The Importance Of Transportation Insurance For Commercial FleetsJanuary 18, 2023 12:00 pm
Commercial trucking is the most valuable form of transporting goods in America, by a long shot. The total value of goods shipped by truck in 2017 was 12 trillion dollars, according to the Bureau of Transportation Statistics. That was over 60% of the total value of goods shipped.
As you can see, commercial trucking is the most valuable form of shipping without a shadow of a doubt. This is the main reason transportation insurance for commercial fleets is so important, but there are plenty more.
While commercial trucks are much bigger than even the largest pick-up truck or SUV on the road, they are still vulnerable to accidents and damages. Depending on who you ask, they might even be more vulnerable since they are so large they can be a bit unwieldy to drive and control.
Transportation insurance for commercial trucking is mandatory for a reason, it protects against losses and damages from accidents for a guaranteed rate. When an accident occurs, everyone knows it will be much better to have insurance than not have it.
Commercial fleets are very expensive. Actually, just one commercial truck is expensive, let alone a whole fleet.
There’s a reason transportation insurance not only exists but works. It is far cheaper to pay the fees for insurance and be safe from unforeseen circumstances than to have to fix or get a whole new commercial truck.
Remember accidents will occur no matter what, whether it’s just a scrape, a tragedy, or an engine simply stops working. Paying the small fee upfront will stop the pain of the larger fee on the back end when the problem occurs.
You never know when a problem will occur. You never will fully be able to foresee how it will occur.
But it will probably cost lots of money without the shield of insurance.
And it will also cost you a lot of time.
So, perhaps time savings is the most important aspect of transportation insurance for commercial fleets.
Think about it, money naturally costs time.
In the case of accidents or other mishaps, those will cost time, too.
Often, those cost much more time without the simple answer of insurance.
So, save yourself from a headache and spend your time elsewhere knowing that your transportation insurance has your back.
Need Transportation Insurance?
Here at Capstone Insurance, we specialize in simplified insurance solutions for the transportation industry. Please call us at 732-889-7635 to learn more!
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This post was written by Capstone Coverage