Yes, Liability insurance for trucks typically has specific exclusions. Common exclusions may include intentional damage caused by the insured, damage from non-collision related incidents (unless covered by comprehensive coverage), and liabilities under worker's compensation or similar laws.
Additionally, liabilities arising from the transport of certain hazardous materials or operating under certain unauthorized or illegal conditions might not be covered. It's important to review the policy with your agent for details for specific exclusions relevant to your operations.
The cost of Commercial Auto Liability premiums for trucks is influenced by several factors, including:
- The type and value of the trucks insured.
- The driving records of the drivers.
- The amount of coverage selected.
- The geographical area where the trucks operate.
- The nature of the goods being transported.
- The company's claims history.
- The safety measures and protocols implemented by the company.
These factors help insurers assess the level of risk and determine the appropriate premium for the insurance coverage.
This summary is intended for informational purposes only and does not replace or modify the definitions or information contained in any insurance policy or declaration page, which controls all coverage determinations. Terms and conditions may vary by state, and exclusions may apply.
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