The commercial transport industry is vital to the economic health of the country. But it is a challenging industry, where equipment and vehicle costs are high, and competent drivers can sometimes be difficult to find. Adding to this pressure, ongoing shifts in the use of autonomous vehicles, along with related technological advancements, are rapidly shifting the face of the industry.
Given the wide variety of high costs, and diversity of business types, the importance of carrying commercial transportation insurance cannot be overstated. If you operate a commercial transport business, you will be well-served by determining potential liabilities and crafting a policy of comprehensive protection.
What Does Commercial Transportation Insurance Cover?
Commercial transport is a varied and diverse industry. It ranges from long-haul trucking, to sand and gravel trucks, to flatbed haulers, to propane and oil refillers — all the way to courtesy shuttles, sightseeing buses, and much more. In short, the insurance you seek will depend where in the industry your business falls.
Fortunately, a reputable insurer will be able to work with your business to craft an appropriate policy, which may include general liability, commercial and public auto liability, physical damage, and any and all other considerations applicable to your industry.
If you operate a commercial transport business, the value of carrying well-tailored commercial transportation insurance is incalculable.