Call 866-869-3335 to Get the Right Hot Shot Trucking Insurance for Your Trucking Company at an Affordable Rate
Hot shot trucking has become a hugely popular business due to an increasing demand to have freight hauled safely and quickly. Hot Shot trucking businesses realize the importance of having trained drivers expedite urgent freight in a timely manner, but what if your freight gets damaged in an accident and your driver can’t make the expected delivery? Not having the right type of insurance protection or inadequate insurance can be financially devastating. The good news is that Paramount Insurance Agency can get the right hot shot trucking insurance for your trucking company at an affordable rate.
What is a Hot Shot Driver?
Hot shot truck drivers specialize in transporting urgent freight to a specified destination typically utilizing a heavy-duty flat bed truck with a goose neck trailer attached. Hot shot trucking companies understand the importance of training professional drivers and optimize hot shot trucking solutions to ensure the expected freight is delivered exactly as promised and on time!
Hot shot freight comes in all shapes and sizes and so should the insurance that protects it. Hot shot trucking companies must have the right type of unique insurance protection in place in order to survive financially. Time is of essence and urgent freight is expected at a scheduled time, but what about when something goes wrong? Anything can happen and you must be prepared when it does!
Typical Insurance Options Afforded for Hot Shot Trucking Companies, but Not Limited to:
Cargo Insurance – The Federal Motor Carrier Safety Administration (FMCSA) requires this type of coverage and most shippers require at least $100,000 in insurance. Keep in mind that your insurance protection should reflect the value of your expedited load so it’s essential to have a flexible insurance policy that can be adjusted depending on the amount of freight you are hauling.
Liability Insurance – The FMCSA requires commercial truckers to carry trucking liability insurance to protect against any damage(s) or injuries you cause during the operation of your truck. $750,000 is the minimum amount of liability insurance required; however, most brokers require $1,000,000.
Physical Damage – This is a group of coverage options include Collision coverage (for accidents involving a collision with an object or another vehicle, or a rollover) and Comprehensive coverage (broad or limited) to protect against situations such as fire, lightning, and theft. If you operate your truck on a lease, then this coverage is typically required; however if you own your truck, it is an optional coverage. *Deductibles may apply
Other Available Coverage Options – Towing and Storage, Earned Freight, Medical Payments, Bobtail Insurance, and more.
We Can Provide Hot Shot Trucking Solutions
We can assist you every step of the way to design a custom built hot shot trucking insurance policy that protects you, your freight, others on the road, and your truck so you can focus on your urgent load, schedule and reaching your destination safely and quickly.
From Raleigh, Charlotte, Wilmington, Winston-Salem, and throughout N.C. we understand your unique needs for your hot shot trucking business and can shop your coverage options to find the right type of hot shot trucking insurance you need, all within a price you can afford. Many factors may affect your insurance rate such as your typical radius, average freight amount, type of truck, along with your driving experience, and we are here to assist you every mile of the way.