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The insurance requirements for commercial trailers differ by state. Any commercial trailers that your company can use on state roads must be registered and licensed in most states. You may need commercial trailer insurance to legally register your trailers. 

Commercial vehicle insurance for your business vehicles is required in all states. It covers your company’s liability if you or your company’s drivers cause an accident involving your commercial vehicle or truck. Your commercial vehicle coverage can be extended to your trailers as well.

Most vehicles that require commercial trailer insurance are:

  • Dump trailers

  • Concession trailers

  • Freight trailers

  • Logging trailers

  • Tank trailers

  • Oil field trailers

  • Refrigerated trailers

  • Extension trailers

  • Agricultural trailers 

  • Transfer trailers

Why are they important for your commercial vehicle?

Commercial trailer insurance plans have complete coverage for your commercial vehicles and now you can even get them done online. You can also update your insurance policy online until it expires on the web. A third-party commercial trailer insurance policy purchased online will protect you from third-party property harm, bodily injury, and death on the highways.

What does it cover?

Commercial trailer insurance is available at a variety of insurance companies. The following coverage is included in a comprehensive commercial trailer insurance policy purchased as it protects the other vehicle in the event of an accident with your insured commercial vehicle.

The third-party coverage of a commercial vehicle insurance policy online also includes coverage for third-party bodily harm or death. Well-thought policies protect commercial vehicles from natural hazards such as fire, lightning, and explosions, floods, and storms, as well as man-made perils such as strike, housebreaking, robbery, riot, burglary, and terrorist acts.

How much do they cost?

Commercial trailer insurance rates vary substantially from one insurance company to another. Your costs can vary from those of a one-person company with a dump trailer. If you have a commercial vehicle fleet and are adding coverage for one or more trailers then that influences the economics too. The cost of your commercial trailer will also be determined by whether or not you insure your cargo. 

Working with an independent agent who specializes in commercial trailer insurance can provide you with many competitive quotes to choose from. Your agent will be able to find the best coverage at the best price for you. You should be assured that you are protected and are not overpaying for insurance.

How can you save on commercial trailer costs?

There are many ways to reduce the expense of your insurance, and your independent agent will help you make the most of your insurance investment. Many insurance providers, for example, give discounts to commercial drivers over the age of 25, as well as those who have a valid driver’s license and a clean driving record.

You may be able to reduce the cost of your insurance even further by taking the following steps:

  • Employ only professional drivers with a reliable history of driving commercial vehicles.

  • Maintain an excellent driving record and ensure the same excellence to be followed by your drivers.

  • Make it necessary for the drivers to attend a safe driving course and motivate them to stay updated on traffic rules.

  • Write an adequate safety policy that all drivers must follow.

  • Comply with every safety check and audits proactively.

Now, that you know about the insurance required for commercial insurance, do not delay in purchasing one. Get quality advice about your insurance from Kelly Insurance that specializes in such insurance policies. They will be able to help you get the right trailer coverage at a price you can afford. One wise step today can assure your future!

Get in touch with us today!

 

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