While trucking insurance may seem like a considerable investment, it is one of the more essential protections you can provide for your Waldron, AR business. Just like other forms of business insurance, trucking insurance coverage can help pay for damage or losses that otherwise might result in your business shutting its doors. When selecting the ideal policy, you need to consider the risks. Regardless of the type or size of the truck you operate, keep in mind the following factors to ensure your policy from The Owens Agency, LLC is the right one for your company.
Trucking Accident Risks
According to the Department of Transportation, 130,000 people in the U.S. are involved in a truck-related accident each year; 22 percent of which result in injury to truck drivers, passengers or other drivers, and 75 percent of those incidents result in property damage. Whether you are an individual operating a single commercial vehicle or a trucking company, trucking insurance is invaluable – the average cost of a commercial trucking accident is $59,000. With the right trucking insurance policy, you won’t be responsible for hefty out-of-pocket payments.
How To Minimize Trucking Risks
Talk to your insurance agent to have your policy reviewed periodically to ensure you have adequate trucking liability coverage for your Waldron, AR business. Assess your risks and make sure you have coverage that protects you beyond the basics. Only hire experienced and skilled drivers with a history of safe driving. Create a safe schedule, encourage drivers to pull over and rest if they feel drowsy on the road, and make sure your vehicles are operating at peak levels. Each of these measures can help to keep your risks and liabilities as low as possible.
For more information about trucking insurance and choosing a trucking insurance policy that is best suited for your unique business risks, call the insurance experts at The Owens Agency, LLC today and learn how you can get started.