Protecting your assets is an extremely important part of owning a business. Things can and do unexpectedly go wrong and you don’t want to have to handle the consequences yourself if the worst-case scenario happens. Whether you are the owner of a single dump truck or a fleet of dump trucks, it is vital that you have proper dump truck insurance coverage.
What Is Dump Truck Insurance?
Dump truck insurance is a type of insurance coverage that falls under the category of commercial vehicle insurance. It can pick up the cost if something happens to your dump truck or if you damage someone else’s property or hurt someone with your dump truck.
What Types Of Dump Truck Coverage Can You Obtain?
There are a number of different types of coverage you can get for your dump truck. Some of these are:
- Primary liability insurance
- Dump truck general liability insurance
- Physical damage insurance
- Collision insurance
- Fire and theft insurance
- Dump truck cargo insurance
- Downtime insurance/Rental reimbursement
Is Dump Truck Insurance Mandatory?
Some dump truck insurance such as liability insurance for bodily injury and property damage is required by state law. All other types of coverage are optional but recommended.
Operating a dump truck comes with a certain amount of risk. Dump truck insurance can go a long way towards helping everything run more smoothly.