For those who own and operate a trucking business, Downtime Cover insurance can be one of your most valuable assets. Thankfully, East West Insurance Brokers is one of the only, and best, insurance carriers when it comes to offering Downtime Cover insurance.
Downtime Cover insurance is insurance that protects your business for when your trucks are off the road for some already insured against event. In many ways, it is sort of like insurance on top of insurance.
For example, if you have basic motor vehicle insurance, then your trucks will be covered against a variety of events that we all hope never happen. These events may include damage from fires, wrecks, or tornadoes. For the sake of this example, let’s say that your truck was in a crash and it needs to be replaced.
That truck costs $20,000, so it will take a while for the insurance company to get the money to you and for your truck to get back out there on the road making you money. Enter downtime cover insurance. Supposing that the truck which is currently out of commission normally makes you $5,000 in profit each month, downtime insurance will provide that full income while your truck is down and out.
In this way, both your trucks and your income streams are protected. This is the kind of total protection that East West insurance seeks to maintain for all trucking companies, and we are happy to offer some of the cheapest rates in the industry for this insurance.
If you would like to know more, please visit our site and contact us!