Physical damage coverage

Physical damage coverage stands as a cornerstone in protecting a trucking company’s fleet against a multitude of risks, including collisions, theft, fire, vandalism, and natural disasters.

Comprising two main components—collision coverage and comprehensive coverage—this insurance shields against various perils. Collision coverage safeguards against damages resulting from collisions with other vehicles or objects, while comprehensive coverage extends protection for non-collision incidents like theft, fire, vandalism, or weather-related damage.

While physical damage coverage may be mandated by state or federal regulations, or required by lenders or leasing companies, its importance transcends mere compliance. Even when not compulsory, investing in this coverage is a prudent measure to safeguard the company’s vehicle investments and ensure a swift recovery from any unforeseen damage or loss.

The cost of physical damage coverage is influenced by several factors, including the vehicle’s value, cargo type, drivers’ records, and chosen deductible. Opting for a higher deductible typically yields lower premiums, albeit necessitating a larger share of repair costs in the event of a claim.

In essence, physical damage coverage for trucking companies serves as a vital safety net, shielding against a spectrum of hazards and ensuring resilience in the face of adversity. Explore our comprehensive coverage options today and fortify your fleet with confidence.