A Guide to Hot Shot Insurance Coverage

A hot shot truck is used to transport items that are too large to fit in a conventional semi truck. Animals, farming equipment, construction materials, and automobiles are examples of such items. Traditionally, this freight is transported over short distances and for individual clients.

If you wish to work in the hot shot transport industry, you’ve reached the right place! This article will go over the basics of hot shot insurance coverage. Let’s get started!

What’s Hot Shot Insurance Coverage?

Hot shot truck insurance coverage protects more than just your trailer, cargo, and truck.  It also protects yourself and other motorists on the road from possible dangers.
To get to the point, a major accident can potentially put your hot shot business out of operation.

Therefore, insurance coverage for your hot shot business is utterly crucial. In fact, most states have minimum insurance requirements you must adhere to.

Here’s what you need to know.

Coverage Options

Every transportation company experiences unique risks. Therefore, the coverage required will differ from one hot shot business to the next. Fortunately for you, there are a variety of coverage options to choose from.

The following are the coverage possibilities for a hot shot trucking company:

  • Cargo insurance
  • Truckers’ general liability 
  • Collision and comprehensive coverage
  • Bodily injury liability
  • Property damage liability 

What’s Covered?

Your trailer, truck, and cargo are the primary items covered by your hot shot insurance policy.

Liability insurance will pay for any property damage caused to another party when you’re at fault in an incident. It will also cover any medical bills or legal fees you incur if someone is injured in an accident in which you’re at fault.

Furthermore, comprehensive coverage protects your truck and trailer if it’s damaged from something other than an accident, such as fire, vandalism, weather events, and so on.

The cargo insurance coverage you require will vary greatly. Your insurer will consider the type of goods you’re transporting as well as their value. Shippers will frequently set a minimum required coverage limit, and if you don’t meet the requirements, they may refuse to release the load to you.

Who Needs It?

You’re a hot shot trucker if you use a pickup truck to transport smaller loads short distances. Hot shot truck drivers will use a class 3, 4, or 5 pickup truck and a trailer to make deliveries faster than a tractor-trailer or box truck. Also, as stated above, typically you’re hauling for a single client.

Bottom Line

You must compare rates for hot shot truck insurance to get the best possible coverage. Finding the right hot shot insurance policy is challenging if you’re doing it on your own. There are numerous factors to take into account. Coverage options, special offers, and rates vary wildly between insurers.

Fortunately, you won’t have to call around to various insurance providers to compare truck insurance rates. Simply fill out our online quote form or give us a call whenever is most convenient for you. We’ll help you find the best policy that suits your business’s needs.

To get an idea of what hot shot insurance costs, check out our latest blog.

You’re one step closer to better savings!




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