A refrigerated box truck has a big job. It must transport items sensitive to temperature from one place to the next. Plenty of problems can arise in this process.
If your business owns and uses these trucks, having commercial auto insurance is necessary. It helps you protect your investment. It helps your drivers to remain safe. And, it aids in minimizing risks to nearly all companies. It should be a part of a comprehensive business insurance policy.
Protecting Your Asset
No matter the size of the truck, having proper commercial auto insurance is necessary. To do this, you need several types of policies.
Providing protection for the actual truck is important. Your policy should have protection for risks such as fires and theft. It should also have protection against vandalism, storm damage, and collisions. Often, this type of coverage will have a higher than normal price point for a refrigerated box truck. This type of truck typically has a higher value to it, after all. Still, your insurance agent can likely help you achieve the best prices for your policy.
A breakdown of your refrigeration system could put your inventory at risk, as well. This incident can be very expensive. To avoid this, you need a policy in place to cover your needs. You can often add a component of equipment protection to your physical coverage. These policies will not cover breakdowns related to maintenance or any type of normal wear and tear. But, they can cover losses related to accidents and unavoidable instances.
Most commercial auto insurance policies also need to have liability coverage. This component provides protection to other people. This is important because accidents with these larger boxed trucks are common – as these vehicles can be harder to operate. When an accident occurs, your goal should be to file a claim to support the losses of any other party, if the accident was your fault.
Many drivers and truck companies will need more extensive coverage. This may include more bodily injury and property damage protection. Or medical payments coverage.
To obtain the best level of business insurance, work closely with your agent. Commercial auto insurance for refrigeration trucks is very specific. It needs to protect your cargo. It needs to protect any instances of trailer interchange. Towing and accessories are also factors to consider. Your trusted agent at Fulton Agency will help customize your policy. This ensures your refrigerated truck always has the necessary protections.