What is Commercial Trucking Insurance?
Running a trucking company can be a profitable endeavor, but this type of business requires a sizeable capital investment and comes with substantial risk. From accidents to vandalism, companies need to protect themselves against liability, property and other potential perils. Commercial trucking insurance helps Massachusetts trucking companies shield themselves from a range of covered risks that they face.
Commercial trucking insurance is a specialized form of commercial vehicle insurance that’s designed to meet the needs of trucking companies. The policies take into account the miles that companies’ drivers cover and the equipment that companies operate, and they generally offer many coverages and high available limits so they can provide robust protection.
What Businesses in Massachusetts is Commercial Truck Insurance Right For?
The majority of trucking companies in Massachusetts need commercial truck insurance, for insurance is generally required by state law whenever vehicles are driven on public roads. While there are other auto policies that might meet the state’s minimum coverage requirements, commercial truck policies tend to be the most suitable for trucking companies.
Moreover, commercial truck policies can be adapted to meet the needs of many different trucking companies in the state. Some specific companies that may want this type of policy are:
- Freight transporters that operate semis or box trucks
- Waste removal businesses that operate garbage and recycling trucks
- Moving companies that operate semis or box trucks
- Delivery companies that operate box trucks or commercial vans
- Contractors that operate box trucks, pickups or commercial vans
Any other business that operates one or more commercially licensed trucks might also need a commercial truck insurance policy.