Trucking insurance is a way to protect yourself from financial disaster. It can be used to protect you against financial loss that can result from events such as theft and natural disasters.
According to FMCSA (The Federal Motor Carrier Safety Administration), all truckers must-have commercial truck insurance. If you’re a new driver, finding the right insurance for your trucking operation may seem a little confusing. This is a guide to the many things you need to know about trucking insurance in El Paso!
At Border Trucking Compliance, we have years of experience helping truckers choose the right insurance for their specific needs. If you are looking to obtain truck insurance or change your existing policy, BTC can help. Call (915) 838-1080 today!
Types of Trucking Insurance in El Paso
You’ll want to consider several types of insurance for trucks in El Paso, TX. The two main options are General Liability and Auto Liability insurance.
- General Liability Insurance: With this type of insurance, your company is protected from lawsuits stemming from accidents or injuries caused by your employees or other parties. It covers legal costs if someone sues you for an injury and includes coverage for bodily injury, damage to property, and economic loss (including lost wages).
- Auto Liability Insurance: This type of coverage protects against lawsuits filed against your company because one of your trucks was involved in an accident while being driven by an independent contractor (i.e., someone who isn’t employed by you). These claims can be expensive if they’re not handled appropriately; therefore, all drivers must have adequate proof of why they were driving at the time to clear up any confusion over liability.
To learn about available truck insurance coverage, get in touch with our El Paso commercial truck insurance experts by calling (915) 838-1080 today!
How to Determine the Best Trucking Insurance
When looking for trucking insurance in El Paso, it’s essential to consider the type of cargo you’ll be hauling. The value of your freight will also determine how much coverage you need.
For example, suppose you’re transporting expensive cargo, such as liquid chemicals valued at over $1 million. Because these commodities are so valuable, it makes sense that their insurance costs would be higher than if you were transporting less valuable goods like grain or lumber.
Trucking Insurance Needs Also Depend on Where Your Trucks Operate
The type of insurance you need also depends on where your trucks operate. The two most common options are Interstate Trucking and Intrastate Trucking.
- Interstate trucking is covered by the same policies as commercial motor vehicles (CMVs) and is regulated by the Interstate Commerce Commission (ICC).
- Intrastate trucking occurs within a single state, while interstate travel crosses multiple states.
It’s important to note that truck drivers can be covered under both types of insurance if they are licensed in one state but operating in another. Still, it’s always best to check with your carrier before signing up for any coverage options that may not seem right for what you’re doing.
Why El Paso Trucking Insurance Matters
Insurance can help you avoid financial ruin by paying for damages or injuries sustained in an accident caused by another party. Your coverage will also cover any legal defense costs if someone else causes your truck accident while driving under the influence of alcohol or drugs (this is known as liability coverage).
If something happens while traveling on the road—like an accident with another vehicle—you’ll need collision coverage too. This policy will pay out if someone hits your truck while it’s parked at a rest stop or fueling station.
If an accident happens, just remember: You’re covered!
Choose Us for the Best Trucking Insurance in El Paso!
Trucking insurance is one of the most important things you can buy for your business. It protects your truck and its contents from accidents, theft, and other risks. If you’re a first-time trucker, it’s crucial to understand how commercial truck insurance works and what type of coverage you need.
Suppose you’re unsure whether or not it’s right for your business. In that case, get started by choosing Border Trucking Insurance as your team. Our El Paso trucking insurance experts can help answer any questions you may have. This way, when it comes time to purchase coverage in your area, there won’t be any surprises! Contact BTC Insurance online or call (915) 838-1080 today!