The Department of Motor Vehicles (DMV) in every state requires both personal and commercial vehicles to obtain truck tags for license plates on an annual basis. The amount that drivers must pay for these truck tags depends on several factors, including age and type of the vehicle. Just as drivers of personal vehicles must prove they have minimum liability insurance, the same is true of commercial truckers. You will need to demonstrate that you have primary liability coverage to drive a commercial truck as required by the Federal Motor Carrier Safety Administration (FMCSA).
It can be hard to figure out what kind of truck insurance coverage you need. Different types of trucking businesses need different types of insurance to make sure they’re protected from the various risks they face. Here’s a handy checklist that details a few different types of businesses and the insurance that’s important for them.
Whether you are in the market for dump truck insurance, tow truck insurance, box truck insurance or any other type of insurance for a commercial vehicle, you need to know how to get truck insurance quotes and then compare them. This will help you make a decision about which insurance you purchase. We’ve got some tips and guidelines for evaluating quotes.
Primary liability insurance for truckers is a type of policy they must carry under the mandates of the Federal Motor Carrier Safety Administration (FMCSA). It is the minimum insurance requirement that you must obtain when you operate or own a single commercial truck or a fleet of trucks. It provides you and other motorists with a basic level of financial protection in the event of a truck accident.
One of the first decisions you face as a new owner-operator is whether to operate under your own authority or lease onto a motor carrier. While each option has its advantages and disadvantages, the majority of new truckers opt for the latter. The biggest benefit of doing so is that the motor carrier finds loads for you to transport instead of you having to do it yourself. The company you lease from may also pay for fuel, insurance, maintenance, and repairs.
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.
If you drive a semi or another type of truck for your work, you might be wondering what type of insurance you need. Whether you are a contractor with one commercial truck or you have been an owner-operator for many years, it is important to understand the different insurance coverages available. That way, you can ensure that you are fully covered in the event of an accident.
In 1980, the federal government passed legislation called the Federal Motor Carrier Act that required motor carriers to show proof of financial responsibility to cover claims initiated by third parties. The purpose of the law was to protect individuals from financial loss when involved in an accident with a motor carrier that did not have enough liquid assets to pay personal injury, property damage, and other claims. The act requires all motor carriers to demonstrate proof of the ability to pay up to a statutory minimum.
Are you a delivery truck driver? Do you deliver packages for Amazon or Walmart? If so, then it is important to make sure you have the right insurance coverage. Your personal automobile policy will not provide adequate coverage if you do delivery on the side. You are at risk of a great loss if your delivery vehicle is not properly insured. So, what kind of insurance coverage do delivery drivers need? Here is a guide.