Know How Commercial Insurance Works

1. quotemyrig.com

2. Whether you are using heavy goods vehicles, horseboxes or forklifts for your business, it is important to protect your business vehicles with a proper insurance coverage. Insuring your commercial trucks is a smart way to protect your company in case of accident. quotemyrig.com

3. Basic Coverage Basic coverage comprises of both collision damage and a comprehensive insurance. Collision damage coverage covers the costs of the other vehicle from an accident in which you were at fault, as well as the damage to your vehicles. But, a comprehensive insurance covers the cost of repairs to your vehicles, up to a maximum value, that's caused by something other than a collision. quotemyrig.com

4. Specialized Coverage Options Many companies offering commercial trucking insurance also provides a specialized coverage feature which allows coverage for bodily injuries and damage to the property of others. Non-trucking Coverage This type of coverage option is not directly related to the transportation of cargo but includes bobtail insurance, non-trucking liability coverage, occupational accident coverage and coverage for personal items in the truck. quotemyrig.com

5. Premiums on Insurance If you are buying insurance from the truck dealer directly, premiums on such insurance can be paid monthly in advance or it can be combined with the truck payments. But, it turns out to be expensive than buying directly from an insurance company. In case, if you want to cancel your insurance at any time, you can do it and this will not affect your credit score. quotemyrig.com

6. Deductibles Deductibles generally vary from $500 to $2,000, and this is purely based on the experience and accident records of the driver. For companies with experienced, accident-free drivers, a higher deductible and lower monthly premium is a safe option. quotemyrig.com

7. Do you need additional truck insurance for your business? Visit quotemyrig.com Call: 800-806-7204 E-mail: support@quotemyrig.com