Owning a big rig can bring you great profits. Shipping industry in the US relies on semi-trucks and there is always work for them. But owning a vehicle like this also means taking care of the safety and risk management. Crashes involving big rigs are some of the most dangerous and result in heavily damage, injuries and often even death. Being responsible for a semi-truck accident can get too expensive for your budget. That is the reason it is so important to have the right big rig insurance. Without proper coverage your trucking business is never financially secure.
Big rig, just like any other commercial vehicle, must have liability insurance in order to be operated legally. This coverage pays to other people when you are responsible for the crash. There are two parts in the coverage: bodily injury and property damage. Bodily injury will pay for the medical bills and other expenses associated with victims’ injuries. Property damage will pay for the damage your big rig has done to other people’s property. This coverage is important not only because it’s required by law. Semi-trucks are heavy vehicles that can do a lot of damage. Paying for it out of your own pocket can be destructive for your business.
For your big rig you will also need Physical Damage Coverage. If your truck is involved in a collision, the damage will be covered by collision insurance no matter who is at fault. If the damage is done to your truck not in a collision, comprehensive insurance will take care of it.
Also, you might need cargo insurance. For instance, if you do car transport, this coverage is essential for you.
There are other types of big rig insurance that might be useful for you, such as cargo insurance or bobtail insurance. To learn more, call our professional agents at SafeLine Truck Insurance. We are looking forward to helping you with California Big Rig Insurance!