Truckers General Liability Coverage
What Is It?
General liability insurance covers common business risks like customer injury, customer property damage, and advertising injury. It protects your small business from the high costs of lawsuits and helps you qualify for leases and contracts.
Who's It For?
Truckers General Liability coverage is a must for For hire truckers or motor carriers.
What Is Offered?
- Medical Expenses
- Attorney’s Fee
- Personal & Advertising Injury
- Damage to Premises Rented to You:
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Truckers General Liability in Minnesota
What is Truckers General Liability Coverage?
If you’re a trucker in Minnesota, you know how important it is to have the right truck insurance. One of the most important types of coverage you should consider is Truckers General Liability coverage. It’s essential to understand what this type of coverage entails and how it will benefit you as a trucker in Minnesota.
Who Needs Truckers General Liability Coverage?
For those operating a for-hire truck or motor carrier, having Motor Truck General Liability insurance is a must. This insurance could cover incidents such as a customer slipping and falling on your property, the wrong delivery of products, a driver’s actions when working on someone else’s property, as well as libel and slander exposures and rental property fire caused by error. In addition, you should think about investing in Motor Truck Cargo insurance to safeguard the load that you’re transporting, from fire, theft, or collision.
What are the Trucker General Liability Coverages
When you invest in Commercial General Liability insurance for truck drivers, you get an extensive array of coverages. Here are some of the standard inclusions you can expect to find in all such policies:
Bodily Injury: If a third-party gets injured on your premises or as a result of your operations, this coverage provides financial assistance. That includes scenarios such as drivers having a meltdown at a truck stop, customers slipping on ice or any other spill on your property.
Property Damage: A truck driver may, during their career, cause damage to another’s property – a mailbox, for example. That’s where this coverage comes in, providing a solution to this sort of event.
Medical Payments: The General Liability policy also provides medical payments to go along with the bodily injury coverage.
Personal and Advertising Injury: Covers instances such as libel, slander, or defamation – events that often happen unintentionally. That could be anything from a conversation or a post on social media that results in a lawsuit.
Damage to Premises Rented to You: In the case of a fire, this coverage helps you to replace the premises rented out for your business. Many landlords will include it as part of the lease.
Unfortunately, though, if something such as a fire, collision, or theft results in a loss of cargo, it won’t be covered by the General Liability. For that, you’d need to invest in Motor Truck Cargo insurance.
Also, given the huge potential amounts involved in lawsuits, it may be worth considering investing in Umbrella insurance for truck drivers. This can give you additional liability coverage, providing extra peace of mind over and above what’s offered in your General Liability or Commercial Auto policies.
What are the Limits on a Truckers General Liability Policy?
When assessing the risk of your trucking business, it’s important to be aware of the typical insurance policy limits. Most General Liability policies come with a limit of $1,000,000 per occurrence and $2,000,000 in aggregate. The standard Commercial Auto policy provides a combined limit of $1,000,000 for both bodily injury and property damage related to accidents.
Your policy limits may need to be adjusted according to the type of goods you are transporting; for example, someone hauling hazardous materials may require higher coverage amounts, while someone transporting paper products might opt for lower limits. For added protection, you can purchase an Umbrella insurance policy.
Where Can I Find a Truckers General Liability Policy?
Coast Transport Insurance Service is proud to have 50+ years of expertise in truck insurance. Our dedicated staff has a wealth of knowledge on the industry’s special needs. Reach out to us if you require general liability insurance and our team will assist you in obtaining the appropriate coverage for your business.