Liability Insurance for the Trucking Industry

The trucking industry has long been referred to as the backbone of this great nation due to its ability to deliver goods daily to outlets across the US. A great portion of items are transported via truck, from city to city and state to state, to stores and facilities in order to make these items available to the consumers who have a need for these products.

Driving along the highways for hours, days or even weeks can be a difficult task, sometimes requiring truckers to work beyond normal physical capabilities. This is where the danger often lies. Many situations that could lead to accidents are fortunately avoided, but an accident involving a truck can lead to severe injuries. Carrying wholesale trucking auto liability insurance is the industry’s way of handling issues related to these types of exposures.

News programs often report trucking accidents

We hear news stories of trucks overturning on highways, spilling loads, catching on fire, or becoming involved in major incidents where one or more cars are involved. While the driver may not be at fault, these accidents occur, damages are incurred, and someone will be required to pay damages.

Federal laws and regulations help govern the trucking industry. State laws establish standards that trucking companies, owners, and drivers are held to, and circumstances can help determine who is responsible when an accident occurs. Many of the federal regulations regarding the trucking industry can be found in Title 49 of the Code of Federal Regulations. Agencies that regulate truck driving include the U.S. Department of Transportation (DOT) and the Federal Motor Carrier Safety Administration (FMCSA).

When there is an accident involving a truck in the logistics industry, fault could lie with the truck’s driver, the owner of the truck or trailer, the person or company that leased the truck or trailer from the owner, or the manufacturer of the vehicle, tires, or other parts that may have contributed to the cause or severity of the accident. The driver of another vehicle could also be found at fault.

In some instances the shipper or loader of the truck’s cargo, in cases involving improper loading, could also wind up being named as the one that caused the incident. With several companies and/or individuals involved, there may be an argument among them over whose insurance will compensate any victims. Operators need wholesale trucking auto liability insurance to help with any litigation that may arise.

 

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