Many companies have a fleet of vehicles to help them run their businesses. From trucks to taxis to construction vehicles, fleet vehicles are pretty crucial to so many industries and businesses. But if you’re using fleet vehicles, you should also make sure your entire fleet is insured. After all, insurance is there to help protect your business and help you stay afloat should something happen. But to insure your fleet, do you have to get insurance for every vehicle? Nope. That’s where fleet insurance comes in. 

The trucking industry is a fast-paced and often hazardous business, which means it’s necessary to have certain security measures in place. If you transport anything in the U.S., be it people or cargo, you are required to have some kind of liability insurance, which is enforced by the Department of Transport (DOT). Not only is insurance a wise use of money, but without it, you won’t be able to receive a USDOT number, which is what allows you to legally transport goods in the U.S.

USDOT insurance is ultimately designed to keep you and your business safe while on the roads, as well as the people or cargo you transport. Insurance covers any damaged goods in transit should an accident occur. It also covers the cost of injury to employees, passengers, or another third party. Requiring liability insurance not only protects the public and your company but also reduces the number of accidents related to commercial vehicles.

As a business owner, it’s important to not only have the right equipment and services but to protect your equipment and services, too. That’s why insuring your trucking company isn’t just suggested—it’s essential to safely and profitably operate your business. Despite increasing truck insurance costs, you can find the right type of coverage for your operations that will increase your confidence and reliability while decreasing risks.

Aside from basic liability insurance, there are other commercial truck insurance requirements that businesses old and new should meet. Here’s everything you need to know about insuring your trucking company.