Refrigerated Truck Insurance
Reefer Truck Insurance
Refrigerated trucks are a large capital investment for any company. These trucks generate great returns however, since they enable your company to offer chilled goods and cargo regularly, over vast distances. Refrigerated trucks may be used by meat packing plants, retail food warehouses and even catering companies or bakeries in smaller forms.
Being able to transport goods without having it go bad before it reaches its destination is a key reason for using refrigerated trucks in your business. When these trucks are involved in auto accidents however, or are damaged by other forces, your company can suffer from severe financial losses. Protect the truck to the fullest extent by making sure your company carries the right types of commercial auto insurance coverage. Here are the primary types of insurance you’ll need for your refrigerated trucks:
- Liability Insurance – Liability insurance protects you from having to pay other people’s bills when your truck is the cause of an auto accident. Liability is generally required by law in most states, and you cannot get certain types of truck licenses and permits without first having this coverage. Liability protects other people. If the driver of your refrigerated truck causes an auto accident, your liability insurance will take care of the bills in two specific areas:
- Bodily Injury – Bodily injury coverage is the part of your liability policy that pays people’s medical and related bills when they are injured in an auto accident. Bodily injury pays for physician and hospital care for example, emergency transport to a medical facility, and related medical expenses such as lab tests and prescription medications. Bodily injury pays for other expenses that are caused by injuries in an accident as well. For example, if the injured person must take time off of work to recuperate, your bodily injury coverage will cover their lost wages. If a person is killed in the accident, bodily injury coverage can pay for the funeral expenses.
- Property Damage – Property damage coverage pays for the repairs of property that was damaged by your truck in an accident. If your company’s refrigerated truck is in a collision accident with another vehicle and that vehicle is totaled in the accident, your property damage coverage will pay for the vehicle replacement. Property damages also pays for car repairs when another vehicle is damaged, and can pay for other related repairs for property that is damaged in the accident.