Shopping For Log Truck Insurance
There are a few things you should keep in mind when shopping for log truck insurance. Ensure your drivers have the proper training and experience. Having trained employees can significantly increase the likelihood of getting comprehensive log truck insurance. Good policies are often reluctant to insure businesses that do not employ experienced drivers. Using the services of an insurance broker is a great way to lower your liability and protect your business. Here are some of the benefits of using a broker to find your log truck insurance.
Having a truck designed to haul logs is not an easy task. The size of the truck, the model, and the history of accidents will all affect the cost of insurance. While a truck with four occupants is generally cheaper than a large semi-trailer, a four-man logging crew could expect to pay between $1,500 and $2,000.
While using a broker will give you access to a variety of insurers, it is important to remember that log truck insurance is different from other types of auto or home policies. Make sure to ask your agent about the limitations of your policy. You also want to be sure your drivers are competent and follow a written safety plan. Finally, make sure you check for discounts when shopping for log truck insurance. It can save you a lot of money. Also, look for package policies. A Log truck insurance agency may offer discounts for multiple policies, so ask your agent to find out if there are any.
Using a Broker When Shopping For Log Truck Insurance
In general, log truck insurance premiums vary between $4,000 and $6,000 per year, although some companies might charge as much as $16,000 for owner operators operating on their own. For truckers operating under new authority, this can go up to $22,000 per year. Log truck insurance is designed for a special industry, and a number of factors affect the costs. In Florida, there are 17 million acres of forests, generating about $25 billion in economic activity each year.
A logging truck insurance policy offers both liability and damage coverage. Log haulers navigate windy roads and highways and must be prepared for potential accidents. Log truck liability and physical damage coverage will provide the protection necessary to keep your business running smoothly. Furthermore, liability coverage will cover legal defense costs in the event of an accident. Getting a competitive quote will help you protect yourself and your business from liability. The following are some of the benefits of log truck insurance.
One of the benefits of logging truck insurance is that it will cover your load, which is heavier than typical cargo. Logs are also extremely large, so the risk of them tipping over is even greater. Additionally, log trucks often travel on bumpy roads. The extra weight and size of the cargo increase the chance of an accident occurring, and the costs of such an accident can be huge. If a log truck tips over, it may damage property, injure or kill someone. This increases the costs of a policy.