October is the perfect month to talk about the things that go bump in the night — and for trucking companies, few things are scarier than discovering a coverage gap after a loss. Ghosts and goblins may not be real, but unexpected expenses and denied claims certainly are.
Let’s shed some light on a few “spooky” insurance situations that can haunt even the most seasoned truckers if left unchecked.
1. The Phantom of Missing Cargo Coverage
You might think your policy automatically covers whatever you’re hauling, but not all cargo is treated equally. From electronics to perishables to hazardous materials, exclusions or low sub-limits could leave you unprotected. Don’t assume — always confirm that your cargo is properly covered before you hit the road.
2. The Curse of the Cheap Premium
A low rate may look tempting, but beware! Stripped-down policies can hide exclusions that only reveal themselves after an accident. Skimping on coverage today could cost your business thousands tomorrow. When it comes to insurance, you want a solid shield — not a paper ghost.
3. The Ghost Gap Between Policies
Your commercial auto, general liability, and motor truck cargo policies should work together — not leave eerie voids between them. One missed overlap can lead to a frightening out-of-pocket expense. Make sure your broker reviews all policies together to close any invisible gaps.
4. The Zombie Claim That Won’t Die
Old, unresolved claims can rise from the grave if documentation isn’t properly handled. Keep thorough records and stay on top of all claim correspondence to make sure the undead paperwork doesn’t come back to haunt your business later.
5. The Silver Bullet — A Knowledgeable Insurance Partner
Insurance shouldn’t be mysterious. Work with an agent who specializes in trucking risks — someone who knows the roads you drive and the challenges you face. With the right partner, you can turn fear into confidence and make sure your coverage is as dependable as your rig.
As Halloween approaches, take a moment to review your trucking insurance. Don’t let spooky coverage gaps creep into your protection. A quick check today can prevent a haunting financial surprise tomorrow.