Every business has a budget, and it’s wise to be frugal when it comes to various expenses, including insurance. If your business has a dump truck, you need the right insurance for that vehicle. And there are some key ways to save money when purchasing that insurance. Here are some simple ways to maintain great dump truck insurance coverage while still keeping an eye on the bottom line.
If you use a dump truck to haul sand, dirt, asphalt, gravel or rock, then you need specialized dump truck insurance. Dump trucks are classified as heavy-duty commercial vehicles. They include transfer dump trucks, tandem dump trucks, and side dump trucks.
Dump trucks are typically constructed to be used on construction sites or off-road at stone quarries and similar sites. Because of their use in roadwork zones and construction sites, dump trucks are more likely than other commercial trucks to be involved in over-turn and back-up accidents. Because of this fact, dump trucks can be costly to insure. If you are looking for cheap dump truck insurance, you have come to the right place. Here is a guide to finding affordable insurance for dump trucks.
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.
Dump trucks are the workhorses of the transportation and trucking industry. These giant trucks are large and a lot less nimble than other vehicles. As a result, they are prone to accidents. In fact, dump trucks have the highest fatality rate of any commercial truck.
If you operate or own a dump truck, you might be wondering what kind of insurance coverage you need. If you haul trash, snow, ice or asphalt, then you need dump truck insurance. You also need dump truck insurance if you haul or remove construction materials. Depending on what type of material you haul and whether or not it is hazardous, you might need specialized commercial vehicle insurance.
Dump truck insurance generally costs $5,000 – $20,000 per power unit per year.
(But we say this without knowing your business, your drivers, your loss history, and so on.) There are a lot of factors that go into determining dump truck insurance rates, such as:
- Your drivers and their MVRs
- Your location
- Your loss history/Claims
- Speeding tickets
- Your radius
- How long your business has been around
- What you’re transporting
Your business could be at the lower end or the upper end of this range – or not within this range at all. Dump truck insurance rates vary greatly from business to business, and that’s why it’s important to get dump truck insurance quotes for your business.
There are many different types of dump truck, but they all require the driver or user to understand dump truck safety. Dump trucks can be dangerous if you’re not careful. To help you avoid workplace accidents while using these vehicles, here are ten safety tips.