What Does A General Liability Insurance Policy Cover In Trucking?
When you think about trucking, many obvious risks come to mind. From highway collisions to accidents related to weather, driving presents many known challenges.
However, the trucking industry is vulnerable to plenty of other types of lawsuits and incidents as well. Just like any industry, there are risks that come with running a trucking business. Here are some of the most common types of claims.
If a customer, delivery person, or other third party is hurt at your place of business and your business may be to blame, general liability insurance can help. You may be able to seek coverage for the other person’s medical or funeral expenses. Fines related to court-ordered judgments, as well as attorney fees, may also be covered.
It’s important to note that employee injuries fall under workers’ compensation insurance, not general liability insurance.
When it comes to trucking that involves hauling cargo, even small mistakes can add up quickly. For example, if your driver drops a heavy box and breaks the contents, you may be held liable. In some cases, this damage could also be related to extensive delays and shipping errors, rather than physical damage. Trucking businesses that transport products should have robust general liability insurance to gain protection from these types of incidents.
Keep in mind, damage to your own business property is not covered under this type of policy. Commercial property insurance and other types of trucking insurance that provide protection on the road will apply in these instances.
Advertising and copyright issues
Even with due diligence and a proactive approach, advertising lawsuits can happen. For example, if you accidentally copy a competitor’s logo or branding, you could be held liable for damages.
General liability insurance can provide coverage for these types of legal issues, including defamation (libel and slander) and copyright infringement. In this type of situation, your general liability insurance may cover the cost of attorney fees, as well as any fines the court may order if you lose your case.
Driver behavior or errors
You may also face issues related to the behavior of your drivers. Whether it’s at a truck stop or loading dock, these errors and other issues can lead to lawsuits.
General liability insurance is valuable because it can provide coverage in these very unique circumstances. While this category may seem broad, it has the potential to protect your business from a range of different issues that could lead to someone filing a claim against your company.