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Long haul trucking is a vital part of the economy, transporting goods across the country. However, with this type of job comes inherent risks. Accidents on the road, theft, and damage to cargo can all happen, which is why it’s important for trucking companies to have insurance coverage. In this article, we’ll take a look at long haul trucking insurance carriers and what you need to know about them.
What is Long Haul Trucking Insurance?
Long haul trucking insurance is a type of commercial auto insurance that is designed specifically for trucking companies that transport goods over long distances. This type of insurance provides coverage for a range of risks, including accidents, theft, and damage to cargo. It’s important for trucking companies to have this type of insurance to protect their assets and ensure that they can continue operating in the event of an accident or other incident.
Types of Long Haul Trucking Insurance Coverage
There are several types of coverage that long haul trucking insurance carriers offer. The most common include:
- Liability insurance – This type of insurance provides coverage for damage or injuries that you may cause to other people or property while operating your truck.
- Cargo insurance – This type of insurance provides coverage for damage or theft of the cargo that you are transporting.
- Physical damage insurance – This type of insurance provides coverage for damage to your truck and trailer.
- Bobtail insurance – This type of insurance provides coverage for your truck when it’s not hauling a trailer.
- Non-trucking liability insurance – This type of insurance provides coverage for your truck when you’re not using it for work purposes.
Factors to Consider When Choosing a Long Haul Trucking Insurance Carrier
When choosing a long haul trucking insurance carrier, there are several factors that you should consider:
- Coverage options – Make sure that the insurance carrier offers the types of coverage that you need for your business.
- Coverage limits – Make sure that the coverage limits are sufficient to cover any potential losses.
- Premiums – Compare premiums from different carriers to make sure that you’re getting a competitive rate.
- Deductibles – Make sure that the deductibles are reasonable and won’t put your business at risk.
- Financial strength – Choose an insurance carrier with a strong financial rating to ensure that they can pay out claims when needed.
- Claims process – Look for an insurance carrier with a simple and efficient claims process to minimize downtime for your business.
Top Long Haul Trucking Insurance Carriers
There are several long haul trucking insurance carriers to choose from. Some of the top carriers include:
- Progressive Commercial – Offers a range of coverage options and discounts for safe driving.
- Nationwide – Offers customizable coverage options and 24/7 claims service.
- Geico Commercial – Offers competitive rates and a user-friendly online platform.
- Travelers – Offers coverage for a range of risks, including liability, cargo, and physical damage.
- AIG – Offers coverage for small and large trucking companies, with a focus on risk management and loss control.
Conclusion
Long haul trucking insurance is a critical part of protecting your business and ensuring that you can continue to operate in the event of an accident or other incident. When choosing an insurance carrier, make sure to consider factors such as coverage options, premiums, deductibles, and financial strength. With the right insurance coverage, you can have peace of mind knowing that your business is protected.