Compared with ordinary auto insurance, commercial trucking insurance needs to cover not just bigger risks, but a wider range of risks. The potential costs of damage to property and medical bills are higher simply because a truck can have a bigger impact in a collision. Meanwhile, you’ll also need to be covered for the potential loss of, or damage to, cargo.
The principles behind commercial truck policies are simple enough, but be prepared to answer a lot of questions about the type of people you have operating the trucks, the type of cargo they carry, and the expected mileage during the year. Your coverage needs could also change depending on whether you cross borders into other jurisdictions.