Do you want to start a trucking business but are confused about the required insurance?
Trucking is very demanding and the majority of truckers do not understand what it takes to sustain this lucrative business. Truckers insurance do not have to complicated if you align your business with an agency that specializes in trucking.
The number one insurance to consider when starting a trucking business is the Truckers Auto Liability insurance. This is not General Liability.
Cargo insurance covers the cargo you are hauling. Most new company start out with $100,000 in cargo. Without cargo insurance, shippers and brokers will not load your truck.
Physical Damage Insurance
As the name states, it covers your vehicle. This is not mandatory but strongly suggested. You need physical damage if:
- You owe payments on your truck to the bank or other financial institutions
- You simply want to protect your investment
Trailer interchange is only required if you will be pulling another company’s load with their trailer. You must have a trailer interchange agreement on file
How we can help
We write all types of truck insurance at insuresemitruck.com
The above list is not conclusive; however, we can help. We can provide you with pertinent information about starting your truckers business including the required regulations. Contact us today using our contact form at www.insuresemitruck.com