Definition: Trucking Commercial Insurance refers to a type of business insurance that covers businesses who transport goods through trucking companies, such as general transportation or bulk shipping companies. The purpose of this insurance is to protect a business from legal liabilities related to damage to property or personal injuries sustained by its employees while working on the road. The definition of 'trucking commercial insurance' can be broken down into three main categories: 1. General Coverage: This type of insurance covers general transportation costs and expenses, such as fuel, tolls, and maintenance fees, for a trucking company's operations. It does not cover specific products or goods that the business is transporting. 2. Cargo Coverages: This coverage protects the cargo being transported by providing coverage for damage to the cargo itself caused by the negligence of the transport company, including cargo theft, damage from natural disasters like earthquakes or hurricanes, and acts of terrorism. The insurance covers losses resulting from these events. 3. Liability Coverage: This type of insurance provides coverage for potential liability claims related to accidents that may occur on a trucking company's routes. It also protects against any additional liabilities the business might face if its employees are injured while working on the road. It is important to note that each insurance policy may have specific limits and exclusions, so it is advisable to read the fine print and consult with an insurance agent or broker who can provide detailed coverage information tailored to your specific needs.
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