Driving a commercial truck like a car hauler under your own authority is an exciting step in your career. You want to do everything right and may wonder if you need to carry larger amounts of auto liability insurance and cargo insurance now that you are no longer leased to a motor carrier.
What are the different types of commercial driver’s licenses?
The ongoing trucker shortage has led companies of all sizes to actively recruit and hire new drivers – at attractive and appealing rates. In order to secure one of those jobs, though, you need to get your commercial driver’s license, or CDL. Learning more about the different types of commercial drivers licenses makes it easy to determine your training path and make the most effective and efficient decisions for your career.
What’s the difference: Actual cash value vs. stated limit for trucks
You’ve done everything right – your drivers are experienced, careful and well-trained, your trucks are well-maintained and up-to-date and everyone is complying with regulatory laws – but you still had an accident. It happens to everyone eventually, and it’s why you have commercial coverage for your fleet of trucks and vans anyway.
Can I use bobtail liability insurance to get my tags?
The term bobtail typically means that a truck has no trailer attached to it. If you work for an employer, that company typically provides primary liability coverage while you are delivering the goods. Since this policy does not cover the times when you are driving but not delivering goods, it is a good idea to obtain bobtail liability insurance for these situations. (It’s really important to have the proper insurance.)
What is the difference between a surplus lines and an admitted carrier?
Surplus lines and admitted carriers both do the same thing – they provide insurance coverage for fleets and commercial vehicles. The differences between the two have to do with licensing, rates, and coverage options.
What is the ELD rule and who is exempt from it?
Congress passed a bill in 2012 that increased qualifications to receive federal highway funding. Known as MAP-21, or Moving Ahead for Progress in the 21st century, the bill required the Federal Motor Carrier Safety Administration (FMSCA) to make it mandatory for commercial truckers to maintain an electronic logging device (ELD) – in other words, the ELD rule.
How can a motor carrier be sure an ELD is compliant?
Most motor carriers are required to utilize an electronic logging device (ELD) in their vehicles. However, understanding all of the associated rules can be difficult. Below is some information to help you make sure you are fully compliant with this law.
Can I get my own primary liability and cargo if I’m leased to a motor carrier
Primary liability insurance is the only coverage for commercial truckers mandated by the Federal Motor Carrier Safety Administration (FMCSA).
3 things to consider before adding a new vehicle to your fleet
Adding a new truck, van, or even a company car to your fleet can solve many problems, save you time, and allow you to scale up your operations, provided you are truly ready to make the switch.