Austin Truck Insurance Company
Those who run a business must ensure that they have proper insurance coverage to protect their company assets. Austin trucking insurance covers many different types of losses that are specific to this industry. One of the most important types of coverage is liability, which covers the trucking company for bodily injury and property damage to the other party if one of their vehicles should be involved in an accident. This is necessary to comply with state requirements and provides them with defense coverage should they be sued.
Environmental liability insurance is a coverage that several industries can purchase and it offers coverage for the environment. Many things the trucking industry does can impact the environment, such as a load being spilled that can contaminate the ground, water or air. This can be important insurance, as these lawsuits can result in a lot of money lost and huge attorney fees.
Cargo insurance provides coverage against physical damage or loss of goods while being transported in or on a truck or trailer. This insurance would protect the company responsible for moving goods from being legally responsible if the property was damaged, lost or stolen while in their control. In the United States there is a Federal Law covering minimum levels of cargo liability insurance needed to be carried.
Bobtail coverage provides coverage for truck drivers when they are operating their trucks in a non-trucking capacity and also covers owner/operator truckers for the return trip after delivering a freight trailer to its destination.
Also important to owner-operators is physical damage coverage for the trucks and trailers. These coverages are comprehensive which includes such things as flood, fire and theft of the vehicle as well as collision. All of these are necessary for those who want to be completely protected against financial loss and are a requirement if the vehicles are financed.