Commercial truckers have accidents all the time. When they do, they could harm others. Therefore, if the trucker is the one who caused the accident, they’ll likely have to pay for the damage. Those with liability insurance will find that coverage beneficial in times like these.image of truck hauling a load Why is this coverage so critical to a trucker’s financial security?

Liability insurance is some of the most important vehicle coverage out there. It’ll protect both truckers and others on the road. Therefore, it’s not something any driver should go without.

Your Public Liability Coverage

Auto liability coverage pays for the damage to others caused by truckers who have fault in an accident.

What if you rear-end another vehicle? The accident may cause significant vehicle damage and injuries to the other driver. Your liability insurance can help that driver receive compensation for their losses. They won't have to file a risky claim on their own auto insurance.

Most trucking liability insurance will include liability coverage. It is protection required by the Federal Motor Carrier Safety Administration (FMCSA). That is for a very good reason. On one hand, it helps accident victims recover from the losses caused by a trucker’s mistakes. On the other, it helps a trucker avoid costly losses and settlements that might beckon because of their fault. It helps them take better responsibility for their mistakes.

The coverage required by the FMCSA will differ, usually based on your cargo. However, many truckers can benefit from additional coverage. Your agent can be your advocate in helping you determine the appropriate coverage.

Cargo Insurance as a Liability Protection

When trucking, you have an obligation to protect the cargo in your care. Therefore, that makes you liable to the clients who rely on you to ship and deliver their items.

Following losses, specific cargo insurance can help those parties recoup their losses. In that way, it functions like liability insurance. Even if an accident was not your fault, the client may still expect you to compensate them. That’s where cargo insurance can help you avoid losses in your business capacity.

You often don’t have a requirement to carry this coverage. However, by doing so, you can improve your own financial security. Most policies will offer only certain limits for damaged cargo. However, by working with your insurance agent, you can better tailor these to the value of cargo in your care.

So, if you or your business need trucking liability coverage, don’t wait to get it. Contact one of our agents at 877-400-0500, and we’ll help you get coverage started.

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