Business Insurance
When you are operating a trucking business, you will need to carry several types of insurance. Trucking is a very diverse industry and is covered by federal and state laws. Because this industry can be complex in its insurance needs, it is crucial that independent drivers, carriers, and freight brokers all have the right insurance policies in place.
Different Types Of Business Insurance
• General Liability Insurance
General liability insurance covers your business for property damage and bodily injury claims made against your company due to its operations, products, or services. This type of insurance is different than worker’s comp and drivers' auto policies. General liability is in place for people that visit your business or use your services.
• E&O Insurance
Errors and Omissions insurance is a separate liability policy that is recommended for all professional services. This type of policy is used when a client tries to sue a contractor or business for not performing their duties as specified in the contract or for providing inadequate services.
• Business Property Insurance
If you are a carrier or a broker that has a physical building that you own and operate your business, you will want property insurance. Property insurance protects your business if something happens to the building, such as fire, some flooding events, vandalism, weather damage, and accidents. Some of these policies will also cover damages that occurred from a robbery.
• Business Income Insurance
There are times when your business might not be able to operate. Storm damage to your local area or your building, power outages, damage to the property, broken machinery, weather conditions, and data breaches may all impact your income. These policies are in place to help you recover lost income.
• Data Breach Insurance
If your company has been hacked, or if your systems have been breached in any way, you could lose income and possibly be sued by clients or employees for losing important information. This type of insurance gives you extra protection in the event that this happens to your business.
Business Specific Policies
There are many other types of business policies that may apply to your business. If you are looking for the most protection for your trucking industry business, speak with VMC Trucking Insurance. Our dedicated agents can help you find all of the important businesses policies that you need to protect your business.
Having the right types of policies in place can protect you from an unforeseen event. Accidents happen. Natural disasters happen. Criminal activity happens. Make sure that you have the most protection for your company.
VMC Trucking Insurance is an Illinois business dedicated to the trucking industry. They currently offer policies in Illinois and in the following states: AL, AZ, CA, CO, DE, FL, GA, IA, IN, LA, MD, MN, MT, NC, NV, NJ, OH, OK, OR, PA, SC, TX, VA, VT, WA, and WI. VMC Trucking Insurance has been actively selling policies for over five years and currently works with over carriers. Speak with one of our reps today to see how we can help you.