As we’ve mentioned many times before – commercial trucking insurance isn’t a matter one delves into with ease. The world of insurance can get pretty overwhelming and even confusing at times and commercial trucking insurance isn’t different. Because, let’s not lie to ourselves, dealing with insurance isn’t on top of your list of favorite things to do on your spare time, is it?
There are always risks when you drive a vehicle, even if it is as big as a long haul truck. Though driving becomes much more of a muscle memory with every year of experience you gain, you should never forget that is dangerous. While driving depends mostly on your skills and awareness, sometimes accident happen in spite of them.
As everything else, buying a used big rig can be a lot easier if you do your homework in advance. Because, let’s face it, buying anything previously owned and used can be more on the gambling side of things. Sometimes you will get the best for your money, but if you don’t do the necessary research, you can quickly find yourself stuck with a vehicle that causes more problems.
We will get you through the basics of owner operator truck insurance, so you can feel confident and informed. That way you can make the right decision when purchasing an insurance policy for your trucking business.
It is not a secret that insurance takes up a big chunk of short-haul companies’ balance sheet. There are many factors that impact short-haul truck insurance costs and if you own such company, it is very important to know what those factors are, how do they influence the insurance cost and whether you are paying more than you have to.