Lately we have been getting calls for Commercial Trucking. It seems like the market has been heating up again so we want to talk about it!
New truckers with new DOT’s and Truckers with old DOTs who are getting back into it.
When you are applying for insurance and applying for your DOT you have to have the EXACT same address, name etc OR your filings will get rejected making getting your authority take a bit longer!
As you know getting your authority approved FMCSA requires $750,000 CSL insurance on all Truckers which means $750,000 in commerical auto liability, the liability that we would pay on your behalf if you were found at fault in an accident either to bodily injury or property damage.
THOUGH - Your brokers are goint to want to see 1,000,000. So, though $750,000 will get your authority active, $1,000,000 will get you loads.
Brokers are also going to have requrements on General Liability insurnace, CARGO (on specific goods sometimes) and trailer coverage depending on the trailer situation.
The price difference in insurance from 750k to 1million in CSL is significant then adding the additional coverages add up quickly. As well as new DOTs typically have carrier requirements with radius, most carriers require unlimited until they get some experince for the insurance carriers to go off of.
If you are looking for trucking rates give us a call to go over your specific needs! 717-900-8658