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. The answer to this question is a definite yes.
As a car hauler, you’re transporting some of the most expensive cargo in the industry. Do you have the car hauler insurance you need to cover a major accident? Or would losing a truck and its cargo put your auto hauling business in a serious bind?
Ask these five questions to determine if you have enough insurance to haul vehicles.
Car hauling is one of the most lucrative trucking jobs in the industry. Unfortunately, it can also be one of the riskiest in terms of liability. Car haulers transport anywhere from two to eight vehicles at a time. As a result, these vehicles are large and expensive. If your car hauler is damaged in an accident, it can really put a dent in your bottom line. If you haul brand new cars, you could be liable for thousands of dollars in damage if something happens to the vehicles during transport. Not only that but you have theft and vandalism to worry about when you haul new cars. Brand new vehicles are a major target for thieves who raid them for parts.
Are you paying $100,000 or more each year for insurance for your auto hauler fleet? Even saving a small percent will mean a lot of money that you get to invest back into your company.
The world of auto hauling has its fair share of risks. And those risks are exactly why you need car carrier insurance. It’s essential that you have an insurance plan that’s customized to your business, so there are several things you need to know about auto hauler insurance. We’ve got a list of ten things to keep in mind when you’re getting your insurance.