General Liability Insurance
General Liability Insurance is where a commercial trucking insurance policy starts. This is the most basic type of coverage for motor carriers and fleets.
General Liability Insurance reflects the minimum amount of coverage needed by trucking companies. This type of policy is often mandated by Federal law for operating your type of company in the USA.
Proof of financial responsibility is required to be presented in the case of an accident or damage to other people and their property. General Liability Insurance is a protection for the public. Having this policy is proof that you are equipped to handle the risks of operating a commercial trucking company.
What does General Liability Insurance cover?
The purpose of General Liability Insurance is to cover damages to the general public and protects trucking companies from liability that may occur due to normal, daily operations. General Liability Insurance will not cover all public damage caused or partially caused, but, in most cases, it will protect your business in the event of litigation. We will discuss with you the amount of coverage you need and set that up when drafting the policy. This policy is a must for commercial trucking companies in today’s society.
Other motor carrier insurance policies are available to bridge the gap between paying for damage done to the public and damage done to your vehicle or additional equipment. Trailer Insurance, Comprehensive Insurance, and Collision Insurance are all fundamental policies for commercial trucking companies.
Additionally, motor carriers and fleet companies may want to seriously consider Occupational Accident Insurance or Worker’s Compensation Insurance to protect the employees of the company.
What is the difference between General Liability Insurance and Primary Liability Insurance?
Although sometimes used interchangeably, Primary Liability Insurance is different. Primary Liability covers damage done by your truck or vehicle. General Liability Insurance protects your business from litigation arising from various other circumstances in the course of day-to-day operation. We at TIA can write both kinds of commercial truck insurance when helping you design the right kind of coverage your company needs.
Talk to one of our agents today for more information on General Liability Insurance and receive free commercial insurance for trucks quotes!
General Liability Insurance FAQs
Q: What is the difference between General Liability and Primary Liability Insurance?
A: Primary Liability covers damage done to other people or property resulting from use of your truck.
General Liability protects your business from lawsuit and litigation resulting from damages caused by your business’ day-to-day operations.
Q: Does General Liability Insurance cover my losses?
A: No, this policy is for liability only. It is intended to protect other people and property. With this policy your trucking business is protected from: people injuring themselves on your property or equipment, actions of drivers while representing your company on the premises of others, loading docks, truck stops, etc.
Q: Can you give an example of a General Liability Insurance claim?
A: You deliver a load of colored pellets to a company and put them in the wrong bin. When the bin is run through a machine, the wrong color pellets destroy the line of product. General Liability Insurance covers you in this situation.