OWIS

Every industry has its challenges. The transportation industry is no exception. Because companies in the transportation business have large fleet of vehicles running day and night they are always vulnerable to damages to their vehicles. Products and commodities that are carried on them can lead to serious losses. Especially if you are a small transportation company. To cover the risks involved, transportation companies require transportation insurance coverage. Though there is also a risk of people (third parties) getting injured or their property being damaged by your vehicles in case there is an accident. Companies in the manufacturing /production business often use their fleet of vehicles can also get transportation insurance.The insurance usually covers:

Read more: Why Your Transportation Business Needs Insurance →

As a business owner, you are concerned about a lot of things, from how to stand apart in competition to how you can better manage employees, and how to solve problems of your customers through better offerings. What you generally don’t keep an eye on is getting a lawsuit against your business. Nevertheless, these things do happen and having a Commercial General Liability policy ensures that your business is financially protected against hefty damage claims made by third parties and other related expenses.

Read more: Why Your Business Needs General Liability Insurance →

No matter if you’re a single owner-operator or responsible for a fleet of commercial vehicles, you need to be concerned about more than just traffic accidents. You would have to manage all the risks linked with your transportation business. One of the major set backs for your truck transport business would be an insurance cam. If you somehow don’t get the insurance coverage from an authorized transportation insurance company, you are at the risk of getting duped.

Read more: Protect Yourself from Truck Insurance Scams →