Question
What kind of Insurance do I need to begin my own trucking business ?
I'm going to start my own transportation business , I already registered for the trucking company ,I have a truck ( Dodge Ram 3500 ) and trailer for up to 4 cars. One thing that I'm not sure about , where should I be looking for an insurance for that type of business. Thank you for help, Robert. I live in Florida.
2 years ago - 3 answers
Best Answer
Chosen by Asker
You need to look at an independent agent, who can get you quotes on coverages. Here's what you need: Commercial auto for your truck & trailers. Inland marine for your cargo. You'll need a filing for hauling stuff of others, that can go under either the commercial auto OR the cargo policy. Workers comp for any employees, general liability for your office exposure and office contents. This is very expensive. If you're going to be hauling cars, well, I did a quote for that once. The commercial auto policy was about $8,000, the CARGO policy (for cars, INSIDE an enclosed trailer) was $36,000 for $100,000 limit, and a $5,000 deductible. OUCH. The filing will run you about $2500. Workers comp, about 15% of payroll.
Source(s)
agent, 21+ years
by mbrcatz17
2 years ago
Asker's Rating: 
Other Answers
Well, you're going to need insurance on the truck; which will probably be written through what is called a Business Auto Policy. Then, you will most likely need some type of insurance for your cargo - "Cargo Insurance" - sometimes called an Inland Marine policy (don't get confused with the words inland marine - inland marine policies cover all kinds of things). This policy will cover any damage to your cargo while it is in your possession. You also may want a general liability policy.
by Apple- 2 years ago
You would need a commercial general liability policy, with coverage for the busoiness and the trucks. Any independent insurance agent will do this for you.
by Michael F- 2 years ago