Tag: Dump Truck Insurance

Why Investing in Dump Truck Insurance Can Be Good

Bob Holtzman

Owning a dump truck can provide great benefits, as well as significant challenges when determining usability and safety. Significant investments in United States infrastructure continue to drive demand for dump trucks and their operations, with Grandview Research noting an 8.6% potential growth. Without a doubt, it’s an excellent time to be in or enter the dump truck industry.

Dump Truck Necessities

Many owners question the need for and the specific details of Dump Truck Insurance. This seemingly unessential item becomes essential by offering needed, and required, protection. Invest, but do so wisely, understanding which insurance policies work best for your operation.

What Kind of Insurance To Get for a Dump Truck?

Accidents happen, even when people work carefully. Dump truck drivers operate under various conditions, navigating challenging terrain and carrying heavy loads. Furthermore, most work occurs within construction sites and high-risk locations because of the tasks, equipment, and area. Liability Insurance is a minimum requirement to operate.

In addition, finding dump truck insurance may prove challenging, with many insurers choosing not to provide any coverage for those operations; therefore, search for insurance brokers that specialize in your industry. Their knowledgeable agents work to tailor a plan to your design. Expect them to ask about the following details:

  • Current and previous driver records
  • Fleet size
  • Fleet models and age
  • Typical jobs

With this information, agents can determine specific risks and customize policies to address issues including physical damage. In addition, by evaluating your fleet’s age and condition, they can determine a reliable amount of protection.

Dump Truck Considerations

Dump trucks’ high center of gravity makes them prone to topples. Drivers lift the load and are ready to release; however, as the back goes up, the truck itself may lean to one side. For instance, in 2018, the United States Department of Transportation reported 383 fatalities, 5,829 injury crashes, and 8,881 towaway incidents involving dump trucks within the United States. These events totaled approximately 8% of significant truck accidents that year.

Without good insurance coverage, operators face costs of repair and loss on their own. These bills add up quickly and cost upwards of thousands of dollars. Owners must consider what they would do if they lost a vehicle or faced an injury lawsuit. Financing remains critical to repairing or replacing vehicles and returning to jobs with little downtime or loss.

Construction continues to boom, and the industry needs dump truck operators. Build your company today and protect it from future issues. After all, mistakes shouldn’t hit you hard; they shouldn’t cripple the work you’ve created. Invest in Dump Truck Insurance to alleviate the strain of claims and provide a safeguard for the unexpected.

About Western Truck Insurance Services

Western Truck Insurance Services is a commercial truck insurance agency with roots dating back to 1954. We have evolved into a highly respected, professionally managed, truck and transportation insurance brokerage. The hallmark of our organization is our desire to provide unparalleled service. We go way beyond what you expect to receive from an insurance brokerage. Equipped with state of the art automation, Western Truck Insurance can provide you with lightning fast truck insurance quotes, customer service, Insurance certificates, and coverage changes. Contact us today at (800) 937-8785 to learn more!

The Fundamentals of Dump Truck Insurance

Bob Holtzman

Every year there are about 4,000 deaths as a result of large trucks being involved in accidents on the road in America. The risk is high for truck drivers as they drive across the highways every day, and it’s even riskier for dump truck drivers as their vehicles are less agile than cars around them. Damage can be high and the risk of fatality or injury can rise.

A Dump Truck Insurance policy is a specialized type of policy for commercial vehicles that helps protect drivers or owner-operators against truck accident liability as well as provide supplemental coverages to protect against financial exposure. Let’s go over the basics of this kind of insurance and look at its benefits.

Dump Truck Insurance: Is It Required?

In each state there’s a different minimum required limit for liability coverage. This specialized coverage typically comes with separate minimum required limits for bodily injury liability and property damage liability. All trucks are required to carry commercial dump truck insurance that meets the state-required minimum coverage limits for bodily injury liability as well as liability for physical damage to property.

Sometimes, primary liability insurance coverage is provided by the motor carrier. In other cases, a truck driver may be required to purchase coverage for liability. The benefit of having insurance for dump trucks is that it includes the costs of repairing any damage to a dump truck or medical expenses for driver injuries.

What’s Covered?

Having dump truck insurance is like having peace of mind behind the wheel and on the road. Liability insurance is at the center of every policy, providing coverage for bodily injury liability and property damage liability due to accidents involving trucks. Additionally, other causes like fire, theft, and other risks can be covered under dump truck insurance. Again, these policy coverages can vary by state, but more options can include medical payments or personal injury protection.

Here’s a list of available coverages:

  • Bodily injury liability
  • Medical payments
  • Property damage liability
  • Collision damage
  • Business interruption
  • Workers’ Compensation and/or Occupational Accident Injury
  • And more

How Much Does This All Cost?

By now you can see the value that dump truck insurance provides drivers. When it comes to overall charges, once again, this can vary by state. Additionally, there are other factors that play a role in what the overall cost is. Things like claims history, driving record, and other relevant considerations are looked at when inquiring about a new policy.

Dump truck insurance policies can be tailored to your needs and a good insurance agent will be able to craft the package that’s fit for you. The dump truck business is growing and evolving, and policies are also changing in the same way. Make sure to discuss your liability coverage limits with an agent and go over things like minimum requirements by your state.

About Western Truck Insurance Services

Western Truck Insurance Services is a commercial truck insurance agency with roots dating back to 1954. We have evolved into a highly respected, professionally managed, truck and \ transportation insurance brokerage. The hallmark of our organization is our desire to provide unparalleled service. We go way beyond what you expect to receive from an insurance brokerage. Equipped with state of the art automation, Western Truck Insurance can provide you with lightning fast truck insurance quotes, customer service, Insurance certificates and coverage changes.