Are you thinking of starting a junk or debris removal business? Or, maybe you already haul junk for affluent baby boomers who are downsizing. If you regularly haul yard debris, junk or other waste, make sure you have the right insurance coverage for your truck.
You might think that the cheapest big rig insurance or truck insurance is always the best policy to choose. However, choosing a commercial truck insurance policy based on price alone can cost you in the long run.
Flatbed trailers haul large, bulky items like heavy-duty vehicles, machinery and more. Because a flatbed trailer must use chains and other specialized equipment to secure loads, there tends to be more risk with driving these trucks compared to others. To manage risks, you must get the right flatbed truck insurance coverages.
Do you regularly transport hazardous materials or pollutants? (Maybe you have a tank truck.) If so, then you face certain liability risks. If you have an accident, it could cause a fire or explosion. Hazardous materials may cause injury to those people who come in contact with the substance.
Tow truck operators are responsible for moving stalled, wrecked, or damaged vehicles from one place to another. What happens if the vehicle that you are towing is damaged while in your possession? You could be liable for repair or replacement costs. (And that’s why it’s so important to get the right tow truck insurance.)
For example, let’s say that you own a garage.
Commercial truck insurance provides coverage for injuries or property damage sustained in a truck accident. Commercial truck insurance is different than a personal auto policy because it usually offers different coverages than a regular auto policy.
Do you have an entrepreneurial spirit and a special flair for cooking? If so, then you might be thinking about starting a catering business. There are many options when it comes to a catering business. You might cater weddings, operate a food truck or work at family reunions.
From concerns about the shortage of qualified drivers (which will continue to grow as Baby Boomers retire) to the continued development of autonomous vehicle technology, 2019 is all about technology and people.
Tesla, Uber, Volvo, and GM have all either rolled out an autonomous truck or have one in the works – and they are not alone. Most automotive brands are including some form of autonomous vehicle for deliveries in their coming lineup.