When you establish a business with a commercial truck fleet, one of the most important things you need to consider is your commercial truck insurance. For those who are new to the industry and this type of insurance coverage, it's important that you do your research first so that you understand what you're looking for. Here's a look at some of the things that you need to know as you start to shop for your truck insurance policy.
Your Employees Are a Factor
One of the things many business owners don't think of right away is the fact that your employees will be a factor when you purchase commercial truck insurance. Your insurance policy will be rated based upon the driving history and risk level of those drivers. Make sure that you take the time to talk with each of your drivers about their driving records so that you can be sure you won't face any surprises when the insurance company runs their driving history for premium rating purposes.
If you have anyone on staff with accidents, a DUI, or any other traffic violation, you may find that you need to replace them in order to ensure that your insurance costs are reasonable and fair. Additionally, it ensures that you don't risk unnecessary safety issues on the road.
Your Loads Should Be Protected
Another thing you need to consider is coverage for your cargo. When you purchase commercial truck insurance, you should have the option to add a coverage line for your company's cargo. You'll have to provide the insurance company with details about the types of cargo you haul and the maximum value of your loads so that you can get the proper coverage.
If anything changes in the types of loads you haul, or their value, you need to make sure you notify your commercial truck insurance company. This ensures that your coverage remains valid and sufficient for your company's cargo.
Your Trucks Should Be Covered at All Times
As you explore your insurance options, another thing you need to look for is coverage that protects your trucks and your drivers while they are not under load. Many times, commercial truck policies have different coverage lines for trucks while they are hauling versus when they are bobtailing or deadheading somewhere. Make sure that your policy will cover your fleet no matter what they may or may not be transporting.
These are a few of the most important factors to consider when you shop for commercial truck insurance for the first time. Contact insurance providers to learn more.