The trucking industry in America plays a major roll in transporting many different commodities, and also employs over 3.5 Million truck drivers according www.gov.com
Estimates of 1.2 million companies in the U.S. Of that figure 97% operate 20 or fewer while 90% operate 6 or fewer trucks according to www.usspecial.com
With that being said, there is plenty of trucking companies out there and will continue to be. If you want to start up your trucking company, there will be many factors you will need to have in place before starting up.
COMMERCIAL TRUCK INSURANCE
One thing that can make or break a trucking company is insurance. A new venture incurs a higher insurance rate than a company who has operated 3+ years. There is many different reasons you might incur even higher rates.
- Speeding tickets
- CDL year
These types of incidents can really affect your insurance premium, and the future of your business. Keeping an eye on your business at all times will prevent you the headache, and worry when something comes up.
PREVENTING INSURANCE PREMIUM INCREASES
As mentioned above, keeping track of your business and operation aspect can help you when shopping for insurance. When your renewal is coming up there is many things that can affect your premium.
- ISS Scores
To name a few, these can put a hurt on your new trucking company. Accidents, Violations, and bad Safer ratings can impact tremendously.
But I’m sure you noticed discounts? Yes!
There is different types of discounts you are eligible for, but making sure you have them is crucial.
WHY RUSSELL AGENCY?
Here at Russell Agency we take pride in providing customized solutions for truckers across the US, and have done so for over 30 years! Having an agent who knows trucking prevents you from worrying if you are properly covered or not.
If it can be insured, we can insure it!