For the trucking industry, insurance is a big concern. It’s an absolute necessity to protect your business, and there are a lot of coverages and details that you need to know about. Along with that, there are coverages and details that your insurance agent needs to know about. Choosing your agent wisely should be your primary consideration. You need to choose someone who understands the trucking industry. In short, it’s important to choose a trucking agent – not just an insurance agent.
Why trucking businesses need a trucking agent.
1. Insurance is probably in your top three expenses.
There’s no getting around it. Trucking is not an inexpensive industry to be in. You’re pouring a lot of money into your business. The top three expenses for trucking businesses are probably the truck itself, fuel, and insurance. That last one can get complicated – but it doesn’t have to.
When you work with a trucking insurance specialist, you’re working with someone who knows and understands the regulations you follow and the challenges you face. They can advise you of the right coverage to protect your business completely at the lowest possible rates.
2. A trucking agent understands the complex nuances of truck insurance.
There are many coverages associated with trucking and transportation, and they can get complex. A trucking agent understands how to write a policy so it has no potential coverage gaps that could leave you open to a major loss. Along with that, a truck insurance agent can help educate you about the different coverages available. They can break down the complicated insurance jargon so that you know exactly what insurance you have and why.
3. They understand the DOT and filing information you need to know.
The trucking industry is heavily regulated, and a trucking agent can help you make sure you’re compliant with all relevant DOT regulations. They can guide you through things like ELDs, federal filings, insurance requirements, and SAFER.
4. A trucking agent can help you become a better risk.
Another benefit to working with an agent who understands trucking is that they can help you become a better risk. They can help you address the problems that could be hurting you so that you can get your premiums back to a reasonable place. If you’re a better risk, you can see better truck insurance rates.
5. New ventures need to get off to the right start.
For newer ventures, the goal can be to get reasonably priced insurance. The process of getting better insurance rates isn’t one that happens in the blink of an eye, though.
You may be facing higher insurance rates when you start out because you’re a brand-new business. However, if you keep a clean loss record, more insurance markets could open to you after you gain experience over the first three years. A trucking agent can help you plan for the future.
The point is that a trucking agent can help you help your business thrive. Insurance is one of the biggest concerns trucking businesses face, so it’s important to work with someone who understands the industry. Isn’t it best to partner with someone who truly understands how to protect your business?
If you need truck insurance quotes, all you have to do is fill out our online quote form or give us a call. We’re also available via LiveChat.