Advantages of the Commercial Truck Insurance
Total coverage can be provided.
Besides road accidents, a truck can be badly damaged by fire or be easily stolen by thieves, particularly in unfamiliar locations. Those factors can hardly be taken under control and thus must be protected. Most of the commercial truck insurances will provide such coverage and offer financial support.
Financial losses can be minimized.
Sometimes an accident involving the death of another party can lead a business to go bankrupt. In such cases, commercial truck insurances can be a great help.
Business continuity is improved.
Accidents are so unpredictable that they can happen in any place at any time. With commercial truck insurances as the backup plans, company owners do not have to worry too much about their business, for the business can continue to grow even if accidents do occur.
The business image, together with the business itself, can be protected.
Insurances serve as a convincing signal for customers that the business they are dealing with is reliable, thus making it more likely for the customers to do business with the company.
Disadvantages of the Commercial Truck Insurance
Commercial truck insurance policies, though including a wide range of damages, don’t cover everything. Sometimes you have to pay another amount of money for additional coverage. For example, special vehicles like cement trucks, limos, buses, hearses, passenger vans, or ice cream trucks are excluded from the policies. Besides, your own workers and trucks are not protected under the insurances, which means you have to look for additional insurance plans. In addition, products lost due to broken refrigeration plus the loss of cargo and income after an accident are also excluded, which means that you will have to find other endorsements to get your business back to the track if such accidents occur.