How Truckers Can Save Money With General Liability Trucking Insurance 

Identifying the optimal insurance coverage is crucial for truck drivers and trucking companies. General liability insurance for trucking can be an ideal starting point. Understanding the nuances of this insurance will enable you to select the policy that aligns best with your business needs.

The Importance of General Liability Insurance for Trucking

General liability insurance is a core policy in the trucking industry. Contractual agreements for regular operations often require this coverage. This insurance may help protect against common business risks such as property damage and personal injuries. The amount of general liability coverage you need depends on your situation.

In many circumstances, general liability insurance is your first line of defense against financial liabilities for damages and legal expenses.

General liability insurance can cover repair costs, damages and even legal expenses if litigation ensues. It may help cover accidents involving heavy cargo damaging client property to incidents of customers injuring themselves on your premises.

Strategies for Saving on General Liability Insurance

While a robust general liability policy is advisable for most trucking operations, securing extensive coverage can be expensive. A business owner’s policy (BOP) can help mitigate costs by combining core coverages at a discounted rate.

A BOP might be an option if any of the following is true about your business:

• Operates from a property with fewer than 100 square feet, excluding home-based operations
• Generates annual revenues below $1 million
• Avoids high-risk contracts, such as transporting sensitive or hazardous materials
• Has a workforce of fewer than 100 employees

Not every trucking company qualifies to purchase a BOP. Your agent can help determine whether this option is viable for your organization. Even if a BOP isn’t suitable for your business, seeking opportunities to bundle different types of insurance with the same provider can yield financial benefits.

Additional Insurance Considerations

Your agent may recommend considering the following additional trucking insurance coverage:

• Commercial auto insurance is required in most states and is essential for safeguarding your trucks against accidents, damage and theft.
• Cargo insurance may help cover the loss or damage of cargo in transit, with specific policies available for different types of cargo, including refrigerated goods.
• Workers’ compensation insurance may be required, depending on state laws. This coverage may help pay medical expenses, rehabilitation costs and partial wage replacement if your employee is injured or becomes ill in a work-related incident.

Selecting the right insurance depends on the specifics of your operations. While some policies may not be mandatory, they could be beneficial based on your business activities.

Contact Us

Contact Blackburn Insurance Agency, Inc. in Grand Prairie, Texas, to learn more about your insurance options and get a general liability trucking insurance quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.