What Insurance Policies Do You Need to Start a Trucking Business?

Starting a trucking business is an ambitious venture that requires careful planning, especially when it comes to getting trucking insurance for your operations. Whether you’re running a single rig or building out a small fleet, the right policies can financially protect your equipment, your income and your ability to keep working after an unexpected event.

What Policies Are Recommended?

Depending on your circumstances, our agents often recommend the following:

• Commercial auto insurance: This can cover damage caused by accidents, fires, natural disasters, theft and vandalism, as well as third-party damage you or your driver causes.
• Motor truck cargo insurance: This can financially protect the freight you’re hauling if it’s damaged or lost in transit.
• General liability insurance: This can cover incidents that happen away from the road, such as loading dock accidents or property damage at a client’s location.
• Workers’ compensation insurance: This can help pay for your employees’ medical expenses and lost wages if they are injured or made ill due to a workplace incident.

Bobtail insurance, non-trucking liability insurance, and other coverage can be worth discussing with our agents, as well.

Navigating Industry Requirements

The Federal Motor Carrier Safety Administration may set minimum liability requirements for interstate carriers. Individual states may also have their own trucking regulations. Your authority type, the cargo you haul, and the states you operate in all can affect your coverage needs. Getting this wrong can mean fines, suspended operating authority or gaps in coverage.

Why Should You Work With Us?

Our agents can review your operations before recommending coverage, taking into account your fleet, employees’ driving records and location. Contact Mel’s Good Deal Insurance Agencyv today to explore your options and request a quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.