A critical part of a career on the road is making sure that you have commercial auto insurance. There are many different policies available, but the most important factor of this type of insurance for your New Jersey Business is General Liability. This type of New Jersey Commercial Auto Insurance Policy covers any injuries and damage that might occur to another driver and their vehicle if you are involved in an accident. As a truck driver, it’s advisable that your general liability insurance be at least $750,000 worth of coverage.
The reason that New Jersey commercial auto insurance is essential for truckers is because if they are found at fault for an accident, the other party’s lawyer could go after the driver’s or even the trucking company’s profits and savings. You will also want to keep in mind that if you are a fleet owner, and a driver is injured in an accident, they may be forced to stay out of work, and are likely to want to collect on workers compensation. With this in mind, it’s advisable to consider more than just general liability. For example some products we offer through our commercial auto insurance include physical damage coverage and workers compensation.
Another product of commercial auto insurance that we offer is non-trucking liability insurance. Your drivers need to know that while they are driving the trucks for your fleet, the automobile is covered by their employer. However, during their off times when the truck is parked somewhere other than your fleet yard, insuring the vehicle is their responsibility. This is where non-trucking liability insurance comes in.
At Tri-State Insurance Agency, we understand that the transportation industry is the backbone of this country, making sure goods and people get from one point to another. We understand the importance of this industry to our economy and the exposures those in the various segments face on and off the road. Contact us today at (888) 990-0526 to learn more about our comprehensive Business Insurance portfolio for companies throughout Pennsylvania, northern New Jersey and New York.