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As a drive away logistics company owner, you are responsible for delivering vehicles on time, every time. It is a big job, and the last thing you should have to worry about is an accident or loss that might stand in the way of successfully operating your business. Unfortunately, there are many risks that threaten drive away companies. While you may not be able to control the future, there are steps you can take to minimize your risk exposure and protect your business against unexpected circumstances.
If a dealer contracts your company to deliver several used vehicles purchased at an auction, what would happen if one of your drivers falls asleep at the wheel? If a transportation company requires saddle mount delivery of two commercial trucks, what would it cost you to replace them if your driver skids off the road in wet weather? In these types of “worst case scenarios,” you depend on your drive away logistics insurance to cover your costs. Without the right coverage for your load, you could become financially liable for a major loss.
Many hazards threaten drive away companies, some of which include:
- Inclement weather
- Road construction
- Driver errors
- Dangerous roads
- And more
With drive away logistics insurance from White Oak Insurance Group, you give yourself and your customers peace of mind knowing that every truck and load is completely covered against potential hazards. We understand the unique risks your company faces, and we work hard to provide personalized insurance solutions that meet your coverage needs.
Drive Away Insurance Coverage Types Your drive away insurance needs will vary depending on the size of your business, the types of loads you transport, and more. However, most risk management plans offered here at White Oak Insurance Group will include a variety of coverage types, some of which include:
Auto Liability This type of insurance protects your business against financial losses stemming from bodily injuries and physical damages to a victim after an at-fault accident. It can help cover medical bills, legal fees, settlements, and judgments against your business.
Cargo Physical Damages
This type of coverage protects the load the vehicles your company is transporting against physical damages caused by a covered event during transport.
Property Property insurance helps cover damages to the building structures owned by your business. It can help cover the cost of repairs or replacement if your business experiences a loss caused by a covered event, such as a fire or theft. You can also purchase coverage that protects other assets, such as your equipment and office furnishings.
General Liability If someone is injured on your business premises, you can be held liable for medical bills and other related expenses. General liability insurance takes care of most liabilities not covered by your auto liability.
Excess Liability If a major lawsuit exhausts the limits on your primary liability coverage, excess liability – also known as commercial umbrella insurance – can help pick up where your other policy leaves off. Excess liability insurance serves as a secondary safety net for your auto liability, general liability, and more.
Workers Compensation Though drivers may be independent contractors, your company still needs workers compensation if your employ any office or sales staff. Workers compensation ensures employee access to necessary healthcare after a work-related injury.
Occupational Accidental If an independently contracted driver is injured while transporting a vehicle, you could be sued for any damages or loss. Occupational accidental insurance helps protect your business against expensive lawsuits by offering coverage for medical expenses, disability, and more.
At White Oak Insurance Group, we understand the challenges your business faces and the risks you are exposed to every day. Our experience working with drive away logistics companies means that we are fully prepared to take on your coverage needs with our comprehensive insurance solutions.
For more information about drive away insurance and how the right coverage can better protect your business, contact us today. We look forward to serving you soon.