YouTube video by Hunter Nelson explaining pay-per-mile insurance for trucking businesses. The speaker highlights that pay-per-mile pricing can apply to cargo, general liability, and auto liability coverage, while physical damage is charged as a fixed rate because vehicles can be damaged while parked (theft, hail, fire).
So these guys will do pay per mile on your cargo, your general liability, and your auto liability. So, you know, with these guys, it's, if it's not driving, it's, you don't have to pay for it. So once again, you know, you have auto liability and you got general liability. Auto liability is covering you, the truck. General liability is covering you doing business operations outside the truck. So, like, if you do a ratchet strap over and hit somebody, you know, or you got sued free advertising or something. So these guys will do pay per mile on your cargo, your general liability, and your auto liability. Pretty wicked. Only thing you're gonna be paying like a fixed rate for is your physical damage. Because, you know, if the truck's sitting, it can still get hailed on, you can still catch on fire. So get stolen stuff like that.
