Understanding Liability Coverage for Trucking Businesses

Trucking businesses face significant risks on the road, including accidents that can result in substantial financial claims.

Liability coverage may help mitigate these risks by providing financial protection against certain legal settlements and damages.

For trucking businesses, liability coverage primarily focuses on protecting against damages and injuries caused by the operation of commercial vehicles.

Insurance agents typically recommend the following coverage:

• Bodily injury liability may help cover medical expenses, lost wages and legal fees associated with injuries sustained by third parties in an accident for which your truck is at fault. It may help provide financial protection against claims filed by individuals who are injured due to your truck driver’s actions.

• Property damage liability may help cover costs associated with damage to other vehicles, structures or property caused by your truck, including repair or replacement costs for the damaged property.

• Cargo liability may help cover loss or damage to the cargo being transported by your truck. It may help protect against claims from shippers for damaged, lost or stolen goods during transit.

• Nontrucking liability may help cover incidents that occur when the truck is not being used for business purposes. This includes accidents that happen during personal errands or noncommercial driving.

Federal and state regulations for trucking companies often require liability insurance. Failing to maintain adequate coverage can lead to legal penalties, fines and the suspension of your operating license.

How to Get Appropriate Liability Insurance for Your Trucking Company

Liability coverage is a cornerstone of risk management for trucking businesses. It can help provide essential protection against the financial impacts of accidents, including third-party property damage and injuries that occur during your trucking operations.

Contact Illinois Insurance Family in Chicago, Illinois, to understand your trucking liability insurance coverage options and compare quotes from reputable insurers.

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.