Hot Shot Truck Insurance

Non-CDL hot shot trucking is a great option for independent truckers looking to get into the industry quickly and easily. However, getting established and obtaining shippers who trust you with their freight can be challenging.

Having the right combination of insurance coverages is vital for mitigating risks and staying in compliance. These include: physical damage insurance (truck and trailer), cargo insurance, specialized equipment coverage, and broader pollution liability coverage.

What is a hot shot truck?

A hot shot truck is a truck that hauls small loads of freight in short distances. Generally, these trucks are smaller than long-haul class 8 trucks and are less expensive to run. They also have faster turnaround times. This makes them attractive to shippers looking to get their cargo moved quickly.

Hotshot trucking can be a profitable business, but it is also a risky one. To protect themselves and their assets, hotshot truckers need insurance coverage. This includes primary auto liability and cargo insurance.

Cargo insurance safeguards the freight a trucker is hauling, including any specialized equipment or perishable goods. It can also cover damage caused by weather, road conditions, or human error.

Property damage protection covers a trucking company’s financial liability for physical property damage to 3rd parties caused by the truck or its driver. This could include running into the side of a dock during unloading or tearing up someone’s lawn while delivering a load.

What kind of insurance is needed for a hot shot truck?

Hot shot trucking can be a lucrative business, but it is also a risky one. In addition to meeting your broker and shipper requirements, you need ample insurance to protect yourself and your freight from potential liabilities.

A robust hot shot trucking policy should include a comprehensive coverage, including bodily injury and property damage. It should also include collision coverage, which protects you in the event of a collision with another vehicle or stationary object. You should also consider cargo insurance, which protects your valuable freight from theft or loss during transit. Finally, you should consider physical damage insurance, which covers your truck and trailer in the event of fire, vandalism, or other damage.

In addition to these essential coverages, you may want to consider other policies, such as towing and storage insurance, earned freight insurance, downtime coverage, and workers’ compensation insurance. You should work with an expert to customize a policy that meets your unique needs and risks.

How can I get a hot shot truck insurance quote?

If you want to start a hot shot trucking business, the right insurance is an important investment. Not only will it protect you against liability risks but it can also help you avoid financial ruin if a major accident happens. As a leading specialty trucking insurance agency, we have the experience to help you create a custom hot shot insurance policy that fits your needs.

Non-CDL hot shot trucking insurance is a type of commercial auto insurance that’s designed specifically for businesses or individuals who transport time-sensitive freight using pickup trucks. It typically includes a combination of policies, including liability, cargo, and physical damage coverage. This specialized insurance can be expensive, but it’s essential for those who need to get the job done quickly and efficiently. It’s also required by most brokers and shippers. Liability insurance protects you in the event of an accident, while cargo and physical damage coverages protect your truck and cargo.

Where can I get a hot shot truck insurance quote?

Hot shot truckers work on tight deadlines and have to be able to deliver cargo at a moment’s notice. Having an insurance provider that understands this unique business and can offer a tailored solution is important. The cost of insurance for hot shot trucks can vary depending on the value of the cargo and the coverages needed to protect against loss.

It is common for hotshot truckers to add policies such as collision, towing and storage, earned freight and downtime, bobtail coverage, and professional liability. This can increase the premium but it is worth it as it protects the trucking company against damages caused by negligence or mistakes by its employees.

Physical damage coverage is also a must. Especially for short-haul trucking companies that use pickup trucks to haul less-than-loads on tight deadlines to individual clients. This type of coverage safeguards the truck against fire, theft, vandalism, and other types of physical loss. It can be paired with warehouse keeper’s liability or storage liability to cover third-party losses that might occur while in the trucks custody.