Indiana Commercial Truck Insurance Requirements
Commercial Truck Insurance Requirements Indiana Commercial Truck Insurance Requirements for Motor Carriers start with Federal Requirements set by FMCSA. FMCSA is the Federal Motor Carrier Safety Administration which oversees the Department of Transportation. Commercial trucks hauling freight for hire across state lines must first register with FMCSA. Commercial Trucks operating Intrastate in Indiana are […]
How to Reduce Your Commercial Truck Insurance Premiums
Reducing your truck insurance premium is difficult in the current hard market. Here are some tips to help you maintain solid coverage while tweaking your commercial insurance premium. 1. Fix your Credit Score Your Credit Score is not the same as your Insurance Credit Score. Insurance companies insist they don’t use your Credit Score, they […]
Cargo Vans vs Sprinter Vans
Cargo Vans vs Sprinter Vans has been a truck parking lot debate for years. Read on to find out the differences between cargo and sprinters, and what is the best fit for you. Cargo Vans by Ford, GMC and Chrysler were originally the preferred unit to haul cargo in the 90’s. Then Mercedes Benz introduced […]
Ohio Commercial Truck Insurance Requirements
Commercial Truck Insurance Requirements Ohio Commercial Truck Insurance Requirements for Motor Carriers start with Federal Requirements set by FMCSA. FMCSA is the Federal Motor Carrier Safety Administration which oversees the Department of Transportation. Commercial trucks hauling freight for hire across state lines must first register with FMCSA. Commercial Trucks operating Intrastate in Ohio are […]
Texas Commercial Truck Insurance Requirements
Commercial Truck Insurance Requirements Texas Commercial Truck Insurance Requirements for Motor Carriers are based first on Federal Requirements set by FMCSA. FMCSA is the Federal Motor Carrier Safety Administration which oversees the Department of Transportation. In order to drive legally, commercial trucks hauling freight for hire across state lines must first register with FMCSA. FMCSA then […]
Florida Commercial Truck Insurance Requirements
Florida Commercial Truck Insurance Requirements for Motor Carriers are first based on Federal Requirements set by FMCSA. FMCSA is the Federal Motor Carrier Safety Administration which oversees the Department of Transportation. In order to drive legally, commercial trucks hauling freight for hire across state lines must first register with FMCSA. FMCSA then assigns you a […]
Commercial Truck Insurance Requirement MC S90
The Commercial Truck Insurance Filing Requirement MC S90 is easy once you know what it is. You’ll hear both MC S90 and BMC91X mentioned over and over, but what are they? Here’s a quick summary: You’re a Trucking Owner Operator looking to become a For Hire Motor Carrier. FMCSA has some legal requirements you […]
How does Non Trucking Liability Insurance differ from Primary Liability in the Trucking Industry
One of the most common questions we receive as Truck Insurance Brokers is How does Non Trucking Liability insurance differ from Primary Liability. Why is there such a cost difference? Let’s start with the basics. Non Trucking Liability – NTL – is insurance coverage for an Owner Operator who has permanently leased on […]
What does Motor Truck Cargo cover?
Motor Truck Cargo is insurance that covers the freight a Motor Carrier or Owner Operator is hauling. The premium is based on types of commodities. Who needs Motor Truck Cargo Insurance? Motor Carriers are companies approved by FMCSA – The Federal Motor Carrier Safety Administration. They are established freight hauling companies with designated DOT – […]
Commercial Truck Roadside Assistance
Owner Operators who need Truck Roadside Assistance are often shocked at the exorbitant rates some towing companies charge. Until now most insurance companies have shied away from offering roadside assistance to large trucks. Progressive Commercial Truck Insurance has broken the barrier and is now offering Heavy Truck Roadside Assistance. How much does it usually […]
Who has the Best Commercial Truck Insurance?
5 Simple Tips for Finding the Best Commercial Truck Insurance When it comes to commercial truck insurance, having the right coverage and premium is crucial for truckers and owner-operators. There is a lot to know in order to decide what is best for your unique situation. We’ve compiled five tips to help you find the […]
What is the Definition of a Commercial Vehicle
What’s a Commercial Vehicle? One definiton of a commercial vehicle is simply a motor vehicle used for business rather than personal or family use. Commercial vehicles that are used for transporting goods for hire are regulated by both federal and local laws. The true definition of a commercial vehicle can be confusing because of FMCSA […]
Michigan Owner Operator PIP Truck Insurance Rates
Michigan Owner Operators are required to carry PIP, which inflates their truck insurance rate. PIP is Personal Injury Protection that an Owner Operator purchases as part of his Trucking Commercial Auto Liability Insurance policy. PIP insurance covers medical and other expenses for an Owner Operator and passengers no matter who is at fault. In a […]
What does Occupational Accident Insurance for Truckers cover?
Occupational Accident insurance for Owner Operator Truckers is a supplemental insurance plan to help cover medical, death and disability claims resulting from on the job injuries. Occupational Accident policies can include coverage for: Accidental Death Survivors Benefits Accidental Dismemberment Accidental Paralysis Accident Medical Expenses Temporary Total Disability Continuous Total Disability While specific coverage limits vary, […]
FedEx Custom Critical Owner Operator Insurance
What kind of commercial truck insurance does a FedEx Custom Critical Owner Operator need? Owner Operators hauling for the FedEx Custom Critical division are independent contractors and provide their own $1,000,000 NTL, Non Trucking Liability Insurance. Non Trucking Liability insures the Owner Operator’s equipment. This insurance only covers you when you’re not hauling on behalf […]
How to Become an Owner Operator with No Experience?
Tips and Requirements on How to Become an Owner Operator With No Experience What is an Owner Operator? An Owner Operator is someone who owns their own truck and operates as an Independent Contractor hauling freight for hire. Many Owner Operators Lease On to a Motor Carrier where a Dispatcher finds freight for them to […]
9 Tips for the Cheapest Commercial Van Insurance
Commercial Van Insurance should be cheap given it’s not technically Commercial Truck Insurance. Coverage for Cargo Vans and Sprinters is usually written as Business Auto Insurance. Here’s why that difference matters to you along with 9 tips on how to get the Cheapest Commercial Van Insurance: Today the Expediting Trucking For Hire world […]
Commercial Truck Insurance 101
Commercial Truck Insurance 101 for Motor Carriers and Owner Operators starts with the 4 different categories of coverage: Commercial Auto Liability Physical Damage Cargo General Liability What does each category of truck insurance cover and how does each one protect you? Let’s start with the first category […]
Save Money on Your New Motor Carrier Truck Insurance With These 9 Questions
Any Owner Operator venturing out to become a new Motor Carrier wants to save money on his truck insurance. Right now you’re probably driving your truck hauling freight for hire while “leased on” to a large Motor Carrier. If it’s time for you to establish your own Motor Carrier authority then read on: Truck […]
Progressive now insures Small Truck Fleets
Well it’s been years in the making, but Progressive now insures Small Truck Fleets. Here’s what you need to know: What is Progressive Small Fleet for Trucks? Small Fleet refers to the number of vehicles, not the type of vehicle. A new Progressive Small Fleet policy can be written for accounts with 10-40 existing units. […]
10 Quick Tips to Lower Your Trucking Insurance Premium
Here are 10 Quick Tips to Lower Your Trucking Insurance Premium: 1. Credit is King The better your credit, the more options you have. Insurance algorithms indicate that people with better credit are generally more responsible and “less risky” personality types. Credit information as predictive of future accidents or claims is a hotly […]
What is Progressive Smart Haul?
Here’s what you need to know about Progressive Smart Haul: Smart Haul is a program that allows Small Motor Carriers and Owner Operators the opportunity to save between 5% and 20% on their truck insurance by allowing Progressive access to their Electronic Logging Device – ELD. Current average savings for Owner Operators with Smart Haul […]
Your Commercial Truck May Be Under Insured
Your Commercial Truck Insurance is set at a Stated Amount chosen by you, the Owner Operator. But your truck could still be under insured. Read more to see why. Savvy Owner Operators know that after an accident, the truck insurance company will look at the vehicle’s Stated Amount and Actual Cash Value (ACV) and pay […]
What’s the Best State for Truck Insurance
The number one Truck Insurance question asked by new Owner Operators and Motor Carriers is… What’s the Best State for me to set up my Truck Insurance? Before Covid we saw an increase in the number of Owner Ops establishing their own USDOT Motor Carrier Authorities with some flexibility on states. Since then insurance providers […]
Independent Contractor FedEx Custom Critical
Independent Contractors for FedEx Custom Critical own and maintain their own trucks and provide their own insurance. As the Owner Operator of the truck, they have no designated route and can accept or reject loads. What kind of commercial truck insurance does a FedEx Custom Critical Owner Operator need? Owner Operators hauling for the FedEx […]
Non Trucking Liability – The Most Misunderstood Insurance Coverage
Non Trucking Liability or NTL, is frequently misunderstood because many Owner Operators think it simply means when not under dispatch. Read more to learn how Non Trucking Liability really works. Who needs Non Trucking Liability Insurance? Non Trucking Liability is insurance coverage for an Owner Operator who is permanently Leased On to a Motor Carrier. […]
Difference between Hotshot Insurance vs Expediter Insurance
The difference between Hotshot Insurance vs Expediter Insurance is largely the type of unit and commodities hauled. You may have heard the terms Hotshot and Expediting used interchangeably. While these two types of trucking have some similarities there are also important differences that you may want to know. How are Hotshots and Expediters similar? […]
Commercial Truck Requirement MCS-150
Commercial Truck Requirement MCS-150 applies every 24 months for EXISTING Motor Carriers. This blog is a continuation of our earlier blog, Commercial Truck Insurance Requirement MCS-90 or how to BECOME a Motor Carrier. FMCSA is the transportation governing body that requires an MCS-150 update on your business every 24 months. If you’ve gotten to the […]
