Straight truck or a box trucks are typically employed by the expeditors, retail operators, couriers or household goods movers. Depending on the type of consignment transported, these straight trucks need to be insured. Like any other auto insurance the premium payable on the straight truck insurance varies with the age and experience of the driver, age of the truck, type of consignment and the driving record.
Based on the types of damages covered by the scheme, one can go for an auto liability, bobtail liability, physical damage, trailer interchange, general liability, motor truck cargo, workers’ compensation, commercial truck insurance and ICC authority. The auto liability insurance protects from the third party injury and is compulsory under the Federal and the state laws.
Motor truck cargo insurance offers protection to the damages caused to the consignment with the premium varying with the contract between the shipper and the transporter. Commercial truck insurance covers for the injury that occurs while on your premises applicable in those states where Workers’ Compensation is not applicable, while physical damage protects from the damages due to theft, vandalism, natural disasters, etc. Other types of insurance are the ICC authority, which is expected of the truck companies that hauls commodities over state lines for others, workers’ compensation insurance to safeguard against an injury or accident to the employee while on duty, non-trucking liability to protect against damages when the truck is not used for economic purposes, and bobtail insurance which covers the damages incurred on a truck that operates without a trailer. The needs of the trucking company, in short, define the selection of the straight truck insurance.