Commercial Truck Insurance Texas is mandated by state law for all commercial vehicles that carry a weight in excess of sixteen tons. Owner operator of commercial truck insurance Texas is also mandated. Fleet owners commercial truck insurance Texas is also mandated. New driver commercial truck insurance Texas is required for new drivers who have previously qualified for an auto insurance policy but who have failed to retain and obtain a proof of insurance after a lapse of three months from the date of application. Owner operator commercial truck insurance Texas is required for all vehicle owners that wish to use the Texas road to transport goods for which the vehicle is insured. No proof of insurance is required for those who wish to drive a tractor or other vehicle that is covered by the owner's auto insurance policy.
There are two major categories of policies available for trucks: fleet and private. Fleet truck insurance Texas is required if the trucks will be utilized in the operation of a business. Private commercial truck insurance Texas is mandated only for trucks that are to be used for the purpose of earning income and for which compensation is received. Those trucks that are employed in the agricultural or livestock industry and that move goods in the course of their employment are not covered by state regulations. There are no federal regulations or federal laws that require public trucking companies to maintain insurance coverage and there is no mandate for farm equipment and livestock brokers to maintain liability coverage on their vehicles.
In order to be in business in Texas, it is required for trucks and motorhomes have a minimum of liability coverage as well as basic personal injury protection and property damage and bodily injury liability. Drivers of large trucks and vehicles that carry merchandise for retail purposes must also purchase a secondary type of insurance called a Claypool Liability Policy. This type of policy will protect the policyholder against the costs of damages to his or her leased or owned vehicle. The most common way that a company protects itself from liability claims is through a policy called the Employer Liability Coverage. In this type of policy, a company reimburses an employee for injuries on the job, but it does not cover him or her from liability claims made by other third parties. Read more about Commercial Truck Insurance Find us here
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