General Liability Insurance

As a truck driver, safety on the road is a top priority. However, protecting your livelihood is equally important. Elite Insurance and Beyond provides General Liability Insurance for truckers that can financially protect you in case of an accident. This insurance policy can help cover the costs of damages to someone else’s property or any injuries caused by you.

Understanding General Liability Insurance (GLI) for Truckers

General liability insurance for truckers is a policy that helps cover financial losses associated with damaging someone else’s property or causing an injury. While it is not required by law, having this coverage in place can help pay for repairs, medical bills, and legal fees that may arise from a lawsuit.

What Does Elite Insurance and Beyond’s General Liability Insurance Cover?

Elite Insurance and Beyond’s GLI for truckers covers bodily injury and property damage. If you cause an accident that injures someone or damages their property, this policy can help pay for their medical bills, repairs, and legal fees that may arise.

Why Do Truckers Need GLI?

Truckers need general liability insurance to protect themselves and their businesses financially in the event of an accident or other incident. It can help cover legal fees, property damage, and bodily injury expenses that may arise as a result of an accident. Even if it’s not required by law, having this coverage is a smart decision for any trucking company.

How Much Insurance Does a Trucking Company Need?

The amount of GLI a trucking company needs depends on the size and scope of the business and the types of products they transport. If the company is transporting hazardous materials, a higher level of coverage may be necessary. Working with an insurance agent can help determine the right amount of coverage needed for the business.

Who Needs Motor Truck GLI?

For-hire truckers and motor carriers will most likely need motor truck general liability insurance, also known as Trucker’s GLI. This policy provides coverage for situations like customers slipping and falling on your premises, erroneous delivery of products resulting in damage, and fire on rental property due to the insured’s error.

Limits, Deductibles, and Other Details

Elite Insurance and Beyond’s motor truck GLI provides various types of coverage, including bodily injury and property damage liability, personal injury and advertising injury liability, medical payments, products-completed operations, and damage to premises rented to you. It’s important to note that this policy is only available for for-hire trucking risks when exclusively hauling property or goods that you don’t own for a fee.

Exceptions and Restrictions

When purchasing motor truck general liability insurance, there are some exceptions and restrictions to keep in mind. For example, this policy is not available for fleet policies, and drivers are limited to a 500-mile radius. Trucker’s GLI is also not available for certain vehicle types, such as garbage trucks, cement trucks, limos, hearses, buses, passenger vans, and ice cream trucks.

Is General Liability Insurance Required by Law?

GLI is not typically required by law, but some agencies may require coverage before issuing a professional license or permit, especially in the construction industry.

What is the Difference Between Professional Liability and General Liability?

Professional liability insurance and general liability insurance offer similar benefits, but professional liability insurance covers professional mistakes and accusations of neglect related to advice provided to a client or customer, while general liability insurance provides financial protection for physical accidents, such as property damage and bodily injury.

What is General Liability Aggregate?

General liability aggregate is the maximum amount of money an insurance company will pay out during your policy period, usually one year, for all claims made under your policy. It’s important to know your aggregate limit when purchasing general liability insurance, as exceeding the limit means you’ll be responsible for paying any remaining expenses out of pocket.

In conclusion, Elite Insurance and Beyond’s GLI for truckers is an essential coverage that can help financially protect truckers in the event of an accident. Working with an insurance agent can help determine the right amount of coverage for your business and understand any exceptions or restrictions associated with motor truck general liability insurance. With the right coverage, truckers can have peace of mind and focus on staying safe on the road.