Commercial auto insurance can be quite comprehensive. When selecting a policy, be sure to choose one that represents your individual needs based on how you use your truck. One option for some trucks is loading and unloading liability coverage. Take a closer look at how this type of insurance may help minimize some of your financial loss.
When Does Loading and Unloading Liability Apply?
There are risks to every step in managing your business. When you are loading or unloading your truck, accidents can occur. This is very true when you have large or heavy items that you are moving. Loading and unloading liability applies when an accident occurs that causes property damage or bodily insurance to another person as a result of an object falling or otherwise injuring someone. If your vehicle routinely makes deliveries, transports heavy items, or otherwise utilizes equipment that you store in the truck, this can be an important type of coverage.
Here is an example.
Your employee plans a delivery of a large, heavy package to a customer’s residence. At the customer’s location, someone does not latch the box properly. It tumbles out of the truck and strikes the person receiving the delivery in the head. This individual now has financial losses. This type of commercial auto insurance can help cover those losses.
This insurance does not cover your driver or your employees. Your workers’ compensation insurance may offer some protection there. Rather, it covers your company in cases of liability claims made against you or your company.
Should You Have This Coverage?
Talk to your Florence SC business insurance agent. Find out what type of coverage is right for you. It should always focus on how you use your vehicle. If loading and unloading are tasks you do, this may be an important type of protection to put into place. It can offer significant liability insurance for product damage or bodily injury claims.
It is always important to have safety measures in place. Prevention is the best way to keep your company safe. However, accidents happen to anyone and any business. With the right type of insurance coverage, you can minimize the financial hit. Talk to your agent more closely about this policy. Learn how well it can minimize the claims you may face in the future.