Insurance for commercial trucking may seem complicated, with different options to insure vehicles, cargo and employees. To avoid getting overwhelmed by the details, make sure youre clear on exactly what is covered by different types of insurance. Trucking Liability insurance in Texas, for example, covers some very specific things depending on the type of liability insurance it is. In general, liability insurance protects you from paying out-of-pocket for damages caused to others. However, theres more than one type of liability insurance.
Non-Trucking Liability Insurance
Not every minute you spend in a commercial truck is billable time. When a truck is being driven for non-business purposes and theres an accident, non-trucking liability insurance covers personal injuries and property damage to the other party.
General Liability Insurance
This type of liability insurance pays for personal injuries or property damage that occurs in the course of doing business, but not as a direct result of driving a truck. This might include someone slipping on your property, or a fire on property you rent due to your negligence.
Pollution Liability Insurance
There’s a lot of cargo that needs to be shipped that may have a negative impact on the environment. If there’s a major accident involving chemical spills, oil spills, or other types of pollutants, pollution liability insurance pays for clean-up.
When purchasing trucking liability insurance in Texas, make sure you know what you’re getting. Talk to your insurance provider about creating a personalized insurance program for your company that includes the liability insurance you need.