Trucking Insurance Glossary Key Terms You Should Know

Bodily Injury Liability: Covers medical expenses and lost wages for individuals injured in an accident caused by your vehicle.

Business Interruption Insurance: Coverage that compensates for lost income when business operations are halted due to covered events like accidents or disasters.

Claims Adjuster: A professional who investigates and evaluates the damages or losses claimed in an trucking insurance policy.

Claims History: A record of past insurance claims filed by the insured, which can influence future premiums.

Collision Coverage: Insurance that covers damage to your vehicle resulting from a collision with another vehicle or object.

Commercial Auto Insurance: A broad term for insurance policies that cover vehicles used for business purposes, including trucks, vans, and cars.

Contingent Cargo Insurance: Provides coverage for cargo when the primary cargo insurance does not apply or fails.

General Liability Insurance: Coverage that protects your business from lawsuits or claims involving bodily injury, property damage, or advertising mistakes.