Commercial truck insurance refers to an insurance bought for truck. Insurance helps to guard against any kind of losses borne due to accident and/or against legal responsibility that could come up in any kind of accident.
All the countries have their specific insurance rules for commercial trucks. A businesses man will be most worried about damage to his truck in the event of any accident or any other kind of harm to the truck.

Financial coverage is provided by insurance in case of any damage caused to an insured automobile. This damage can occur due to either one of the following reasons:

* Theft,
* An accident
* Fire

To insurance that the truck companies cover interstate boundaries in the US, an ICC authority is compulsory for these companies. Certain decisions and considerations must be kept in mind pertaining to commercial truck insurance. These are:

* The type of commercial truck insurance needed
* Amount for the commercial truck insurance
* Whether the insurance is required for the drivers or not
* Whether you would want to consider workmans compensation or not
* Whether the insurance is needed to cover to cover all - fire, accident, and robbery.

There are a number of factors that insurance of commercial truck is based on;

* Driving years of experience of the driver for the number of years a commercial vehicle has been driven by him.
* Any accident record of the driver, both at-fault and not-at-fault. Accidents, if any, result in a higher premium.
* Commercial vehicles value
* Business line of the company
* Years of vehicles manufacture
* The vehicles condition
* Annual mileage of the commercial truck
* Cargo to be delivered in the truck
* Any gap in insurance coverage will lead to sharp increase in rates of the insurance for the commercial vehicle. So there should be no gap in the insurance coverage in order to avoid the higher prices.