Trucking has a number of opportunities in regards to what type of customers you want to service, what routes to try to get and possibly most importantly, what type of freight you want to haul. When it comes to investigating what types of freight to haul, as either a new business or creating new revenue for your company, you may understand what additional insurance you may want to consider.
Let’s look at a few, but not all, possible types of hauling you could investigate and what coverage could be useful, past the standard Comprehensive Auto coverage and General Liability.
Some standard hauling may include:
Dry Van Hauler
Dry, easy-to-transport goods packaged in pallets or boxes.
Additional Insurance to investigate:
Cargo insurance
Earned Freight
Loading and Unloading Coverage
Trailer-Interchange
Trailer bailee coverage
Flatbed Hauler
Flatbed haulers carry dry products or machinery on their open-air trailer that may be too large or awkward to fit into a dry van trailer.
Additional Insurance to investigate:
Cargo insurance
Earned Freight
Loading and Unloading Coverage
Trailer-Interchange
Oversized Loads
Driving double wide trucks, and over load trucks.
Additional Insurance to investigate:
Cargo insurance
Earned Freight
Loading and Unloading Coverage
Trailer-Interchange
Some more specialized hauling can require even more insurance requirements:
Refrigerated Hauler
Hauling with freezer transport vehicles and the truck driver must be able to make certain time and distance requirements.
Additional Insurance to investigate:
Reefer Breakdown insurance
Reefer breakdown v. spoilage
Specialty Car Haulers
Transporting cars that are damaged or need to be delivered to customers.
Additional Insurance to investigate:
Cargo insurance for the cars
Total constructive loss clause for auto haulers
Shippers control endorsement for auto haulers
Liquid Hauling
Gas, chemicals, and other hazardous materials that can be dangerous to be around and even more difficult to handle than standard goods.
Additional Insurance to investigate:
Broadened Pollution Liability
Umbrella Insurance
Mis delivery for tankers
Contamination for tankers
Other possible coverages to consider while you take on new freight opportunities
Loading and unloading concerns
Clean up costs
Tarpaulin endorsements
Exclusions for inherent vice
Theft
Coverage for tarps, chains and binders
Crane and rigging exposures
Valuation of freight
RSI Insurance is able to provide you with an analysis of your business to find ways that not only better to protect it but also is actively engaged in taking your business to the next level with new revenue streams and services. RSI’s resources include partners in banking, finance, equipment, real estate, legal etc. Our goal is to go beyond placing insurance and become an extension of your operation.
Anything a trucker may need for coverage, RSI Insurance can provide! Let us help you understand how to cover your company if it does take on new products/services.
Reach out to us to get all your questions answered (Click to get a quote or call us direct at 1-800-828-5273) and we can help!
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