There are four basic types of commercial insurance. These are property, liability, worker’s compensation, and commercial auto insurance.  Depending on the type of business you own, you may choose certain specialty insurances to mitigate risks associated with your business as well. 

Property Insurance

Property insurance covers damage to your physical property. It will cover the place where you conduct your business. This can be a storefront, office space, or even your home office. It also covers your physical property in the space. This includes business equipment, furniture, and physical inventory.

Liability Insurance

Liability insurance protects you from financial risk if a third party is injured or their property is damaged. If someone falls in your store and gets injured, for example, liability insurance would cover any liability you have for the person’s medical bills and personal suffering. 

Worker’s Compensation Insurance

If you have employees, you will need worker’s compensation insurance. If an employee is injured on the job, you will be responsible for any medical bills related to the injuries and lost wages. A worker’s compensation policy will cover these expenses.

Commercial Auto Insurance

Commercial auto insurance and business interruption insurance are valuable for many companies as well. Commercial auto insurance may be necessary if you transport tools or goods for your business, run errands for your business, or provide transportation for clients. Commercial auto insurance generally covers liability and physical damage to your vehicle.

When it comes to commercial insurance, the value goes beyond relieving you of financial responsibility. In the event of a claim, you have an experienced agent overseeing the process. This can help ensure your legal compliance during proceedings, give you peace of mind, and make your life much easier.  Peter Laczko Insurance Inc. in Woodstock, GA has experienced agents that can help you select the types of commercial insurance you need. 

If you need to get commercial truck insurance for your business, there are some things you should know first. Be prepared by having the basic details of what you need and what trucking insurance is all about by talking to an agent at Peter Laczko Insurance Inc.

What Do You Give Your Insurance Agent to Set Up Commercial Truck Insurance?

If you already have an insurance policy, make sure to bring your policy declarations page. Otherwise, it’s fine to give your agent your current personal automobile insurance declarations page. It’s also possible to have your old insurer send along with the information to the agency you’re switching to for your commercial trucking insurance.

In addition, you’ll need to give them driver’s license numbers and the basic driving histories for anyone who will be driving your company’s trucks. Make sure you include everything that could have an impact since your insurance quote will increase if it’s found that one of your drivers has a worse driving history than what’s being reported.

Bring along the VIN (vehicle identification numbers) for each of the automobiles. You’ll have to provide the agent with something explaining the security and safety features for each of the trucks. If you don’t have those numbers with you, tell the company as much about the vehicles as you can until you are able to provide this information.

Types of Commercial Truck Insurance

It’s ideal to have additional coverage for your trucks. Here are some of the more common types:

• Liability insurance – this is mandatory to have for your vehicles. It covers damage that’s caused by one of your trucks.
• Motor truck cargo – though this type isn’t mandatory, it’s helpful. Some shipping companies do make it a point to get this.
• Bobtail insurance – this is another voluntary type of insurance, it covers when you’re on the road and it covers when you need to get service on the truck.
• Physical damage – though this isn’t required, it does cover if there’s a fire, theft, or any flood damage.

Reach out to an experienced agent like those you’ll find at Peter Laczko Insurance Inc. of the greater Woodstock, GA region. You’re sure to be pleased with the results.