Trucks are essential for businesses in California, as they are used to transport goods and materials across the state. However, operating a commercial truck also carries with it a number of risks, from accidents to theft. That's why it's important for truck owners in California to make sure they have the right insurance coverage for their business. Here is a bit of information about the types of coverage you should discuss with your insurance agent.
Standard Coverages
California commercial truck insurance is designed to protect truck owners from financial losses resulting from accidents and other incidents. This type of insurance typically includes coverage for liability, property damage, medical expenses, and cargo. Liability coverage pays for damages caused by the truck to other people or property, while property damage coverage pays for repairs to the truck itself. Medical expenses coverage pays for medical costs related to injuries sustained by the truck driver or passengers, while cargo coverage pays for damages to cargo transported by the truck.
Coverage for Different Risks
In addition to these standard coverages, California commercial truck insurance can also include optional coverage for certain types of risks. These include towing and labor costs, uninsured motorist coverage, cargo theft coverage, and roadside assistance coverage.
Minimum Coverage
Truck owners should also be aware that there are minimum coverage requirements for commercial trucks in California. These include bodily injury liability coverage of at least $15,000 per person and $30,000 per accident, property damage liability coverage of at least $5,000 per accident, and uninsured motorist coverage of at least $15,000 per person and $30,000 per accident.
Amount of Coverage
Of course, you may choose to purchase coverage for higher amounts than the state requirements. Consider the amount of driving that will be done and how much an accident may actually cost. Anything that is not covered by your insurance will come out of your own pocket. A large commercial vehicle can do a lot of damage and will also cost a lot to repair if damaged. It's also important to note that the amount of coverage you need depends on the type of truck you own and the type of business you run. For example, if you operate a fleet of long-haul trucks, you may need more coverage than someone who just operates a single truck.
Having the right California commercial truck insurance can help protect your business from financial losses due to accidents, theft, and other incidents. It's important to make sure you have the coverage you need to keep your business running smoothly and protect your bottom line. For more information on California commercial truck insurance, contact a company near you.
