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As the name implies, commercial truck insurance is designed for business vehicles. The owner or operator's belongings are not to be kept safe. The following are examples of coverages often excluded from commercial auto insurance:

Deliberate Harm

Truck insurance will not pay for any damages or injuries caused intentionally to oneself or others. Take the scenario where you must transport goods from California to Ohio on behalf of your customers. Your customer delays payment even after you've arrived at your final destination. You lose your cool and wreck their goods. Your claim will be rejected if you submit it.

Racing

Highway races are dangerous and should be avoided. Your insurance company will deny coverage if you cause an accident by colliding with an oncoming car.

Natural Catastrophes

Your standard commercial truck insurance policy will not cover damage to your fleet or cargo caused by natural disasters like floods or earthquakes.

Where Does Business Truck Insurance Fall Short?

Commercial vehicle insurance policies have limitations. The following situations may call for further endorsements:

  • the collision between a minitruck and a truck
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  • Cement trucks, limos, hearses, buses, passenger vans, and ice cream trucks are all examples of commercial vehicles not covered by commercial truck insurance.
  • The primary function of liability insurance is to safeguard third parties from financial loss in the event of an accident (by covering their repairs or medical costs, for example). Workers' compensation insurance coverage is necessary to cover medical expenses and lost wages for injured employees.
  • If your trucks are damaged, remember that general liability insurance only pays for repairs to other people's property. You must get physical damage coverage if you want to insure your own vehicles. Personal property insurance is not needed by law but is nevertheless a good idea.
  • It would help if you had specific insurance to cover the expense of replacing perishable goods in the event of a breakdown of your refrigerated truck (reefer) or a cooling component.
  • Truck drivers often move goods with a much higher value than the minimum $5,000 required by law, so they may wish to get supplementary cargo loss insurance.
  • Your insurance company won't pay for missed wages if your car is damaged in an accident, and it takes some time to get your business back up and running. Business interruption insurance and business income insurance can help fill up the gaps.

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