Truckers need to make sure they have the right kind of insurance for their commercial trucking operations. The state of Ohio requires truckers to have certain kinds of insurance, and truckers who operate outside of Ohio may need different types of coverage. In this article, we’ll look at the types of commercial truck insurance available in Ohio and why you may want to opt for national coverage.
Ohio’s Commercial Truck Insurance Requirements
Ohio requires truckers to have liability insurance to cover any damages or injuries they may cause in the course of their operations. This type of coverage pays for damages to other people or property caused by the trucker’s negligence. The minimum amount of liability insurance required by Ohio is $1,000,000 per occurrence, and the minimum amount of uninsured/underinsured motorist coverage is $25,000 per person and $50,000 per accident.
In addition to liability coverage, Ohio also requires truckers to have cargo insurance to cover any damage or loss to goods they are transporting. The minimum amount of cargo insurance required by Ohio is $10,000 per occurrence. Cargo insurance is also required for any hazardous materials being transported.
Benefits of National Coverage
For truckers who operate in multiple states, it may be beneficial to opt for national coverage rather than getting separate policies in each state. National coverage can provide more comprehensive protection for truckers who travel outside of Ohio. It can also be more cost-effective, as some insurers may offer discounts for buying multiple policies.
National coverage can also provide additional protections that may not be available in Ohio. For example, some policies may include coverage for legal fees, which can be helpful if the trucker is sued. National coverage can also provide protection for other risks such as theft, vandalism, and cyber liability.
What to Look for in a National Policy
When looking for a national policy, it’s important to make sure the policy meets your needs. Make sure the policy provides the minimum coverage required by Ohio, as well as any additional coverage you may need. You should also look for a policy that includes additional coverage for risks such as theft and vandalism.
It’s also important to shop around and compare policies from different insurers. Make sure you read the fine print and understand what is and isn’t covered. You should also look for an insurer with a good reputation and customer service record.
Conclusion
Commercial truck insurance is essential for truckers operating in Ohio. Truckers should make sure they have the minimum coverage required by Ohio, as well as any additional coverage they may need. For truckers who operate in multiple states, national coverage can provide more comprehensive protection and may be more cost-effective. When looking for a policy, make sure it meets your needs and compare policies from different insurers.
