California General Liability Insurance - Strong Tie Insurance Services

California General Liability Insurance

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Truckers general liability insurance

There are almost four million commercial truck drivers on the road today in the United States. Due to the high risk of a career on the road, having the right kind of motor truck insurance is critical. While every state requires some kind of coverage to be on the road, there are other kinds of insurance your company may need to explore. General liability insurance for truckers is a common option that you should consider.

What Does Truckers General Liability Insurance Cover?

General liability coverage is often referred to as business liability insurance. This kind of policy protects you from a variety of claims. Most typical quotes will include the following:

  • Bodily injury and property damage
  • Products completed operations
  • Delivery of products
  • Personal and advertising injury
  • Liability medical payments
  • Damage to premises that you rent

Personal or advertising injury that is not physical in nature or is the result of negligence on your end is covered by injury to a person.

Product operations provide coverage for damages that may happen during or when the delivery of products completed operations.

For liability medical payments, this covers physical injuries to people not on your premises but suffered injuries while inside your motor truck property.

What Kind of Coverage Does My Trucking Business Need?

With over a billion dollars of freight moving every day, truckers and the cargo they carry comes with all kinds of associated risks. Most trucking companies make sure they carry sufficient levels of insurance in these areas:

  • Auto/Truck
  • Auto/Truck Physical Damage
  • Cargo Coverage
  • Trucking General
  • Cyber
  • Professional

General Liability Insurance vs. Professional Liability Coverage

The main difference between general liability insurance and professional liability insurance deals with the types of risks they cover.

General trucking liability insurance deals with physical risks like damage to premises, medical payments, property damage, and completed operations. The latter deals with more abstract risks like errors & omissions in the services you provide, intellectual property, malpractice, and more.

How Much Does Truck Liability Insurance cost?

There are a variety of factors that go into generating a quote for your company’s trucking general liability insurance coverage. Insurance companies most often look at a few common elements of your business:

  • Your company’s years in business
  • Annual Revenue
  • The kind of insurance you want/need, including what level deductible you choose
  • Your company’s overall claims history

Since companies provide coverage at varying levels, there is no one-size-fits-all price. For example, most trucking companies will spend between $450 and $1000 for a million-dollar policy. Since this kind of policy is part of your costs of doing business, you can typically write-off this expense on your company’s taxes. Check with your tax professional to make sure.

What If My Company Doesn’t Carry Liability Truck Insurance?

While you aren’t breaking any laws or violating any rules by not carrying general motor truck insurance, you are putting your company at risk. If a client were to slip and fall at your facility, you may be on the hook for all bodily injury and medical payments.

Keep in mind that general liability only pays for damages to a third party, which is typically the person who has a claim against you. That means this kind of policy won’t cover damage to your trucks,