Benefits of General Liability Insurance For Transportation Industry

It is very important for hire truckers and for motor carriers to have Motor Truck General Liability insurance because, in the transportation process, there is higher possibility of a truck owned by the company to cause the accidents, injuries or damage to the property of a third party. In those situations the general liability insurance cover will pay for injuries or property damage caused as a result of business activities to third party.

The coverages provided by Motor Truck General Liability Insurance are: Bodily injury and property damage liability, personal injury and advertising injury liability, medical payments, products / completed operations, damage to premises rented to the company.

The individuals who generally face the allegations of liability in transporting industry are the persons conducting railroad operations, loading and unloading operations, track maintenance, the manufacturer. The liability faced may be direct or contingent.

Motor Truck General Liability insurance can be used when customer slipping or falling in the company premises, reckless delivery of products which results in damage, careless actions of a driver (of the insured) in the premises of others, such as, loading docks, truck stops, etc.,fire on rental property due to the mistake of insured.

There are many insurance companies offering wide range of services for transportation industry, so one has to compare the different quotes offered by service providers ans based on their risk exposure and financial resources has to chose the best cover.