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!