What is Commercial Truck Insurance?

Commercial truck insurance, sometimes known as business truck insurance, consists of any policy that protects a truck used primarily for commercial or business purposes. In South Florida and Miami, the most obvious examples would be semi-tractor trailer rigs and delivery trucks, but even pickup trucks can be commercial vehicles if they are owned by a business and are used to transport goods.

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Most personal auto insurance policies specifically exclude coverage for any vehicle that's used for commercial purposes. Commercial truck insurance policies may have more flexibility built into them. Insurers realize the necessity of some business trucks being driven for limited personal use. This type of insurance is called Non-Trucking Liability Insurance and protect the driver and the truck when the vehicle is being driven for personal reasons.

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More Business Truck Insurance Points to Consider

Commercial truck insurance coverage is mandatory in South Florida, but selecting the right policy for you and your commercial vehicle can be a confusing process. In addition to Non-Trucking Liability insurance, there are many other types of insurance which may be grouped together under these policies, such as:

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• Primary Liability Insurance covers the damages to other persons or property from an accident if you are at fault. This is the mandated level of insurance for any commercial vehicle.

• Uninsured Motorist Insurance protects you if you are involved in an accident with another driver who is not insured or is underinsured.

• Physical Damage coverage provides protection against the theft of your truck in addition to damages which result from an accident.

• Motor Truck Cargo Insurance provides coverage for cargo damages during transit.

• Medical Payments Insurance covers the cost of medical bills if you or a family member are injured while driving or riding in the truck. This type of insurance is also recommended if you have employees who also drive or ride in your truck.

• Bobtail Insurance differs from Non-Trucking Liability coverage. A good commercial truck insurance broker can explain the details, but in general this kind of insurance covers you against property damage or injuries caused when your trailer is detached from your truck.
   

It's important to consult with a reputable commercial truck insurance broker about your specific commercial truck insurance needs. The experienced and friendly agents at American Insurance Brokers can help you source a good business truck insurance policy for your company. All of our Miami offices have agents standing by, ready to assist you in finding the right insurance at the right price. We can obtain customized policies to insure Tractor Trailers, Straight Trucks, Pickup Trucks, and the cargoes they carry.

 

Your commercial truck is your livelihood and it can vanish in an instant, regardless of whether the accident was your fault. Let us help you find an insurance policy that's going to protect you and your livelihood for the rest of your working life. Stop by one of our South Florida or Miami offices today to talk over your insurance needs with an AIB commercial truck insurance broker.