If you are starting a new trucking company one of the biggest challenges is finding auto liability insurance for your new company. We have New Venture Truck Insurance and business auto coverage.
Our office is licensed in and writes new authority and new venture truck insurance and bus insurance for new business startups to help you get out on the road making a living.
Have you filed for your authority with the FMCSA? See insurance requirements below.
If you are just starting out we should be able to help you get a few new venture trucking quotes and find primary auto liability, physical damage coverage, motor truck cargo, bobtail-non trucking liability and/or several other coverage’s important to trucking or busing companies small or large. Our companies will do all of your required state or federal filings.
Get a free New Venture Truck Insurance help request submitted right now. Our brokers just need a little bit of information to help you at this point.
For quick quotes use the quick contact form below for our New Venture Insurance companies in FL,GA,IA,IN,KS,MD,NC,NE,NJ,OH,PA,SC and VA (877) 294-0741. Same day quote & policy binding available in most cases.
Get help finding commercial insurance coverage now.
Call (833) 220-1321 for our direct quoting companies that offer help with New Venture Truck Insurance in states other than those listed above.
Best insurance for new authority and Commercial Auto Insurance quotes for small risks to large national fleets are currently available by using the contact form above. We offer new authority truck insurance for semi’s, route delivery trucks, box trucks, straight trucks, auto haulers and almost any type of contractor vehicles. New Venture Truck Insurance quotes and coverage available for new cdl drivers right here for new venture Semi’s, new authority and new owner operators. Get expert help finding the best commercial truck insurance company for CDL new drivers.
Truck insurance for new CDL drivers is easier to obtain when you are prepared with documents and information needed to quote (Driver information, Vehicle information, radius of operation, Items hauled, etc.) If you are an established company with more than 3 years experience we recommend that you visit Big Rig Insurance Programs
How Do I Check My Application Status?
To check whether your operating authority has been issued(granted),
- Go to the SAFER website
- See bold heading “FMCSA Searches”
- Click on “Licensing & Insurance”
- Enter MC Number or USDOT Number in the appropriate box and click “search”
- Click “HTML”
- Scroll to bottom and click on “Authority History.” This page will display the granted date of the operating authority
In addition to the mandated primary auto liability coverage required by federal and or state law, you can choose from the following truckers insurance policy options when building your policy:
•Physical damage insurance: This insurance is usually required by the lenders when you finance the purchase of your rig. It typically lasts for the duration of your loan and provides coverage if your truck is damaged in a collision, regardless of fault. Comprehensive insurance will also include coverage for damage and loss caused by natural disasters, fire, theft and vandalism.
•Medical payments insurance: This insurance provides coverage for any medical costs that you or other drivers/passengers may incur from an accident in your rig. Insurance companies will often require you to provide them with a list of all drivers who will be operating the vehicle and may base rates on the driving records of those listed.
•Equipment coverage: This insurance can be purchased as an addition to your physical damage policy. It provides coverage for loss or damage to driver-owned property kept in the truck, as well as equipment such as chains, tarps and added electronic and navigational devices. Some policies will even provide compensation for losses caused by fuel spills.
•Motor truck cargo insurance: This insurance covers the cargo you are hauling if it is lost or damaged while you are transporting it.
•Bobtail insurance: This insurance provides coverage for your commercial tractor when there is no trailer is in tow. This coverage is effective whether the vehicle is being driven for commercial or personal use. Though similar, bobtail insurance is different from non-trucking liability insurance.
•Non trucking liability insurance: This type of trucker insurance is designed specifically for independent owner-operators. When you are leasing out your services to another company, they generally provide your liability coverage; however this coverage is only valid when your truck is being driven for business purposes. Non trucking liability insurance covers you while you are not working on the job, such as while you are driving to and from the job site or if you use your vehicle for personal reasons.
•Occupational accident insurance: This coverage acts as a supplement to workers compensation. It provides your drivers and their families with added protection if a driver is hurt while on the job. It provides benefits for accidental death and dismemberment, medical expenses for accident-related injuries, and both temporary and long-term disability coverage. You also have the option to purchase additional coverage that will include compensation for non-work related accidents.
•Non-owned trailer coverage and Trailer Interchange: This insurance provides compensation for damages to a third-party-owned trailer that you have hitched to your rig. This coverage is for the structure of the trailer only and does not include the contents. Additionally, it will only cover damages that are incurred while the trailer is hitched to your truck.
Choose your business tax structure. It is an important decision.
Sole Proprietorship-Most Popular
A sole proprietorship is the most basic type of business to establish. You alone own the company and are responsible for its assets and liabilities.
Limited Liability Company-Probably the best choice
An LLC is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.
A corporation is more complex and generally suggested for larger, established companies with multiple employees.
An S corporation is similar to a C corporation but you are taxed only on the personal level.
Issuance of Active USDOT Number Notice
Applicants may not engage in operations without registration and an active USDOT Number. A USDOT Number becomes active only after registration has been granted by the FMCSA. Registration will not be granted without financial responsibility and process agent filings, when required.
|Form||Description||Authorities Subject to Filing|
|BMC-91 or BMC-91X||Public liability insurance (bodily injury/property damage/environmental restoration)|
|BMC-34 or BMC-83|
Truck insurance for new CDL drivers and new owner operators is a little bit easier to obtain since Progressive Commercial & Berkshire Hathaway Homestate started offering policies for businesses under 2 years old again recently.