TRUCKING INSURANCE
Premier insurance solutions and risk minimization services
TRUCKING INSURANCE
Premier insurance solutions and risk minimization services
TRUCKING RISK EXPERTISE
Trucking businesses are responsible for transporting a wide range of goods – whether it’s machinery, equipment, furniture, or raw materials – over hundreds of miles to arrive safely and securely at their intended destinations. These destinations may be interstate, intrastate, or even across international borders. Trucking businesses also carry significant risks. Assessing your exposures and taking the appropriate precautions can go a long way toward protecting your business.
FAQ
Do Long-Haul Truckers and Short-Haul Truckers Need Insurance?
Yes, truckers have a lot to protect. They need insurance to protect their vehicles, cargo, employees, as well as third-party liabilities.
What are Some Notable Risks Trucking Companies Face?
- Automobile Exposure – The risk of exposure is significant as it involves loading, unloading, and transporting freight. Drivers have to have a valid commercial driver’s license (CDL) for the type of trucks that they operate and the goods inside. In fact, drivers have specialized training to prepare them for safely transporting goods in large semi-trailers. Companies and drivers are responsible for maintaining their vehicles and keeping accurate records. This helps to make sure they are safe and in compliance with state and federal regulations.
- Inland Marine Exposure – Goods transported by truck are at risk of damage due to accidents, theft, or overturns. To mitigate the risks, cargo containers should come with locks and alarm systems. Legal minimum cargo liability requirements help to protect the trucker and the customer in case of loss or damage.
- Employee Injury Exposure – Drivers face risks when it comes to driving large trucks and the process of loading and unloading goods from these trucks. Vehicle maintenance and repairs are key. Some challenges that drivers might encounter include driving in poor conditions such as low lighting, inclement weather, or road construction. Knowing about ergonomics could help drivers since they are required to sit for long periods of time. Also, reviewing safety protocols, training, proper equipment usage, and material handling could help reduce the chances of injuries.
What Insurance Coverage Is Needed for Trucking
Trucking businesses will likely need essential coverage options such as commercial auto liability, physical damage, inland marine, cargo, workers’ compensation, general liability, and umbrella insurance. These insurance coverages will help protect your business against a variety of risks and liabilities.
How Much Does Long-Haul and Short-Haul Trucking Insurance Cost?
The cost of trucking insurance premiums will depend on factors such as type of vehicles, routes, cargo value, and type. Other factors include payroll and revenue. Long-haul and short-haul operations have different premium rates based on specific risks and exposures.
What Are the Commercial Truck Insurance Requirements for My Business?
This can vary by state. It also depends on the type of cargo being transported. Many businesses have minimum liability coverage limits they have to meet. Oftentimes, there are requirements that cover protection for damages caused during accidents, injuries to others, and cargo loss. When reviewing these requirements, it’s important to remember to search for what’s needed for the size and type of vehicles in your fleet.
How are Commercial Truck Insurance Rates Calculated?
There are several factors that determine commercial truck insurance rates, such as the type of truck, its usage, the driver’s history, and the value of the goods being hauled. Other factors that may come into play include the distance traveled and the location of your business.
What Coverage Options are Available for Semi-Truck Insurance?
Semi-truck insurance offers coverage for owner-operators and companies with large fleets. Standard coverage can include liability, physical damage, and cargo insurance. However, there are additional coverage options that include roadside assistance, uninsured motorists, and specialized policies that can be tailored to your business’s specific needs. The main goal should be to select the best semi-truck insurance that best protects your drivers, vehicles, and business.
How Much Does Semi-Truck Insurance Cost Per Month?
The cost of semi truck insurance per month can vary depending on the value of the truck, the distance traveled, and the driver’s record. Insurance premiums can be higher or lower than others depending on individual circumstances and the level of courage needed.
How Do I Purchase Trucking Insurance?
Biscayne Risk & Insurance Group can help you with purchasing the best trucking insurance for your business. Please contact us at 561.571.1001, or you can email us at quotes@biscaynerisk.com. You can also fill out the contact form below to receive a customized quote.
TRUCKING RISK EXPERTISE
Trucking businesses are responsible for transporting a wide range of goods – whether it’s machinery, equipment, furniture, or raw materials – over hundreds of miles to arrive safely and securely at their intended destinations. These destinations may be interstate, intrastate, or even across international borders. Trucking businesses also carry significant risks. Assessing your exposures and taking the appropriate precautions can go a long way toward protecting your business.
FAQ
Do Long-Haul Truckers and Short-Haul Truckers Need Insurance?
Yes, truckers have a lot to protect. They need insurance to protect their vehicles, cargo, employees, as well as third-party liabilities.
What are Some Notable Risks Trucking Companies Face?
- Automobile Exposure – The risk of exposure is significant as it involves loading, unloading, and transporting freight. Drivers have to have a valid commercial driver’s license (CDL) for the type of trucks that they operate and the goods inside. In fact, drivers have specialized training to prepare them for safely transporting goods in large semi-trailers. Companies and drivers are responsible for maintaining their vehicles and keeping accurate records. This helps to make sure they are safe and in compliance with state and federal regulations.
- Inland Marine Exposure – Goods transported by truck are at risk of damage due to accidents, theft, or overturns. To mitigate the risks, cargo containers should come with locks and alarm systems. Legal minimum cargo liability requirements help to protect the trucker and the customer in case of loss or damage.
- Employee Injury Exposure – Drivers face risks when it comes to driving large trucks and the process of loading and unloading goods from these trucks. Vehicle maintenance and repairs are key. Some challenges that drivers might encounter include driving in poor conditions such as low lighting, inclement weather, or road construction. Knowing about ergonomics could help drivers since they are required to sit for long periods of time. Also, reviewing safety protocols, training, proper equipment usage, and material handling could help reduce the chances of injuries.
What Insurance Coverage Is Needed for Trucking
Trucking businesses will likely need essential coverage options such as commercial auto liability, physical damage, inland marine, cargo, workers’ compensation, general liability, and umbrella insurance. These insurance coverages will help protect your business against a variety of risks and liabilities.
How Much Does Long-Haul and Short-Haul Trucking Insurance Cost?
The cost of trucking insurance premiums will depend on factors such as type of vehicles, routes, cargo value, and type. Other factors include payroll and revenue. Long-haul and short-haul operations have different premium rates based on specific risks and exposures.
What Are the Commercial Truck Insurance Requirements for My Business?
This can vary by state. It also depends on the type of cargo being transported. Many businesses have minimum liability coverage limits they have to meet. Oftentimes, there are requirements that cover protection for damages caused during accidents, injuries to others, and cargo loss. When reviewing these requirements, it’s important to remember to search for what’s needed for the size and type of vehicles in your fleet.
How are Commercial Truck Insurance Rates Calculated?
There are several factors that determine commercial truck insurance rates, such as the type of truck, its usage, the driver’s history, and the value of the goods being hauled. Other factors that may come into play include the distance traveled and the location of your business.
What Coverage Options are Available for Semi-Truck Insurance?
Semi-truck insurance offers coverage for owner-operators and companies with large fleets. Standard coverage can include liability, physical damage, and cargo insurance. However, there are additional coverage options that include roadside assistance, uninsured motorists, and specialized policies that can be tailored to your business’s specific needs. The main goal should be to select the best semi-truck insurance that best protects your drivers, vehicles, and business.
How Much Does Semi-Truck Insurance Cost Per Month?
The cost of semi truck insurance per month can vary depending on the value of the truck, the distance traveled, and the driver’s record. Insurance premiums can be higher or lower than others depending on individual circumstances and the level of courage needed.
How Do I Purchase Trucking Insurance?
Biscayne Risk & Insurance Group can help you with purchasing the best trucking insurance for your business. Please contact us at 561.571.1001, or you can email us at quotes@biscaynerisk.com. You can also fill out the contact form below to receive a customized quote.
COMMON COVERAGES
Business Auto Insurance
Whether you have one vehicle or a whole fleet, we can help you implement custom coverage that will protect your business.
Commercial Property Insurance
Commercial property insurance protects your assets in the event they are stolen, damaged or destroyed in a fire or natural disaster.
General Liability Insurance
Coverage that protects your business in the event a non-employee is injured or property you do not own is damaged.
Employment Practice Liability Insurance
EPLI protects against the risk of lawsuits brought by employees.
Business Owners Insurance (BOP)
A Business Owners Policy (BOP) combines business property and liability insurance into one convenient policy.
Directors & Officers Liability Insurance
Covers directors and officers for claims made against them while serving on a board of directors and/or as an officer.
Liquor Liability Insurance
Protection for your business in the event that a customer causes damage or injury after being served alcohol by your business.
Workers' Compensation
Coverage for employees who are injured on the job or contract work-related illnesses. Workers’ Compensation is usually mandated by state law.
OUR EXPERTISE
- Long Haul Trucking
- Short Haul Trucking
- Fleets
- Hazardous Materials Hauling
- Contractor Fleets
HOW CAN WE SERVE YOU?
CALL | 561-571-1001
EMAIL | hello@biscaynerisk.com
HOW CAN WE SERVE YOU?
CALL | 561-571-1001
EMAIL | hello@biscaynerisk.com