In the world of commercial transportation insurance, there’s a nearly unlimited range of specific types of coverage. It’s easy to see why as well, because each form of insurance relates to a very specific type of vehicle, industry or application.
Each of those present different risks and challenges, and therefore, need to have a different form of coverage. It’s crucial to obtain the correct type of transportation insurance so that you’re covered when you need it most. You also don’t want to overpay for a more generic or blanket form of coverage which doesn’t apply to you, and offers you forms of protection you don’t need to begin with.
To get an idea of how vast the world of commercial transportation insurance is, let’s take a look at just the different types of trailers which may each have different policies in place. The list includes: bulk commodity, concession, dry freight, dump body or transfer box trailers, flatbeds, goosenecks, horse trailers, livestock, log haulers, low-boy, pole, refrigerated, tank, tilt, travel and utility. Again, that’s just the trailers!
Now let’s take a look at more types of vehicles which while not tractor trailers, still fall into the realm of commercial transportation insurance. Here, the list includes a lineup such as: auto haulers, agricultural trucks, box trucks, bucket trucks, buses, cargo vans, catering vehicles, cement mixers, delivery vans, dump trucks, front loaders, garbage trucks, hearses, ice cream trucks, food trucks, limousines, minivans, motor homes, passenger vans, pickups, pump trucks, roll-on vehicles, SUVs, stake body trucks, street sweepers, step vans, and wheelchair buses and vans.
This isn’t even a comprehensive collection, and there were dozens of different types of trucks, trailers and other commercial vehicles listed. Now, consider why all of this is necessary.
Let’s say you have a wheelchair-accessible van, and you’re in the business of non-emergency medical transport. You have a lot of equipment on board, which is valuable and needs to be protected. You also need to be insured for transporting individuals who may be in poor health or physical condition. Again, it’s a very specific form of risk and need.
Take another case, that of a food truck. You have cooking equipment on board, which is both a valuable asset which needs to be protected, as well as a unique form of risk which needs to be insured. There are also likely licensing factors which come into play as well for your local area, and issues such as waste disposal, fuel sources, food storage, and more.
Clearly, the world of commercial transportation insurance is a confusing and complex one. Be sure to consult with a professional who can help you get equipped with the right policies for your unique needs.