Insurance

Truck insurance might seem complicated and overwhelming, but that’s why our team is here. We’re transportation experts who help businesses insure their commercial vehicles all day, every day. We understand the risks you face and the coverages you need to protect your business from them. Our goal is to make truck insurance as easy as possible.

Part of that includes the articles below. The following articles explain different concepts and different coverages that your truck business might need. Commercial vehicle insurance might seem overwhelming, but that’s why we’ve broken down different topics into smaller, manageable articles. From deductibles to physical damage coverage, we’ve compiled useful information for any trucking business to have.

So, take some time to click through and read the posts below. They’re there for you to read at your leisure. We hope that you enjoy the content and find it helpful as you begin the process of getting coverage for your trucks.

How to Find the Best Trucking Insurance Agencies

Working in the transportation industry means that you must have commercial truck insurance. You should have protection against dangers that could harm your business and your vehicles in a world full of unforeseen events.

You can ensure sure that your business and drivers have the best truck insurance policy by working with insurance agencies that specialize in trucking insurance. However, choosing any insurance company to protect your fleet of trucks isn’t as easy as it may appear.

You need to be aware of the qualities of a reputable trucking insurance provider if you wish to protect your semi trucks, flatbeds, box trucks, and other vehicles. Your firm can prosper for a very long time working with the right company. Let’s focus on the characteristics you need to search for in a trucking insurance agency.

Mitigating Transportation Risks

Mitigating transportation risks should be an integral part of running your business. And Truck Insurance Quotes can help. The structure of your risk management program should look to the endgame – your price.

To reach that goal, we help you to do the following:

Get you three free truck insurance quotes
Analyze your exposures
Implement control measures to those exposures
Determine risk transfer or financing options
Manage current and future exposures

A Summary of Truckers Liability Insurance

Truckers liability insurance is a kind of policy that safeguards transportation professionals in the event of a collision. Both property damage and any associated medical costs for injuries the other party sustained in an accident would be covered under this policy. Furthermore, if a truck driver is sued in the event of a collision, this coverage will assist in covering their legal expenses.

You should be aware that to operate legally, liability insurance is a minimum requirement for all transportation companies. This article will address the significance of truckers liability insurance, in addition to what is and isn’t covered, factors that affect your rates, and the dangers the trucking sector encounters daily.

The Benefits of Buying Insurance for a Dump Truck

You’re aware of the importance of having the appropriate insurance in place if you own a dump truck business. This is due to the fact that safely operating such large machinery comes with a number of risks. These vehicles are often costly to replace and repair, not to mention the damage they can cause to others can be detrimental! As a result, you must ensure their protection because your transportation business is likely your primary source of income.

In the event of an accident, your truck’s damages as well as the other party’s medical bills, injuries, and property damage will be covered, depending on the coverage you choose. As a result, we recommend that you purchase dump truck insurance to avoid financial hardship. The benefits of dump truck insurance will be discussed further in this article.

When an Insurance Company Won’t Renew Your Truck Insurance

You’ll probably panic if you learn that your truck insurance won’t be renewed a month or two before your policy’s expiration date. While a nonrenewal won’t negatively affect your credibility in the eyes of an insurer (in most cases), it’s still a major inconvenience. However, don’t fret as it’s still possible to acquire a new policy on short notice.

First things first, you must understand the reasons that your insurance carrier won’t renew your policy. Therefore, reach out to your agent who can help guide you on the next steps.

We’ll discuss the most frequent justifications insurance companies provide for not renewing truck insurance policies in this post, along with what you could do in response. Let’s get started!

Questions to Ask Your Trucking Agent

When looking for truck insurance, it’s best to reach out to multiple insurance agencies so that you have various options to explore. This way, you can determine the best option for you and save a considerable amount of money on your insurance in the meantime.

When talking to a trucking insurance agent, there are several questions you should ask them to determine if they’re the best fit for you or not.

What Is Box Truck Insurance?

Box trucks are a game changer in the short-haul transportation industry. This is how it works, a box truck will pick up loads from warehouses, distributors, and depots and deliver them to their specified drop-off location.

Since these trucks typically haul expensive materials and equipment, they need to be adequately insured in case of an accident or collision. In the event of a loss, being underinsured can put you in a difficult situation where you end up in deep financial trouble.

Additionally, the insurance sector is regulated by the government and some form of liability coverage is required for transportation businesses. This is because truck drivers experience more risk due to the nature of the job and the size of their vehicle. Not to mention, it’s difficult navigating a commercial motor vehicle on congested highways with reckless drivers present.

The Process of Applying for Operating Authority and DOT Numbers

The Federal Motor Carrier Safety Administration (FMCSA) requires commercial drivers to apply for an identification number with the United States Department of Transportation (USDOT) as well as an operating authority (MC number) in some cases.

To obtain your identification number via the USDOT, you must complete an online registration form at the FMCSA Unified Registration System (URS). You’ll have to access the URS directly since the FMCSA stopped accepting paper registrations for first-time applicants in December 2015. You won’t need to pay a fee to complete your registration.

In this article, we’ll discuss the process of applying for your MC number and DOT number. Let’s get started!

How Much Does Box Truck Insurance Cost?

Box truck insurance generally costs between $2,000 – $40,000 per power unit a year. It’s a huge range, we know, but we give that range without knowing any details about your business – your drivers, your location, your loss history, and so on.

In this article, we’ll discuss the general cost box truck insurance and the various factors that affect your rates. Let’s get started!