Need tanker insurance for your company? Let our trucking industry professionals help.
Heavy-duty vehicles like tanker trucks have different challenges and risks compared to other commercial vehicles. In fact, the operational costs associated with operating a tanker can be substantial.
Tankers tend to transport chemicals, oil, and other gases and liquids. Oftentimes these materials are flammable, hazardous, or expensive. Also, repairing or replacing parts in a tanker can be expensive and difficult.
This is where insurance comes into play. The best way to mitigate these risks is by properly insuring your tanker truck.
What’s considered a tanker?
A tanker is a type of truck made to haul various liquids and gases. They tend to be large, insulated, and pressurized.
Another name for a tanker is a tank truck or tanker truck.
You probably see them transporting gasoline to your local gas stations often.
Some industries that use tank trucks in their everyday operations are:
Water treatment facilities
Trading and distribution companies
What type of insurance do tankers need?
A combination of various coverages would be necessary if you want reliable and adequate protection from the numerous risks that exist.
Here's a list of some of the common coverages you'll need for your tanker:
How much does tanker insurance cost?
Many factors play into the cost of your tanker insurance. First, the insurance company will want to evaluate your business to determine the risk involved. Typically, the more risk involved the higher your rate will be.
Some factors that impact the cost of tanker insurance are:
- The type of cargo you haul
- Your location
- Your hauling radius
- Speeding tickets
- How many trucks you have
- The year, make, and model of your trucks
- The age and experience of your drivers