Intro: What is Commercial Truck Insurance?

Commercial truck insurance is a subset of auto insurance plans designed to address the demands of trucking companies. Primary liability is the foundation of the trucking policies, which are then built upon with numerous supplemental coverage.

Cost of Commercial Truck Insurance in in Hallandale Beach, Florida

There are several types of coverage you should look for when purchasing a semitruck insurance. The first is primary liability insurance, that will cost you between $5000 and $7000 and will cover any damages you may do while driving.

The second sort of insurance you require is physical damage insurance, which has a price range of $1000 to $3000. It’ll also cover any damage to your car caused by an accident, theft, vandalism, or extreme weather.

Occupational accident coverage ranges from $1600 to $2200 and pays out for compensation connected to work-related injuries, such as medical bills and lost wages.

General liability insurance, which costs $500-$600 per year and covers anything not covered by your primary liability or physical damage policy, is also required, according to Forerunner Insurance Group.

Commercial Truck Insurance Requirements

Florida commercial truck insurance requirements

A commercial trucker must meet a higher set of insurance standards than an ordinary motorist in Florida, who must carry at least $10,000 in liability insurance. The minimum varies according to the type of cargo. It costs anything between $300,000 and $5 million.

Household items require a $300,000 minimum liability insurance policy.

A $750,000 liability insurance policy is required for general freight.

A $1,000,000 liability insurance policy is required for oil shipment.

A $5,000,000 liability insurance policy is required for hazardous products.

When hauling across state lines, you must additionally adhere to the federal liability restrictions set by the FMCSA. Typically, these are priced between $750,000 and $1,000,000.

Top 10 Commercial Truck Insurance Companies in Hallandale Beach

The top 10 commercial truck insurance companies in Hallandale Beach you can find are:

  • Anchor Insurance Agency
  • Stellar Public Adjusting Services
  • NAM Coverage
  • Amparo Blanco
  • Just Insurance Brokers
  • American Insurance Agency
  • Tiburon Insurance Brokers
  • United Automobile Insurance Company
  • Lions Insurance Group
  • CTB Insurance

To get quotations about commercial truck insurance requirements, contact us. Our agents will provide you rates from the top insurance carriers in Hallandale Beach.

Who Has Cheap Commercial Truck Insurance in Florida?

The only way to find out cheap commercial truck insurance in Florida is by comparing quotes among multiple insurance carriers. Our agents have access over 80+ insurance carriers, who can help you find the cheap commercial truck insurance in Florida.

Conclusion

Examining your coverage is also necessary before purchasing trucking insurance. Cheaper insurance is appealing, but it’s useless if it doesn’t provide the coverage you require. Some fundamental liability coverage should be comparable across insurers, but you should pay special attention to some of the other coverage mentioned above, such as cargo.

Frequently Asked Questions

What insurance do I need for truck business?

Auto Liability, Auto Physical Damage, Cargo, and General Liability are the most common lines of coverage for a trucking company.

Why do trucking companies need insurance? 

If any of your trucks are involved in an accident, commercial truck insurance is a crucial sort of coverage to protect you from hefty expenditures. To safeguard property and persons from harm caused by your trucks, you must have primary liability coverage as part of your trucking license.

What is commercial general liability insurance trucking?

Trucking companies need general liability insurance. Insurance for general liability. Customer injuries, customer damage to property, and advertising injury are all covered by general liability insurance. It helps you prepare for leases and contracts while also protecting your new business from the hefty expenses of lawsuits.

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