Auto liability truck insurance is a type of insurance that protects trucking companies and their drivers from financial losses in the event of an accident. The insurance covers bodily injury and property damage claims that are filed against the trucking company or its driver.
Auto liability truckers insurance is required in most states. The minimum coverage required by most shippers is $1 million. Trucking companies that operate in multiple states may need to purchase insurance that meets the requirements of all of the states in which they operate.
There are two main types of auto liability truckers insurance:
- Bodily injury liability insurance covers the cost of medical expenses, lost wages, pain and suffering, and other damages that are caused by a trucking accident.
- Property damage liability insurance covers the cost of repairing or replacing property that is damaged in a trucking accident.
Trucking companies can purchase auto liability truck insurance from a variety of insurance companies. When choosing an insurance company, it is important to compare rates and coverage options. It is also important to make sure that the insurance company is financially stable.
Auto liability truck insurance is an important part of protecting a trucking company from financial losses. By purchasing insurance, trucking companies can help to ensure that they will be able to pay for any claims that are filed against them in the event of an accident.
Here are some of the benefits of auto liability truckers insurance:
- Protects your business from financial losses
- Gives you peace of mind knowing that you are covered in the event of an accident
- Meets state and federal requirements
- Can be customized to fit your business needs
If you are a trucking company, it is important to purchase auto liability truck insurance. This will help to protect your business from financial losses in the event of an accident.