Starting a business is a dream that resonates with millions of Americans. Whatever business you consider, there are numerous risks involved and insurance coverage should cover such risks. Insurance coverage is a must-have for any American looking to venture into the transport industry. Semi-Truck Insurance is suitable for business owners with commercial trucks and drivers of such trucks. Here is what you need to know about the policy.
Why Do You Need It?
For the transport sector, the risk of accidents, injuries, theft, property damage, and subsequent lawsuits are some of the unlimited risk factors. With the semi-truck insurance policy, you can have all these risks taken care of. The policy provides coverage for garbage trucks, box trucks, car haulers, semi-trucks, dump trucks as well as tow trucks.
With the semi-truck insurance, your business will not stall when accidents occur. The coverage options available take care of any damages and help you repair your trucks. The chances of incurring any losses from the accidents are reduced tremendously. Financial crises can also be avoided with the right semi-truck insurance cover. The repair costs for most trucks are hardly pocket-friendly and having to take care of such costs on your own may eat up into your savings. A suitable insurance policy can keep your savings intact.
Coverage Options
There are a good number of semi-truck coverage options which are designed to take care of trucking fleets and operators/owners of fleets. Liability Insurance and Motor Truck Cargo are the bare-minimum coverage in Texas. Any other coverage depends on the dynamics of your business and what you would like to cover. The insurance options include:
Auto Liability Insurance
This insurance option is reserved for anything that happens to third parties. When your truck causes an accident, the bodily injuries and damage to third parties are comprehensively covered.Motor Truck Cargo Insurance
The policy is designed to cover freight or commodity in your possession due to loss or damage due to fire, collision, or reefer-breakdown.Physical Damage Coverage
This policy is a basic requirement for every truck driver. As its names suggests, it covers any damage on your truck. The damage is not only limited to collisions. Vandalism and natural disasters may force you to repair your truck. With this policy, all the repair costs will be covered. Owner operators without the physical damage coverage are bound to experience great losses when unfortunate events occur.Non-Trucking Liability Insurance
The insurance policy is designed for situations when your truck has no cargo. It comes in handy especially when you are getting back to base after delivering a client’s load. The policy does not, however, cover damage caused when you use the truck for personal purposes.Trailer Interchange
A Trailer Interchange agreement is a contract that arranges transfer from one truck to another in order to complete a shipment. Trailer Interchange provides physical damage insurance for trailers being pulled under a trailer interchange agreement. It protects trailer damage due to collision, fire, theft, explosion, and vandalism.
General Liability
Insurance
The policy goes beyond what happens as you handle your truck. It is designed to provide cover for unforeseen events in the office. Although it is not mandatory for you to go about your business, some contractors ask for it before engaging truck owners.
The Workers’ Compensation and the uninsured/underinsured coverage are the additional semi-truck insurance options you can consider depending on the needs of your business. Aside from your business needs, find out how much you are willing to pay on your own when accidents occur and include that as deductibles on the insurance policy of your choice. Work with your insurance provider to ensure that you are not underinsured or paying for more than what you require.
Why BTP Insurance?
Businesses that are uninsured or underinsured tread on dangerous grounds and can easily go under when they encounter unforeseen circumstances. BTP Insurance takes an extensive look at your business and provides everything that you need. As a result, all the risk factors of your business are adequately taken care of. When your trucks get involved in accidents, you will not use your resources to pay for damages or injuries incurred. Your savings also remain intact, and you can get back to business in no time.
Some entrepreneurs have a hard time reviving their business operations when accidents occur. Underinsurance is the largest contributor to ventures that fail in this way. BTP Insurance makes sure that none of their clients falls into this category. Their vast experience in the industry and the dedication of their staff enable them to maintain such standards. The result is a sustainable business that is focused on maximizing profits.
Their highly knowledgeable team will walk with you through every aspect of the business and provide customized solutions to meet your every need. They also anticipate the growth of your business and are flexible enough to respond to the evolving aspects of the business. A host of permits and licenses become a requirement as you expand. BTP Insurance helps you get these documents in good time and ensures that you hardly get into trouble with the authorities.
Their insurance options also take care of your employees as well as anyone else that is affected when your truck is involved in an accident. The Workers’ Compensation takes care of the latter while the Business Owner’s policy handles every other aspect of your business. They will also help you understand the numerous other coverage options available so that you can make an informed decision. Once you join hands with the team, you can enjoy their impressive services for years on end.
Apart from their unparalleled success in the insurance front, BTP Insurance has also made a name in the transport industry. The many years spent in the industry has enabled them to understand the nitty-gritty of cargo transportation in America. Clients are advised on potential steps that could make a difference for their business. Transportation of people and products is on the rise resulting in the introduction of more rules and regulations to streamline operations. An insurance partner that remains abreast with the dynamic nature of the transport industry guarantees success for your business. BTP Insurance is one such partner, and your business is bound to enjoy these benefits.Read More
The customer service is top-notch as all your concerns are handled in a timely and friendly manner. Their approachable staff members make it possible for clients to give feedback without fear. They in turn work on the feedback to maximize customer satisfaction. It is no wonder that their client base continues to increase and you can be part of the growing clientele. Their good reputation precedes them and the team has every intention of keeping it as such.
Are you having a hard time with the insurance needs of your business? Contact BTP Insurance today to schedule an initial consultation and get a free quote while at it.
Your insurance woes are soon going to be a thing of the past. Wherever your location is, you can look forward to insurance support that helps you remain a step ahead of your competition.
