If you are looking for a starting point of your commercial insurance policy, General Liability Insurance is the answer to it. By being a primary benchmark for motor carrier’s coverage, it serves the function of a focal point around which an insurance policy of any motor carrier company constructed. General Liability Insurance is the most basic type of coverage at the disposal of commercial trucking company operators and reflects the amount of minimum coverage which is primarily needed by commercial trucking companies.
Adding General Liability Insurance as a part of your commercial insurance policy is often mandated by law. It exhibits your operating service’s ability to tackle any public damages on Federal grounds in the USA. Having General Liability Insurance is necessary for the legal operation of commercial trucking companies in the USA.
Why is General Liability Insurance needed?
General Liability Insurance offers a means of representing a proof of financial responsibility which is required to present for the coverage of any damage caused to the public and public property in accidents involving your vehicles. General Liability Insurance offers proof of the protection of the people and public property. It is a means of exhibiting your company’s capability to handle the public risks associated with the operation of your commercial trucking company.
What is the purpose of General Liability Insurance?
During the operational course of normal daily operations of any commercial trucking company, public and public property are exposed to accidental threats which can result in liabilities on behalf of the company. General Liability Insurance protects the commercial trucking companies from any commitments which are related to damage caused to property or public by its vehicles in case of accidents. General Liability Insurance is capable of protecting your business from litigation, however; this insurance is not responsible for the partial or complete coverage of public or property as a result of accidents.
In today’s society where the chances of accidents are increasing on a gradual basis, having a General Liability Insurance as a part of a commercial insurance policy is essential for the survival of commercial trucking companies against litigation.
You can discuss the correct amount of coverage needed to set up the drafting policy with us today.
How can I bridge the gap between public property coverage and personal property coverage?
General Liability Insurance protects the company from litigation in case of property or public damages. It does not cover any civil or personal injuries. To bridge the gap between the coverage of damage done to the public and detriment were done to your vehicles; you can make use of other insurance policies. Commercial trucking companies can combine Collision Insurance, Trailer Insurance, and Comprehensive insurance with General Liability Insurance to obtain a perfectly tailored commercial insurance policy.
Motor carriers and commercial fleet companies can make the addition of Occupational and Accident Insurance or Worker's Compensation Insurance for the protection of company employees.
The difference between general liability insurance and primary liability insurance:
General Liability Insurance is subject to protecting your business any sorts of litigation which may result from various conditions faced during day-to-day activities whereas the Primary Liability insurance offers coverage against the damage caused by your trucks.
Contact us today to obtain more information on both insurance packages.