While all businesses face risks, this is especially true for companies that handle hazardous materials. From spills to personal injuries, transporting hazardous materials is never an easy task. The good news is that hazmat truck insurance can help you mitigate all these potential claims.
About Hazmat Truck Insurance
Hazmat truck insurance is a specialized type of commercial truck insurance that is designed specifically for trucks that transport hazardous materials.
But what is a hazardous material, exactly? According to the Department of Transportation (DOT), there are nine classes of hazardous materials:
- Flammable liquid and combustible liquid
- Flammable solids, spontaneously combustible, and dangerous when wet
- Oxidizer and organic peroxide
- Poison (toxic) and poison inhalation hazard
- Radioactive materials
- Any other dangerous goods
What Does Hazmat Truck Insurance Cover?
Hazmat Truck Insurance is required by law for anyone who transports hazardous materials, and failure to have the right coverage could result in hefty fines or even the loss of your commercial driver’s license.
One of the most important features of hazmat truck insurance is liability coverage. This coverage is designed to protect you in the event that you cause an accident that results in injury or property damage. Hazmat materials can be extremely dangerous, so it’s important to have coverage that is specifically designed for these risks.
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Another important feature of hazmat truck insurance is cargo coverage, which protects the value of the hazardous materials that you are transporting. Hazmat truck insurance can also include other types of protection, such as collision and comprehensive coverages. Contact us today to build a policy designed with your specific profile risk in mind.
Wrapping It Up
In conclusion, hazmat truck insurance is an essential type of coverage for anyone who transports hazardous materials.
Not only is this type of coverage required by law, but it can also protect you from the financial impact in the event of an accident.
If you own a hazmat truck, be sure to talk to our knowledgeable insurance agent to make sure that you have the right coverage for your unique needs.
Need Hazmat Truck Insurance? Carter Bradley Insurance Solutions Can Help
At Carter Bradley, our team is solely focused on your unique needs to find the best prices and coverage you require for your business, home, auto and life insurance.