What Insurance Covers Do Truck Drivers Need

Insurance cover for truck drivers is the most important thing that can make or break the business during unpredictable scenarios. For the trucking industry, it is crucial to know what type of insurance covers you need because some types of insurance covers are prescribed in legislation and some are a matter of “common sense”. In this post, we will look at the types of insurance for new drivers who are all set to roll their trucks. 

What insurance covers for truck drivers are mandatory?

The FMCSA puts forward the following types of insurance covers before it will issue any authority to operate. Please look below;

  • Public liability insurance 

When you come across situations like bodily injury, damage to property, and damage to your vehicle, this type of cover not only covers the truck driver but also the third parties involved. In simple words, this type of insurance covers your personal damage and damage to public property as well. For best commercial truck insurance, you can get help through the Internet. You will come across multiple options with truck driver insurance cost.

  • Cargo insurance

This type of insurance focuses on damage or loss related to the shipment, including abandonment, theft, inappropriate packing, rejection at Customs, and employee errors. The FMCSA makes it compulsory for you to get cargo insurance coverage in the amount of $5,000 per vehicle to $10,000 per occurrence.

  • Misc. covers

For truck drivers, Surety Bond or Trust Fund Agreement in the amount of $75,000 is required.

Health insurance for truck drivers

As with most professions, your income depends on your ability to work. It is always better to be prepared for the worst. In many cases, truck drivers are covered by the company’s insurance policies, which is the best. When considering health insurance for truck drivers, there is something more that you should consider; people who are your dependent. Getting your health insurance is a very good idea as it ensures that if you fall ill or suffer injuries, you can get the medical care you need in order to get back to work as soon as you can.

So this post wall all about the types of insurance covers for truck drivers which are set forth as compulsory by FMCSA. For more such types of articles, please follow this section of American Smart Trucking closely.