Accident insurance can cover medical expenses, lost income, and missed work from injuries. In some cases, it can even offset the costs associated with legal representation. But getting auto coverage can be a complicated process – so read on for some tips to help you choose the right bodily injury plan!
What is accident insurance?
Accident insurance is a policy that mainly protects against medical and legal costs after an accident. The term ‘accident’ can refer to any situation in which you get hurt and require medical treatment, or when you fall sick after an illness or natural disaster without other coverage. It’s important to plan ahead by buying the best accident insurance for truck drivers to protect themselves, their family and their personal property.
Why do truck drivers need accident insurance?
Truckers are well-known for their hard work. One of the most important parts of being a truck driver is the hours spent on the road. Working non-stop for hours can have serious consequences, but it happens too often without insurance. Without insurance, truck drivers are liable to pay lump sums for damaged property or medical bills that they don’t have money to pay.
If this one aspect is overlooked by your business, all of the great things you are doing really fall apart because of injury caused by your carelessness.
How to buy professional trucking accident insurance
Despite all your efforts, accidents still happen. No one is immune to an unexpected accident; they come in all shapes and sizes. It’s essential that you maintain proper actions and actions resources that go into minding the wellbeing of your company and employees.
You never know when a truck might have an accident or what you will be transporting at the time. Make sure that your logistics team is protected by a third-party protection plan, which can cover you should a truck accident occur. Premiums charged for this type of insurance differ depending on the service provider.
Significant differences between personal and commercial motor vehicle insurance
You might wonder why commercial vehicle insurance is so much more expensive. The main reason for this difference is the exclusions. If you buy a commercial vehicle, you are asking for a lot of coverage from auto liability to property damage to wages lost. With personal vehicle insurance, also known as PIP, only the damages from your vehicle being in an accident are covered.
Getting a new driver profile
One of the top benefits of car insurance is having accident insurance to protect yourself in case you are involved in an accident. However, there’s one perk that will ensure your future financial security if you lack accident insurance.
Trucking accident facts
According to the Bureau of Transportation Statistics, there were 2.65 million truck crashes in the United States during 2015 that caused 287,000 injuries and 3,378 fatalities.