With the rising costs of trucking, being covered for accidents that occur can help you stay in business. In addition to investing in auto liability coverage, trucking companies need to pay attention to other risks that their business can face. This is where general liability insurance comes in.
General liability insurance coverage in trucking covers business risks related to physical injuries faced by customers, advertising injury, and defamation. It doesn’t cover damage done to your trucks or employee injuries, but it is still an important policy to invest in in the event of a worst-case scenario.
Like all other businesses, trucking businesses that have a warehouse or physical office still face certain risks. Instead of having to pay for these costs out of pocket, general liability insurance typically covers these third-party scenarios:
At the end of the day, a general liability insurance plan provides plenty of coverage for certain situations that can financially impact your trucking company. For small businesses, having to pay for legal and medical fees can be extremely costly.
However, like any other type of insurance plan, it has its limitations as well. This is where other forms of insurance such as cargo insurance, bobtail insurance, and non-trucking liability are also beneficial. As a result, purchasing general liability insurance in a bundle with other trucking insurance options can help save your business money in the long run.
Read on to learn more about the importance of non-trucking liability insurance at Assured Standard!