Partners In Business: Trucking Insurance

(Last Updated On: February 13, 2018)

 

After the truck payment, truck insurance is an owner-operator’s biggest fixed cost, one that must be paid on time whether a truck is running hard or parked. Without adequate insurance, an accident or cargo claim could mean financial ruin.

The older your truck, the less you’re likely to pay in optional physical damage insurance, often computed at 3 percent to 5 percent of the truck’s market value.

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