Primary Liability Insurance

When it comes to insurance, owning and operating a truck or fleet of vehicles is very similar to owning and operating a car. Primary Liability Insurance is required because of the possibility for damage to other people’s property and even to other people themselves. In fact, in the United States, using federal highways needs proof of financial accountability.

Any decent commercial vehicle insurance policy starts with primary liability insurance. Because this form of insurance is the very minimum required to operate a trucking and transportation business, you should think about other ways to protect your vehicle and cargo. Damage to your own vehicle or the goods being transported is not covered by primary liability insurance.

WHAT IS THE DIFFERENCE BETWEEN PRIMARY AND SECONDARY LIABILITY?

Remember that the damage produced by your equipment is what Primary Liability Insurance covers in the event of an accident. This includes reimbursing the cost of causing damage to public property or injuring other drivers.

Fire, theft, vandalism, or other natural calamities will not be covered by primary liability insurance. Without additional coverage tailored to safeguard your other valuable assets, your truck, trailer, and cargo are also at risk.

primary liability insurance

WHAT IF YOU WERE NOT THE CAUSE OF THE ACCIDENT/INCIDENT?

Primary Liability Insurance, once again, protects others—the general public. If your truck is involved in a collision caused by someone else, you are at the mercy of the at-fault party’s liability insurance coverage.

Keep in mind that even if two or more parties involved in an accident have Primary Liability Insurance, expenses can rise due to deductible amounts and the policies’ type.

WHAT ARE THE BEST WAYS TO PROTECT MY TRUCK AND OTHER INVESTMENTS?

Getting Primary Liability Insurance is a smart place to begin. Other products like Comprehensive Insurance, Cargo Insurance, and Trailer Insurance are also part of a well-rounded insurance package.

When added to your truck insurance coverage, comprehensive insurance will safeguard your truck. Because comprehensive means all-inclusive, this policy will cover nearly any damage to your truck, whether it is in use or not (this policy does not cover collisions, however).

Cargo and Trailer Insurance protects your extra equipment and commodities while they are being transported. If you have adequate coverage, you will not be held financially liable in the event of a loss due to an accident or rollover.

WHAT IS THE DIFFERENCE BETWEEN GENERAL AND PRIMARY LIABILITY INSURANCE?

Primary Liability Insurance is not the same as General Liability Insurance, despite the fact that the two terms are sometimes used interchangeably. Damage caused by your truck or vehicle is covered under primary liability. General Liability Insurance shields your company from lawsuits stemming from a variety of other events that occur during normal business operations. When it comes to helping you build the correct kind of coverage for your business, Royalty Truck Insurance Inc. can write both types of commercial truck insurance.

For more information about Primary Liability Insurance, contact one of our representatives now, and obtain free commercial truck insurance quotes!

QUESTIONS AND ANSWERS ON PRIMARY LIABILITY INSURANCE

Q: Is Primary Liability Insurance required?

A: Primary Liability Insurance is almost always needed by law. Each state has its own regulations governing the policy’s minimum limit criteria.

Q: Will my damages be covered by Primary Liability Insurance?

A: General Liability Insurance protects your company in the event of harm caused by day-to-day activities, as well as if your firm is sued for any reason. The damages to individuals or property caused directly by your truck/s are covered by primary liability insurance. The bodily injury element of your Primary Liability Insurance will cover the costs if you cause an accident that injures or kills another individual. The property damage element of your Primary Liability Insurance will cover payments if you cause an accident that damages another person’s property.

Q: What is the distinction between primary and general liability insurance?

A: No, this policy just covers liability. Its purpose is to keep other people and property safe. Primary Liability Insurance is the most basic type of insurance, and it covers injuries or property damage to others if you’re at fault in an accident.

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