Being a commercial truck driver means hauling loads of cargo, which can involve lots of responsibility. When you’re hauling anything from cars, personal possessions, or hazardous materials, it’s important to keep your cargo safe. The type of insurance you need may vary from each truck. Therefore, it’s important to know the potential risks and try to prevent them.
The articles below outlines the types of insurance you’ll need for your cargo. It will also talk about why each commercial trucking business needs proper insurance. As well as how to lower the rates on your insurance coverage. We’ll also cover topics on how to prevent mishaps like damage and theft to your clients’ goods, how to grow your trucking business, the little known risks of transporting goods in the industry, and what you can do as a commercial vehicle owner or fleet manager to keep your trucks in great working condition.
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.
When driving a personal vehicle for everyday use, most drivers simply jump in and go. However, for commercial motor vehicles used to transport cargo or passengers, extra consideration should be taken to ensure that they’re safe and ready for the road.
Performing pre-trip inspections on your commercial truck can catch potential problems before they have a chance to endanger the safety of you and others on the road. Take care of problems right away to prevent future costs and delays.
It’s estimated that cargo theft results in losses of $15 to $30 billion annually in the United States. While those numbers may seem alarmingly high, they illustrate just how vulnerable cargo is during the shipping process.
Shipping losses can dramatically cut into your bottom line, making it essential that you do everything you can to ensure that your goods are transported safely to their destination.
Every commercial motor vehicle on the road must have sufficient coverage in place. Apart from being a legal requirement, commercial auto insurance provides the insured parties with financial protection in the event of a covered loss. Commercial motor vehicles are massive investments, and as a truck driver, you’ll want to safeguard your asset.
If you’re a truck driver in California you’re probably on the hunt for the best coverage and rates. Especially as inflation continues to drive up the cost of goods around the world. As a business in the transportation industry, we understand the urge to cut back on expenses. However, now’s not the time to cut back on your insurance coverage. With a few simple tips, you can manage your insurance costs without breaking the bank.
In this article, we’ll discuss the FMCSA insurance requirements in California and the various factors that affect your rates. Let’s get started.
As a commercial motor vehicle (CMV) driver, you know few things are more important when on the road than transporting your cargo safely. That’s why the Federal Motor Carrier Safety Administration (FMCSA) has outlined regulations for making sure your cargo is loaded and secured properly.
Commercial drivers face a number of risks on the road, including truck crashes, severe weather, and equipment breakdowns. Trucking insurance can help cover carriers and drivers from these losses, but it can be easy to overlook another common risk—lost or damaged cargo.
Because for-hire transporters don’t own the cargo they carry, standard trucking liability policies may not provide the coverage you need if anything happens to freight while it’s in transit. And since cargo can be extremely valuable, you could be responsible for expensive losses and damaged relationships with your clients.
All transporters should consider motor truck cargo insurance to cover their liability for the goods they carry. The FMCSA also requires vehicles to have cargo insurance for interstate commerce, and other federal and state laws may also apply.
Cargo insurance is required if you haul and deliver goods for a living. How it works is lost or damaged shipments will be compensated for but only up to your policy’s limit. As you can imagine, cargo insurance can get pretty expensive since many shipments are worth hundreds of thousands of dollars, if not more.
In fact, shippers are very strict when it comes to truckers having the required cargo limit. If you fail to meet the requirements you’ll be denied the load. As you can see, cargo insurance is no joke, and businesses are prioritizing the protection of their goods during transportation.
As you can expect, there’s no one size fits all when it comes to cargo insurance. Every business is unique and your coverage will be tailored to meet your specific needs. So, without further ado, here’s the cost of cargo insurance and factors that can affect your rates.
Truckers are responsible for hauling valuable cargo to their designated drop-off location. Therefore, they’re often targeted by groups of individuals who resell the goods to make a hefty profit. As a result, trucking businesses need to take major precautions to reduce the chances of their cargo being stolen.
This is an ongoing problem and we need better solutions to prevent this from happening. In this article, we’ll discuss ways trucking businesses can prevent cargo theft.
Have you ever driven behind a truck carrying a large load? You may even find yourself nervously surveying the vehicle to see how secure the cargo is. The problem with unsecured cargo is it can fly off the back of the truck striking other vehicles behind them. According to the FMCSA, 4% of accidents are caused by improperly secured cargo.