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What Does Commercial Truck Liability Insurance Cover?

What Does Commercial Truck Liability Insurance Cover?

Trucking insurance offers a broad range of coverages that greatly benefits trucking service providers. These policies play a paramount role in any business continuity plan. Now, while the policy’s extensive coverage yields several advantages, newbies might find the complex jargon and terminologies confusing. How do you start understanding such a comprehensive program?

Commercial truck liability insurance is an all-encompassing policy that provides liability protection against bodily injuries, physical damage, and property damage. Standard policies focus on third-party claims. However, you can also top-up your policy to cover first-party injuries and damage sustained from covered accidents.

Are you worried about what might happen if you default on truck insurance payments? You don’t have to make a wild guess—Assured Standard can help. Check out our detailed explanation of what happens if you stop paying premiums midway through your policy.

Types of Liability Protection the Commercial Truck Insurance Provides

Bodily Injury Liability

If a third party sustains physical injuries from a covered incident, body injury liability can help settle the medical and legal fees associated with the claim. An extensive policy with high coverage limits may have sufficient funds to cover the entire treatment and recovery process.

Physical Damage Coverage

Physical damage coverage provides compensation for first-party damages that stem from covered accidents, perils, and incidents.

Property Damage Liability

You can rely on property damage liability protection to shoulder third-party claims on damages resulting from covered accidents and mishaps.

Note that this guide simply serves as a starting point on understanding commercial truck insurance. For more information about how these policies would benefit your business, consult a reputable insurer. Have their agent assess your insurability so that they can draft a unique plan customized to your individual insurance needs.

Frequently Asked Questions:

What does commercial truck liability insurance cover?

It provides liability protection against bodily injuries, physical damage, and property damage, typically focused on third-party claims.

What does bodily injury liability cover in truck insurance?

It helps settle medical and legal fees associated with third-party physical injuries from a covered incident.

What is physical damage coverage in commercial truck insurance?

It compensates for first-party damages that occur from covered accidents, perils, and incidents.

What does property damage liability cover in truck insurance?

It covers third-party claims on damages resulting from covered accidents and mishaps.

Can I customize my commercial truck liability insurance?

Yes, insurers can assess your insurability to create a plan tailored to your specific insurance needs.

Do you want a more detailed explanation of commercial truck insurance? Assured Standard has you covered. Check out our free insurance resources for everything you need to know about protecting your business with commercial truck insurance policies.

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Assured Standard will protect your business with the right insurance, depending on your needs. Now more than ever, it’s crucial to have the right general liability insurance experts on your side. Protecting the future of your business starts today.
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