One important thing that every dump truck operator must have is insurance. No matter how careful an operator may be, safety when driving on public roads with other vehicles is unpredictable. There is no telling when or where an accident might take place; when that unfortunate day arrives, how fortunate it would be to have insurance to cover that loss.
Insurance for commercial vehicles is much more important than having it on private automobiles since they are used for transporting large and often expensive cargo. Accidents involving them can result in massive and costly property damage not to mention medical liability to any injured parties. Commercial insurance helps to offset such possible expenses. Here are the types of claims for which commercial vehicles need to carry such coverage.
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Liability – This protects an owner from losses resulting from the negligent operation of the covered vehicle. For example, if a dump truck becomes involved in a collision with another vehicle or hits a structure while delivering a payload, the insurance company covers the cost of damage negligently caused by the operator of the truck.
- Physical Damage – Acquiring physical damage coverage for an insured vehicle protects it from two types of losses: collision and non-collision (comprehensive) loss. The first coverage provides repairs for collision-related damage and the second coverage covers damage caused by anything else, including hail, floods, vandalism and theft. Repairing equipment such as a dump truck can be a very costly undertaking. Having insurance that offers physical damage coverage helps offset the expensive cost for repairs.
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Cargo – Another important item that needs to be protected is the cargo that is carried by a dump truck. While these vehicles often haul loose material such as sand or soil, some cargo is very expensive and if damaged while being transported, it is important to have insurance that offers protection to the actual cargo itself. For example, if some of the cargo was stolen or some fell off while being transported, the insurance policy would pay for the resulting damage.
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Medical – Another expense that could come up from operation of a dump truck is medical expenses. This non-fault coverage pays for any injuries that occur during the operation of the vehicle. It not only offers protection from costly medical bills; it is also an effective recruitment tool to provide employees with health in case the unpredictable occurs.
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Non–Trucking Usage Liability – Accidents can occur even when a dump truck is not handling a load. This coverage is tailor fit to offer protection from liability that may arise while the equipment is not in use. It offers a more comprehensive protection for liability that might not be covered by the previous coverages.
Insurance is an important aspect to any vehicle, most especially for dump trucks from dump truck sales. It protects the owner from having to pay any expenses related to the covered vehicle. Before putting a truck into use, check to see that it is protected from any losses that could occur on the road and on the job – be sure to have insurance!
