are comparatively bigger and are also prone to accidents and damages. Semi-trucks are on the road more than any vehicles, so if you live in the City of Jacksonville, good semi-truck insurance is a bright idea. Semi-trucks roll on the road more than any other vehicles physical damage insurance for semi truck is a bright idea. Get it now! 

Why is the semi-truck insurance in COJ so important?

The trucking industry is America’s lifeline as the whole economy relies on it to deliver goods and services. The trucking business in the US is worth billions of dollars and employs more than 5% of the total manpower within the country according to an article published by Business Insider. Moreover, it transports seventy-one percent of the entire shipment in America.

What are the costs attached to semi-truck insurance?

Semi-truck insurance is generally expensive because of the nature of the job. This happens due to commercial trucks always being on the move and is a high-risk business. Therefore, the premiums are higher. Local insurance agents use some factors determining the premiums are as follows:

  • Credit record
  • The driver’s experience and licenses
  • The price of the truck
  • Payment plans
  • Type of product your business ships
  • Operating areas

Coverage Included in Semi-Truck Insurance 

General Liability Insurance

General liability insurance protects the insured against liability exposures other than automobile and professional liability. It also covers insurance claims resulting from business operations such as property damage, medical expenses, and injuries – if your driver runs into an accident. Liability insurance will also pay for your legal defense bills, regardless of who’s at fault.

semi-truck insurance

Worker’s Compensation Insurance 

Worker’s compensation insurance is required in almost all states of the US. It pays your workers for lost income, medical expenses, rehabilitation costs, and so on. A single driver transports a significant amount of shipment; thus, one’s well-being is in the business’s best interest.

Commercial Umbrella Insurance

Commercial umbrella insurance reimburses you if your current plan is not enough to cover up losses incurred. For example, if you are at fault in an accident and the goods damaged are significantly more than your limit. Hence, commercial umbrella insurance will cover all the excess costs.

Different insurance for different trucks:

Listed below are multiple types of insurance available for businesses with different types of trucks:

  • Semi-truck insurance (18 wheelers or tractor-trailers)
  • Tank truck insurance
  • Garbage truck insurance
  • Box truck insurance
  • Tow truck insurance
  • Commercial dump truck insurance
  • Car haulers and auto trailers insurance
  • Flatbed truck insurance

You should elevate safety to new heights with the help of Semi Truck Insurance Alaska and take your business to next level. Moreover, you must talk to an independent insurance agent for cyber liability insurance and talk to e and o insurance for insurance agents for expert advice on e and o insurance.

Frequently Asked Questions

What is the most affordable truck insurance?

The Chevrolet Colorado, Ford Ranger, and Ford F-150 are the cheapest trucks to insure, according to AutoInsurance.org. This data, on the other hand, is based on the model from the previous year. You may want complete coverage, which includes collision and comprehensive coverage, if you drive a newer truck.

Is it true that diesel trucks have lower insurance premiums?

Insurance prices are determined by the car's value, regardless of the type of vehicle purchased. As a result, insuring a higher-priced car will cost more than insuring a lower-priced vehicle. Because diesel vehicles are more expensive to manufacture than ordinary gas trucks, diesel truck insurance is typically 10-15% more than gas truck insurance.

semi truck insurance

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