Starting Your Own Trucking Business? How To Avoid Mistakes With Your Commercial Truck Insurance

If you're a commercial truck driver, you need to have the right insurance. Commercial truck insurance protects you, your truck, and your assets. It also protects other motorists. But, you need to avoid mistakes when buying your commercial truck insurance. If you're a new owner/operator, you might not understand your commercial truck insurance coverage. If that's the case, read the list below. Here are five tips to help you avoid mistakes with your commercial truck insurance.  

Work With an Insurance Agent

When you buy truck insurance, you need to work with someone who understands your needs. Unfortunately, online clearinghouses can't always do that. That's where an insurance agent comes into the picture. An insurance agent can help you get the insurance you need for your commercial truck. They'll make sure you have coverage that protects you, your truck, and your assets. They'll also make sure you get the best rates for your commercial truck insurance. 

Know Your Coverage Options

You have a lot of options available for your commercial truck insurance. Unfortunately, if you don't take your time, you might miss out on those options. Now that you're putting your insurance policy together, make sure you get the right coverage. As a commercial truck driver, there are some coverage options you need to have on your policy. Those include liability coverage, physical damage coverage, and underinsured/uninsured coverage. It's also a good idea to include cargo loss coverage in your commercial truck insurance policy.  

Protect Your Driving Record

If you want to avoid problems with your truck insurance, protect your driving record. A clean driving record helps keep your insurance at an affordable rate. A good driving record also helps you avoid getting your insurance canceled. If your commercial truck insurance gets canceled, you can't drive. That's why a good driving record is so important to your commercial insurance. It's also a good idea to enroll in a commercial driver's training refresher course from time to time. That way, you can get a discount on your commercial truck insurance. 

Conduct Annual Reviews

If you're an owner/operator, it's a good idea to review your insurance needs at least once a year. That's especially true if you're expanding operations. The commercial truck insurance you have now might not be enough to protect you after a business expansion. An annual insurance review will help you identify gaps in your coverage. That way, you can make adjustments to your policy before a problem arises.